Retail Space with
New
For Sale
$1,650,000
100 Midland Avenue #250 & 260, Glenwood Springs, CO 81601
Flexible commercial interiors include open areas, private rooms, and shared parking for employees and customers.
Property Size5,560 SF
Price / SF$296.76
Days on Market3
Property Features for 100 Midland Avenue #250 & 260
General Information
Standard status
Active
Size
5,560 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,308
Amenities
mezzanine
private rooms
welcome desk
common parking
Building Details
Building Size
5,560 SF
Year Built
2005
Listing Agency:
Aspen Snowmass Sotheby's International Realty - Glenwood Springs
(970) 366-3511
Listed By:
Sean de Moraes · License #FA40045629
(970) 948-6926
Source:
Frontierhomeandranch
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aspen Snowmass Sotheby's International Realty - Glenwood Springs
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Investment Insights
Based on property information with market context.
This 5,560-square-foot retail space features two expansive open areas with large windows and high ceilings. A mezzanine adds private rooms and a welcome desk, while two restrooms serve the space. The layout can remain open or be adapted to suit a business’s needs. The building dates to 2005, and common parking is available immediately outside.
In West Glenwood, the property is near the I-70 ramp and across from Glenwood Meadows. The Midland Center is surrounded by neighboring businesses, which contribute to activity at the center. Its location provides routes east and west, as well as access toward Aspen.
In West Glenwood, the property is near the I-70 ramp and across from Glenwood Meadows. The Midland Center is surrounded by neighboring businesses, which contribute to activity at the center. Its location provides routes east and west, as well as access toward Aspen.
Key Highlights
- 5,560 square feet of retail space
- Two large open areas with generous window frontage and high ceilings
- Mezzanine with private rooms and a welcome desk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,254
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,080
$1.3M
Cap Rate 7%
$960,771
$960.8K
Cap Rate 9%
$747,267
$747.3K
Market Conditions
NOI Build-Up for 5,560 SF
Gross rent
$100.1K $18.00/SF
− Vacancy
−$4.0K −$0.72/SF
EGI
$96.1K $17.28/SF
− OpEx
−$28.8K −$5.18/SF
NOI
$67.3K $12.10/SF
Area
Garfield County, CO
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,080
Cap Rate 7%
$960,771
Cap Rate 9%
$747,267
Alternative Uses
Best Use
Retail
$960.8K
$840.7K – $1.12M
NOI $67,254 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,927 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 81601, CO
16,484
Population
6,491
Households
2.5
Avg Household Size
38
Median Age
41%
College-Educated
88%
High-School Grad
367.6 sq mi
ZIP Area
45
Density / Sq Mi
$103,632
Median Household Income
$45,271
Median Earnings
$1,812
Median Rent
$726,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial interiors include open areas, private rooms, and shared parking for employees and customers.
Where is this retail space located?
The property is located at 100 Midland Avenue #250 & 260 Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,560 square feet of retail space; Two large open areas with generous window frontage and high ceilings; Mezzanine with private rooms and a welcome desk
