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Western Colorado, Grand Junction 403 Kennedy Ave 4,590 SF 100% Leased Office Building Grand Junction, CO 81501 $799,000 ($174.07/SF) 6.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Location, Completely Remodeled in 2018, Opportunity Zone
EXECUTIVE SUMMARY
LOCATION LOCATION LOCATION + CONDITION CONDITION CONDITION - THIS HAS IT ALL! On Sherwood park, 5 leased units in stand alone building with private parking lot. COMPLETE update of interior, exterior and & major mechanicals in 2018. ADA baths & entrances. Continue to lease all or put your business in one or more of these units. MU-1 zoning (see assoc docs for allowed uses). Cap based on NOI 6.6%. No signage. No CIC. By appointment only.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,590 SF
Building Class
C
Year Built
1956
Price
$799,000
Price Per SF
$174.07
Cap Rate
6.68%
NOI
$53,375
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,590 SF
Building FAR
0.32
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
MU-1
Parking
20 Spaces (4.36 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Basement
- Central Heating
- Air Conditioning
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 2945-113-15-004 | Total Assessment | $129,020 (2024) |
| Land Assessment | $31,440 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $97,580 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2945-113-15-004
Land Assessment
$31,440 (2024)
Improvements Assessment
$97,580 (2024)
Total Assessment
$129,020 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Western Colorado, Grand Junction | 403 Kennedy Ave
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