2515 Foresight CirGrand Junction, CO 81505

Property Details for 2515 Foresight Cir

Year built

1978

Construction

STEEL FRAME

Lot size

1.73 AC

Property size (Sq ft)

40,021 SF

Zone code

I-O

Property type

Healthcare properties

Property subtype

Medical offices

APN

2945-033-07-021

APU

294503307021

Description

This exceptional Grand Junction, CO medical office building at 2515 Foresight Circle offers a prime opportunity for medical or professional tenants. The property, situated on a 1.75-acre lot, boasts a total of 33,982 square feet across two stories, built in 1978 and extensively renovated in 2021. Multiple tenancy options are available, with a minimum divisible space of 1,888 square feet and a maximum contiguous space of 2,598 square feet. Currently, 4,486 square feet is vacant and ready for immediate occupancy. The building features ample parking with 50 spaces and benefits from 3-phase power. The I-O zoning allows for a variety of uses. The property's APN is 2945-033-07-021, located in Mesa County, CO, zip code 81505. A former gym space on the first floor presents unique possibilities for adaptive reuse, potentially suitable for a restaurant, medical practice, or other professional office. The space is currently listed as a vanilla shell unit, with tenant improvement allowances available. This is an excellent opportunity to secure modern, well-maintained office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,354,877

  6.5%

  $6,789,117

  7%

  $6,304,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,144,498

  Geo Method

  $3,306,535

• Alternative Use

  Use

  Valuation

  Residential

  $8,418,505

  Hospitality

  $7,711,306

  Educational

  $6,415,716

  Medical

  $6,636,362

  Retail

  $9,980,002

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0925

Longitude

-108.587

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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