365 32 RdGrand Junction, CO 81504

Property Details for 365 32 Rd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

44.03 AC

Property size (Sq ft)

6,336 SF

Zone code

3212

Property type

Office properties

Property subtype

Office buildings

APN

2943-221-15-001

APU

294322115001

Description

This exceptional Grand Junction, CO industrial property, located at 365 32 Rd, offers 114,566 square feet of versatile space across five single-story buildings. The property, zoned industrial, features multiple suites ranging from 7,000 to 26,000 contiguous square feet, ideal for warehouse, manufacturing, flex, distribution, or R&D uses. Built in 2008, the Class B property boasts a 26-foot ceiling height, ample loading capabilities with 2 loading docks, 2 dock-high doors, and 40 drive-in doors. Utilities include 3-phase power and one elevator. The 44-acre site offers 2000 feet of frontage and benefits from its location in an Enterprise Zone and Opportunity Zone, providing potential tax incentives. Conveniently situated near I-70 and US Hwy 50, this property offers excellent access to major transportation routes. The property includes a separate two-story office building. Property taxes are $1.35 per square foot. The APN is 2943-221-15-001. Currently, the entire 114,566 square feet is vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,164,401

  6.5%

  $1,074,832

  7%

  $998,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,289,412

  Geo Method

  $523,480

• Alternative Use

  Use

  Valuation

  Residential

  $1,332,792

  Hospitality

  $1,220,830

  Educational

  $1,015,716

  Medical

  $1,050,648

  Retail

  $1,580,003

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0594

Longitude

-108.462

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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