383 Indian RdGrand Junction, CO 81501

Property Details for 383 Indian Rd

Year built

2005

Construction

STEEL FRAME

Lot size

0.27 AC

Property size (Sq ft)

3,456 SF

Zone code

I-1

Property type

Flex space

APN

2945-241-49-002

APU

294524149002

Description

Exceptional investment opportunity in Grand Junction, Colorado. This 3,481 square foot flex space boasts a 5.49% cap rate and a strong net operating income of $32,922. The property, located at 383 Indian Road, sits on a 0.27-acre lot and features a versatile layout including 2,700 square feet of warehouse space, 300 square feet of office space, and a 481 square foot mezzanine. Amenities include two bathrooms, a washer room, two 14-foot overhead doors, central air conditioning and forced-air heating, pole signage, a fenced side yard, and five parking spaces (one ADA compliant). Currently vacant, this single-story, 2005-built building is zoned I-1, allowing for a wide range of uses, including assembly, vocational/trade schools, medical/dental clinics, animal hospitals, breweries/distilleries, food service, office, retail, vehicle repair, industrial manufacturing, storage, and more. The property is offered at $600,000 as an absolute NNN lease investment. Seller financing and down payment assistance are available. The APN is 2945-241-00-016. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,400,330

  6.5%

  $1,292,620

  7%

  $1,200,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,125,300

  Geo Method

  $456,856

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $665,885

  Mixed-Use / Specialty

  $665,904

  Hospitality / Lodging

  $491,669

  Office

  $664,442

  Institutional / Educational

  $693,128

  Residential Income

  $810,959

  Multifamily

  $959,351

  Automotive / Energy

  $594,109

  Parking / Income-Based Land

  $202,655

  Restaurant / Food Service

  $351,451

  Healthcare / Senior Housing

  $680,418

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0603

Longitude

-108.542

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].