Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Parachute Park Boulevard Parachute, CO 81635

    View on Map
    Claim this Listing
    Picture of Commercial land at Parachute Park Boulevard, Parachute, CO
    Pending
    $685,680

    COMMERCIAL - Parachute, CO

    Lot size:
    1.98 Acres
    Added:
    Jul 14, 2017
    Days on Market:
    3220
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for Parachute Park Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Standard status
    Pending
    APN
    240912301003
    Lot size
    1.98 Acres

    Taxes and HOA fees

    Tax Year
    2016
    Tax Description
    Section: 12 Township: 7 Range: 96 Subdivision: PARACHUTE PARK P.U.D. Block: 2 Lot: 3 AMENDED LOTS 1-3, 6-10, BLOCK 2 & L
    Tax Annual Amount
    1600

    We can help!

    Listing Contact
    Delbert E Dawson

    Listing agent Delbert E Dawson

    Listing office Perrin Elite Properties 103 1st Street, New Castle, CO

    Listing date Jul 14, 2017

    MLS# 150022 Listing URL

    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.

    HighLights

    • Fully developed lots ready for commercial/industrial use.
    • All utilities are ready for use.
    • Marijuana businesses are welcome.
    • Located in a subdivision.
    • Encana office building is located in the subdivision.
    • Location coordinates provided.

    Overview

    Parachute Commercial/Industrial Land Available

    This 1.98-acre property in Parachute, Colorado, is zoned for industrial use and is suitable for commercial and industrial development. The lots are fully developed with all utilities ready for use. Marijuana businesses are welcome. The Encana office building is located in the subdivision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.060517
    Latitude
    39.450257

    Nearby Similar for Sale

    • $699,000
      1,700 SF

      Updated Commercial Property in Parachute

      Remodeled commercial property with income potential in downtown Parachute, CO.
      258 S Railroad Avenue, Parachute, CO 81635
      View Details
    • $325,000
      1,245 SF

      Historic Commercial Building - Remodeled

      Remodeled 1906 commercial building with original architectural features.
      103 1st Street, Parachute, CO 81635
      View Details
    • $350,000

      Expansive Land Parcel in Parachute

      6.70 acres of flat land with mountain views.
      Stone Quarry Road, Parachute, CO 81635
      View Details
    • $624,000

      23.18 Acres Vacant Land Opportunity

      23.18-acre vacant lot near Colorado River, great investment opportunity.
      TBD TBD, Parachute, CO 81635
      View Details
    • $135,000

      Commercial Lot on Main Street

      Prime commercial lot in Parachute, Colorado, with high visibility.
      136 E 1st Street, Parachute, CO 81635
      View Details
    • $1,000,000

      Parachute, CO Commercial Land

      Almost 4 acres with I-70 access and visibility.
      Cardinal Way, Parachute, CO 81635
      View Details
    • $799,000

      Colorado River Frontage Acreage

      70+ acre riverfront property with mountain views near Parachute.
      Tbd#1 & 2 Cr 300 (Stone Quarry Road), Parachute, CO 81635
      View Details
    • $255,000

      Parachute Industrial Land For Sale

      1.38 acre industrial land with easy interstate access.
      TBD 2 Mosher Avenue, Parachute, CO 81635
      View Details
    • $120,000

      Land with Golf Course Views

      Residential lot with 360-degree views, ideal for building.
      18 Rampart Place, Parachute, CO 81635
      View Details
    • $1,200,000

      23 Acres Development Opportunity

      Prime land parcel in Parachute, Colorado, for mixed-use development.
      County Rd 301, Parachute, CO 81635
      View Details
    • $165,000

      Residential Land with Mountain Views

      Large lot in The Reserve with paid water/sewer tap.
      Parachute, CO 81635
      View Details
    • $120,000

      Golf Course Lot For Sale

      Vacant lot on a scenic Colorado golf course.
      143 Boulder Ridge Drive, Parachute, CO 81653
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.98 acre commercial and industrial land for sale.
    Where is this commercial land located?
    The property is located at Parachute Park Boulevard Parachute, CO.
    What is the asking price?
    The asking price for this property is $685,680.
    What are key features of this property?
    This property features: Fully developed lots ready for commercial/industrial use.; All utilities are ready for use.; Marijuana businesses are welcome.
    (970) 379-4002
    We can help!
    Listing Contact
    Delbert E Dawson
    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

    Thank You for Inquiry
    Parachute Park Boulevard, Parachute, CO 81635
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!