NNN Warehouse with Three
For Sale
$3,067,000
1944 Airport Road, Rifle, CO 81650
CommercialSale, Rifle, CO
Property Size14,088 SF
Lot Size1.46 Acres
Price / SF$217.70
Days on Market55
Property Features for 1944 Airport Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LI PUD
Directions
I-70 to east Rifle exit, south to second round about then east on Airport Road, approximately 1/2 mile to site on your left
Subdivision
Rifle
Standard status
Active
Lot size
1.46 Acres
Taxes and HOA fees
Tax Annual Amount
48503
Listing Agency:
VENTURE GROUP
(970) 892-2200
Listed By:
Kyle Serrano · License #II100075682
(970) 778-0796
Added: Jul 15
Changed: Sep 7
Last Checked: Sep 7 at 8:06PM
MLS# 20253407
Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2023, this 14,000+ SF warehouse is configured as three separate units under NNN leases. Unit A contains 8,144 SF and is leased through 1/1/2028, while Unit B provides 3,000 SF through 7/1/2028 and Unit C provides 2,944 SF through 1/1/2027. The building includes four overhead doors and 3-phase power.
The property occupies 1.46 acres within Rifle Business Park at 1944 Airport Road in Rifle, Colorado. Its location near I-70 provides interstate access, with visibility from the interstate identified in the property information. The asset carries a 7% cap rate and includes a newly constructed warehouse improvement.
The property occupies 1.46 acres within Rifle Business Park at 1944 Airport Road in Rifle, Colorado. Its location near I-70 provides interstate access, with visibility from the interstate identified in the property information. The asset carries a 7% cap rate and includes a newly constructed warehouse improvement.
Key Highlights
- 14,000+ SF warehouse completed in 2023
- Three separate units under NNN leases
- Unit A: 8,144 SF leased through 1/1/2028
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,980,880
$2.0M
Cap Rate 7%
$1,414,914
$1.4M
Cap Rate 9%
$1,100,489
$1.1M
Market Conditions
NOI Build-Up for 14,088 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.8K $9.00/SF
− Vacancy
−$10.3K −$0.73/SF
EGI
$116.5K $8.27/SF
− OpEx
−$17.5K −$1.24/SF
NOI
$99.0K $7.03/SF
Area
Garfield County, CO
Vacancy
8.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,980,880
Cap Rate 7%
$1,414,914
Cap Rate 9%
$1,100,489
Alternative Uses
Best Use
Warehouse
$1.41M
$1.24M – $1.65M
NOI $99,044 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,263 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 81650, CO
14,336
Population
5,088
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
1,022.7 sq mi
ZIP Area
14
Density / Sq Mi
$81,506
Median Household Income
$41,982
Median Earnings
$1,236
Median Rent
$397,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Newly completed industrial space offers separate leases, 3-phase power, and direct interstate access.
Where is this nnn property located?
The property is located at 1944 Airport Road Rifle, CO.
What is the asking price?
The asking price for this property is $3,067,000.
What are key features of this property?
This property features: 14,000+ SF warehouse completed in 2023; Three separate units under NNN leases; Unit A: 8,144 SF leased through 1/1/2028
