Retail Space with
For Sale
$1,650,000
100 Midland Avenue, Glenwood Springs, CO 81601
Retail unit features two large open areas, expansive windows, and a mezzanine with private rooms and restrooms.
Property Size5,560 SF
Price / SF$296.76
Days on Market510
Property Features for 100 Midland Avenue
General Information
Standard status
Active
Size
5,560 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Amenities
3
Building Details
Year Built
2005
Listing Agency:
Aspen Snowmass Sotheby's International Realty
(970) 948-6926
Listed By:
Glenwood Springs · License #0588934
(970) 948-6926
Source:
Xome
Added: Mar 17, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:07AM
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
Investment Insights
Based on property information with market context.
This retail space offers 5,560 square feet configured with two large open areas supported by expansive windows and soaring ceilings. A mezzanine level includes private rooms, a welcome desk, and two restrooms, providing additional interior space beyond the main sales floor.
The unit is situated in West Glenwood near the I-70 ramp, with access to parking directly in front of the space. The property is located within the Midland Center.
This unit is also described as available for purchase in conjunction with a neighboring retail space of nearly 3,700 square feet, which would allow for a combined total of 9,255 square feet if desired. The remarks further note the option to construct a demising wall between the two units.
The unit is situated in West Glenwood near the I-70 ramp, with access to parking directly in front of the space. The property is located within the Midland Center.
This unit is also described as available for purchase in conjunction with a neighboring retail space of nearly 3,700 square feet, which would allow for a combined total of 9,255 square feet if desired. The remarks further note the option to construct a demising wall between the two units.
Key Highlights
- 5,560 SF retail space with two large open areas and expansive windows for natural light
- Includes a mezzanine with private rooms and a welcome desk
- Has 2 restrooms for customer and employee use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,254
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 40%
Hotels & Casinos 4%
Kum & Go
Shops & Services
26,122 visits/mo
0.3 miles
Arby's
Dining
21,749 visits/mo
0.4 miles
Culver's
Dining
13,457 visits/mo
0.3 miles
Conoco
Shops & Services
6,001 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,620 visits/mo
0.3 miles
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail unit features two large open areas, expansive windows, and a mezzanine with private rooms and restrooms.
Where is this retail space located?
The property is located at 100 Midland Avenue 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 SF retail space with two large open areas and expansive windows for natural light; Includes a mezzanine with private rooms and a welcome desk; Has 2 restrooms for customer and employee use
