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507 Fruitvale Ct 8,800 SF 100% Leased Flex Building Grand Junction, CO 81504 $1,150,000 ($130.68/SF) 7.60% Cap Rate
Investment Highlights
- Easy Access to I70B Nicely appointed warehouse and office space with fenced yard space
Executive Summary
• Offered at $1,150,000 with a current NOI of $87,948, reflecting a 7.6% cap rate
• ±8,800 SF Commercial Building comprised of two units on a combined ±1.17 acres
• North Unit C (±4,800 SF) is currently leased on a three-year term with renewal options, providing stable in-place income
• South Unit A (±4,000 SF) currently leased, but available for new tenancy Spring 2026 at $4,000/month + NNN, offering near-term upside
• Solid Investment or Owner-User Opportunity, allowing a buyer to occupy the vacant unit while maintaining income from the leased space
• Two additional parcels totaling ±0.46 acres, offering excess land and future flexibility
• Excellent Central Location with access and visibility off I-70B
• Opportunity for investment or Owner-Users seeking durable cash flow with optionality
• ±8,800 SF Commercial Building comprised of two units on a combined ±1.17 acres
• North Unit C (±4,800 SF) is currently leased on a three-year term with renewal options, providing stable in-place income
• South Unit A (±4,000 SF) currently leased, but available for new tenancy Spring 2026 at $4,000/month + NNN, offering near-term upside
• Solid Investment or Owner-User Opportunity, allowing a buyer to occupy the vacant unit while maintaining income from the leased space
• Two additional parcels totaling ±0.46 acres, offering excess land and future flexibility
• Excellent Central Location with access and visibility off I-70B
• Opportunity for investment or Owner-Users seeking durable cash flow with optionality
Property Facts
| Price | $1,150,000 | Building Class | B |
| Price Per SF | $130.68 | Lot Size | 1.17 AC |
| Sale Type | Investment | Rentable Building Area | 8,800 SF |
| Cap Rate | 7.60% | No. Stories | 1 |
| Property Type | Flex | Year Built | 1981 |
| Property Subtype | Showroom | ||
| Zoning | PD - Planned Development | ||
| Price | $1,150,000 |
| Price Per SF | $130.68 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.17 AC |
| Rentable Building Area | 8,800 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Zoning | PD - Planned Development |
Amenities
- Fenced Lot
- Reception
- Breakroom
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Property Taxes
| Parcel Number | 2943-093-53-037 | Improvements Assessment | $153,300 |
| Land Assessment | $50,780 | Total Assessment | $204,080 |
Property Taxes
Parcel Number
2943-093-53-037
Land Assessment
$50,780
Improvements Assessment
$153,300
Total Assessment
$204,080
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507 Fruitvale Ct
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