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

    625 Airport Rd Glenwood Springs, CO 81601

    Sponsored
    For Sale
    $3,400,000

    COMMERCIAL - Glenwood Springs, CO

    Property size:
    5,600 SF
    Lot size:
    2.29 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 1 at 9:06 am

    Property Features for 625 Airport Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    Commercial
    APN
    218527100054
    Size
    5,600 SF
    Lot size
    2.29 Acres

    Utilities

    Water source
    Well

    Building Details

    Year built
    2018
    Floors in Building
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Luis Arreola

    Property Professionals (970) 625-2255

    Listing agent Luis Arreola (970) 361-8640

    Listing date Feb 28, 2026

    MLS# 191841

    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.

    Learn more

    Property Insight Report

    Overview

    Glenwood Springs Commercial Opportunity

    This commercial building, located south of Glenwood Springs on Airport Road, presents a rare opportunity for business ventures. The location will benefit from increased visibility with the upcoming South Bridge Road, providing closer access to Aspen, CO. The building features 5,600 square feet of warehouse space on the bottom level and office space on the top. Approved for use as an event center, it addresses a need in Glenwood Springs, making it a valuable addition to an investor's portfolio or a source of additional income for potential buyers. The property has also been approved for a third floor, with included architectural plans to potentially increase value. Currently, the building includes 10 private offices, 2 conference rooms, a hospitality suite, a kitchenette, and a gym. It also offers views and is equipped with 3 overhead doors and ample parking for equipment, fleet, or inventory storage. The property includes the opportunity to own a Cardiff Coke Oven, a registered historic place. The lot size is 2.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Cardiff Mini Storage, Red Canyon Storage

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood Springs
    County
    Garfield
    State
    Colorado
    Longitude
    -107.309196
    Latitude
    39.502882

    Nearby Similar for Sale

    • $525,000
      1,129 SF

      Glenwood Springs Office Condominium

      Light-filled office space with mountain views and storage unit.
      2520 S Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $675,000
      1,675 SF

      Glenwood Springs Office Condo

      Ground-level office condo with private entrance and parking.
      2520 S Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $815,000
      2,136 SF

      Move-in Ready Office with Mountain Views

      Bright office space in Penrose Plaza, Glenwood Springs.
      2520 S Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $4,599,000
      10,000 SF

      Historic Mixed-Use Building For Sale

      Historic downtown Glenwood Springs mixed-use property with retail and apartments.
      725 Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $5,500,000
      Pending

      Historic Glenwood Springs Landmark Building

      Four-story landmark building with development lot in prime location.
      801 Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $250,000
      2,388 SF

      Glenwood Springs Commercial Business Opportunity

      Turn-key business opportunity with lease in place until 2028.
      Glenwood Springs, CO 81601
      View Details
    • $975,000
      4,775 SF

      Glenwood Springs Commercial Opportunity

      Prime real estate with existing business and apartment potential.
      820 Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $1,350,000
      3,807 SF

      Glenwood Springs Income Property

      Rare downtown Glenwood Springs income property with endless potential.
      1015 Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $1,350,000
      3,807 SF

      Glenwood Springs Income Property

      Rare downtown Glenwood Springs income property with endless potential.
      Glenwood Springs, CO 81601
      View Details
    • $499,999

      Glenwood Springs Commercial Space

      Remodeled commercial space suitable for retail, office, or studio.
      401 23Rd St, Glenwood Springs, CO 81601
      View Details
    • $400,000

      Established Coffee Shop Business Opportunity

      Thriving coffee shop business for sale in Glenwood Springs.
      725 Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $2,075,000

      Prime Commercial Real Estate

      High visibility property in dynamic location with stable tenants.
      1338 Grand Ave, Glenwood Springs, CO 81601
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile commercial building with warehouse, office, and event center potential.
    Where is this warehouse located?
    The property is located at 625 Airport Rd Glenwood Springs, CO.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Approved for event center use, addressing a need in Glenwood Springs.; - Strategic location south of Glenwood Springs on Airport Road, near the future South Bridge Road, improving access to Aspen and increasing visibility.; - Approved for a third-floor addition with included architectural plans, allowing for expansion and increased value.
    (970) 361-8640
    Request Owner's contact information
    625 Airport Rd Glenwood Springs, CO 81601
    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.
    625 Airport Rd
    Glenwood Springs, CO 81601
    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
    625 Airport Rd Glenwood Springs, CO 81601
    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

    We can help!
    Listing Contact
    Luis Arreola
    (970) 361-8640
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!