Add Listing
    For Sale
    • 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

    Tract 1 Whiteriver Avenue Rifle, CO 81650

    View on Map
    Picture of Land at Tract 1 Whiteriver Avenue, Rifle, CO
    For Sale
    Under Contract
    $1,700,000

    LAND - Rifle, CO

    Lot size:
    20.75 Acres
    Added:
    Apr 21, 2025
    Days on Market:
    348
    Last Refresh:
    Apr 3 at 11:06 am

    Property Features for Tract 1 Whiteriver Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Medium Density PUD
    Standard status
    Active Under Contract
    APN
    217709100016
    Lot size
    20.75 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Section: 9 Township: 6 Range: 93 TRACT 1, HABLUTZEL EXEMPTION, AS PER AMENDED LOT LINE ADJUSTMENT PLAT RECEPTION NO. 969927 21.364 ACRES
    Tax Annual Amount
    10636

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Wayne Pollard

    Listing agent Wayne Pollard License #FA842775

    Listing office Property Professionals 1430 Railroad Ave Unit A, Silt, CO

    Listing date Apr 21, 2025

    MLS# 187831

    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

    Residential Development Land in Rifle

    This 20.75-acre residential development site is located in Rifle, Colorado. The property is zoned for Medium Density PUD. A sketch for 136 multi-family units is available, and approximately 95% of the engineering work has been completed for preliminary approval. Single-family density is also a possibility. Soils and traffic studies have been completed but will need to be updated. The property is adjacent to the North Pastures subdivision. Rifle Creek and Government Creek run through the property. Interested parties should contact the City for information on allowable uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Restaurant Auto Repair Shop Hair Salon Auto Parts Store Spa & Massage Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rifle
    County
    Garfield
    State
    Colorado
    Longitude
    -108.136
    Latitude
    39.7934

    Nearby Similar for Sale

    • $699,000
      2,538 SF

      Rifle Commercial Restaurant Building For Sale

      Downtown Rifle commercial building, ideal for owner-operator or investment.
      119 W 3rd Street, Rifle, CO 81650
      View Details
    • $350,000
      1,438 SF

      Furnished Commercial Space in Rifle

      Move-in ready, furnished commercial office suite in downtown Rifle, Colorado.
      450 West Avenue unit: 104, Rifle, CO 81650
      View Details
    • $4,750,000
      27,461 SF

      Rifle Commercial Building with Cold Storage

      27,461 SF building with cold storage on 2.39 acres.
      2127 Airport Road, Rifle, CO 81650
      View Details
    • $2,400,000
      23,548 SF

      Rifle Commercial/Industrial Opportunity

      4.5-acre commercial property with 23,548 SF industrial building in Rifle.
      2195 S 10th Street, Rifle, CO 81650
      View Details
    • $410,000
      1,468 SF

      Rifle Mixed-Use Corner Lot

      Mixed-use property with remodeling potential in a prime location.
      758 Railroad Avenue, Rifle, CO 81650
      View Details
    • $225,000
      1,065 SF

      Adaptable Office Space in Rifle

      Open-concept office space with high visibility in Rifle, Colorado.
      450 West Avenue unit: 202, Rifle, CO 81650
      View Details
    • $600,000

      Rifle Land Development Opportunity

      Raw land in North Rifle with development potential.
      Phase 2 Rifle Creek, Rifle, CO 81650
      View Details
    • $2,745,000

      Rifle Light Industrial Land

      64.64 acres of light industrial land near Airport Road.
      Blacktail Drive, Rifle, CO 81650
      View Details
    • $2,600,000

      Rifle Multifamily Development Opportunity

      Approved multifamily development with utilities and constructed units included.
      Rifle, CO 81650
      View Details
    • $3,595,000

      Rifle Commercial NNN Investment Property

      New warehouse investment property with 6% cap rate.
      1944 Airport Road, Rifle, CO 81650-0000
      View Details
    • $1,480,000

      Land with Development Potential

      Land in Rifle, CO with development potential.
      Phase 1B TBD Creekside Drive, Rifle, CO 81650
      View Details
    • $2,900,000

      Rifle, CO Development Parcel

      9 AC commercial development parcel near Walmart in Rifle, CO.
      756 Airport Road unit: 9 Ac, Rifle, CO 81650
      View Details

    FAQs

    What type of property is this?
    Land - Premier residential development site in Rifle, Colorado.
    Where is this land located?
    The property is located at Tract 1 Whiteriver Avenue Rifle, CO.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Multi‑family development site with sketch for **136 units**.; Approximately 95% of engineering completed for preliminary approval.; Single family density development is possible.
    (970) 379-2506
    We can help!
    Listing Contact
    Wayne Pollard
    Real Estate License ID: FA842775
    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!