Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40 Market Street Glenwood Springs, CO 81601

    View on Map
    Claim this Listing
    For Lease
    $29 SF/Yr

    COMMERCIAL - Glenwood Springs, CO

    Property size:
    1,446 SF
    Added:
    Feb 20, 2024
    Days on Market:
    794
    Last Refresh:
    Apr 24 at 6:06 pm

    Property Features for 40 Market Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    M-2
    Standard status
    Active
    APN
    218508138005
    Size
    1,446 SF

    Utilities

    Water source
    Public

    Building Details

    Building materials
    Steel Frame, Brick
    Roof type
    Membrane

    We can help!

    Listing Contact
    Alex Margulies
    Alex Margulies

    Listing agent Alex Margulies License #100099491

    Listing office Compass Aspen 625 E Hyman Ave. #104, Aspen, CO

    Listing date Feb 20, 2024

    MLS# 189176

    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.

    Overview

    Glenwood Springs Commercial Space Available

    This 1446 square foot commercial space is located in Glenwood Meadows. Previously a dental office, the space is now available for lease. The property features a spacious reception area with natural light and modern finishes, private patient rooms, and a restroom. The location is in the Glenwood Meadows shopping center, near retailers, restaurants, and entertainment. It offers access to Highway 82 and I-70, with parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Willits Veterinary Hospital - Glenwood Springs — 300 Wulfsohn Rd Suite 180, Glenwood Springs, CO 81601
    • Gentle Friends Veterinary Hospital — 51773 Hwy 6, Glenwood Springs, CO 81601

    Map

    City
    Glenwood Springs
    County
    Garfield
    State
    Colorado
    Longitude
    -107.29
    Latitude
    39.6119

    Nearby Similar for Lease

    • $29 SF/Yr

      Renovated Commercial Building on Grand

      Renovated commercial building in downtown Glenwood Springs with parking.
      818 Grand Avenue, Glenwood Springs, CO 81601
      View Details
    • $26 SF/Yr

      Glenwood Springs Shop/Warehouse on Highway

      2,800 SF shop/warehouse with high visibility on Highway 82.
      2510 S Glen Avenue, Glenwood Springs, CO 81601
      View Details
    • $23 SF/Yr

      Glenwood Springs Office Space

      Move-in ready office space in West Glenwood Springs.
      226 Center Drive, Glenwood Springs, CO 81601
      View Details
    • $29 SF/Yr

      Commercial Land in Glenwood Springs

      Commercial land available for rent in Glenwood Springs, Colorado.
      35 Market Street, Glenwood Springs, CO 81601
      View Details
    • $29 SF/Yr

      Glenwood Springs Retail Opportunity

      Turnkey retail space in high-traffic Glenwood Springs location.
      35 Market Street, Glenwood Springs, CO 81601
      View Details
    • Contact for pricing

      Glenwood Meadows Commercial Space

      Versatile 1446 SF commercial space in Glenwood Meadows.
      40 Market St, Glenwood Springs, CO 81601
      View Details
    • Contact for pricing

      Turnkey Salon Space Available

      Salon/Day Spa space in Glenwood Springs' busiest location.
      35 Market St, Glenwood Springs, CO 81601
      View Details
    • Contact for pricing

      Retail Space with Highway Visibility

      Retail spaces available with excellent highway visibility and access.
      51027 Hwy 6, Glenwood Springs, CO 81601
      View Details
    • Contact for pricing

      Glenwood Springs Retail Space Available

      Rare retail opportunity in the Roaring Fork Valley.
      2001 Grand Ave, Glenwood Springs, CO
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Versatile 1446 SF commercial space in Glenwood Meadows.
    Where is this medical office space located?
    The property is located at 40 Market Street Glenwood Springs, CO.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the high‑traffic Glenwood Meadows shopping center, offering excellent visibility and proximity to major retailers, restaurants, and entertainment.; Versatile 1446 sq ft commercial space suitable for various business needs, previously a functional dental office.; Convenient accessibility with easy access to Highway 82 and I‑70, plus ample parking for customers and staff.
    (201) 264-9104
    We can help!
    Listing Contact
    Alex Margulies
    Alex Margulies
    Real Estate License ID: 100099491
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!