604 25 RdGrand Junction, CO 81505

Property Details for 604 25 Rd

Year built

1981

Construction

STEEL FRAME

Lot size

0.98 AC

Property size (Sq ft)

11,034 SF

Zone code

I-O

Property type

Office properties

Property subtype

Office buildings

APN

2945-033-07-027

APU

294503307027

Description

This exceptional 5,000-square-foot executive office space is ideally situated in Grand Junction, Colorado, at the corner of 25 Road and Patterson Road, a major east-west thoroughfare leading to Mesa Mall. Located on the main level of a landmark building, this single-tenant space boasts an attractive finish and benefits from abundant natural light due to its excellent southern exposure, contributing to a passive solar design. The building is in excellent condition. Parking is shared with a medical tenant on the lower level. This presents a unique opportunity for businesses seeking a prominent location with high visibility. The space is immediately available. For businesses requiring more space, an additional 5,000 square feet on the lower level may be available, bringing the total leasable area to 10,000 square feet. The property is in the NW Grand Junction submarket, specifically the Patterson Road cluster, and has the zip code 81505. This listing is for the main level office space only, unless otherwise negotiated. The property is classified as both Executive Office and Medical Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,027,778

  6.5%

  $1,871,795

  7%

  $1,738,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,245,481

  Geo Method

  $911,629

• Alternative Use

  Use

  Valuation

  Residential

  $2,321,026

  Hospitality

  $2,126,048

  Educational

  $1,768,846

  Medical

  $1,829,680

  Retail

  $2,751,539

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0923

Longitude

-108.589

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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