2275 Logos CtGrand Junction, CO 81505

Property Details for 2275 Logos Ct

Year built

2000

Construction

STEEL FRAME

Lot size

3.03 AC

Property size (Sq ft)

15,022 SF

Zone code

I-2

Property type

Flex space

APN

2701-314-02-003

APU

270131402003

Description

This exceptional Grand Junction office property, located at 2275 Logos Ct, Unit B (cross streets: 23 ½ & Logos Court), offers five meticulously renovated office spaces for lease. The building, constructed in 2000, is a Class B, two-story structure encompassing 15,022 square feet situated on a 3-acre lot. Currently, only 144 square feet are vacant, with the available spaces ranging from 108 to 144 square feet. The property features separate men's and women's restrooms on each floor, along with individual thermostat controls for climate customization. A shared first-floor breakroom provides convenience, equipped with cabinetry, a sink, refrigerator, microwave, and seating for six. The building is zoned I-1 and is located in Mesa County, Colorado, zip code 81505. The lease is a gross lease, with internet and phone services not included. This well-maintained property presents a fantastic opportunity for small businesses seeking efficient and attractive office space in a desirable Grand Junction location. No elevators are present in this building.

• CAP approach

  CAP return

  Valuation

  6%

  $6,086,750

  6.5%

  $5,618,540

  7%

  $5,217,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,891,300

  Geo Method

  $1,985,790

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,894,360

  Mixed-Use / Specialty

  $2,894,450

  Hospitality / Lodging

  $2,137,110

  Office

  $2,888,090

  Institutional / Educational

  $3,012,780

  Residential Income

  $3,524,950

  Multifamily

  $4,169,960

  Automotive / Energy

  $2,582,380

  Parking / Income-Based Land

  $880,869

  Restaurant / Food Service

  $1,527,630

  Healthcare / Senior Housing

  $2,957,530

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.1103

Longitude

-108.631

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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