Move-in Ready Office with Mountain
2520 S Grand Avenue Glenwood Springs, CO 81601
For Sale
$815,000
COMMERCIAL - Glenwood Springs, CO
Property Size2,136 SF
Price / SF$381.55
Days on Market177
Property Features for 2520 S Grand Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 218516442010
- Size
- 2,136 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Section: 16 Township: 6 Range: 89 DESC: FIRST AMENDED Subdivision: PENROSE PLAZA Unit: 2C STATE EXEMPT #23-01096-15
Building Details
- Year built
- 2002
- Building materials
- Concrete, Block
- Roof type
- Membrane
Listing Agency:
Compass Aspen
(970) 925-6063
Listed By:
Shilo Bartlett · License #FA100069528
(970) 319-0064
Added: Jan 27
Changed: Apr 30
Last Checked: Jul 23 at 5:06PM
MLS# 191509
Copyright © 2026 Aspen Glenwood MLS. 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.
This bright, move-in-ready second-level office condominium in Penrose Plaza offers mountain views and exceptional natural light. The suite features a defined reception area, multiple private office spaces, and several larger rooms suitable for conference, meeting, or collaborative use. Large windows throughout create a bright, productive work environment. Additional features include a kitchenette with built-in cabinetry and sink, and a private restroom with shower. The efficient layout supports a wide range of professional, medical, wellness, and administrative uses. Located on the second level, the unit provides added privacy while still offering convenient access within the building. The property includes two dedicated parking spaces (Units H and I). Positioned along South Grand Avenue, Penrose Plaza offers excellent proximity to downtown Glenwood Springs, Valley View Hospital, Highway 82, and regional amenities. It is ideal for owner-users or investors seeking a high-quality professional office in one of Glenwood Springs' most established commercial corridors. The property size is 2136 square feet and is zoned for commercial use.
Key Highlights
- Move‑in‑ready office with mountain views and exceptional natural light.
- Professional layout featuring a reception area, private offices, and conference‑capable rooms.
- Includes kitchenette and private restroom with shower, plus two dedicated parking spaces.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.9k | $21.96 |
| − Vacancy | −$6.6k | −$3.07 |
| EGI | $40.3k | $18.89 |
| − OpEx | −$10.1k | −$4.72 |
| NOI | $30.3k | $14.16 |
2,136 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$432.2K
$378.2K – $504.3K
NOI $30,255 @ 7.0% cap · market cap 3.71%
Second Best
Healthcare Medical
$376.0K
$329.0K – $438.6K
NOI $26,318 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$559.4K
$489.5K – $652.6K
NOI $39,157 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Bright office space in Penrose Plaza, Glenwood Springs.
Where is this office units located?
The property is located at 2520 S Grand Avenue Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Move‑in‑ready office with mountain views and exceptional natural light.; Professional layout featuring a reception area, private offices, and conference‑capable rooms.; Includes kitchenette and private restroom with shower, plus two dedicated parking spaces.
