Retail Space with
For Sale
$1,650,000
100 Midland Avenue 250 & 260, Glenwood Springs, CO 81601
Flexible commercial space offers open display areas, natural light, private rooms, and customer parking.
Property Size5,560 SF
Price / SF$296.76
Days on Market34
Property Features for 100 Midland Avenue 250 & 260
General Information
Standard status
Active
Size
5,560 SF
Additional Details
Highway Access
Yes
Amenities
huge windows
natural light
mountain views
soaring ceilings
mezzanine
private rooms
welcome desk
restrooms
common parking
Listing Agency:
Aspen Snowmass Sotheby's International Realty - Glenwood Springs
(970) 948-6926
Listed By:
Sean de Moraes · License #FA40045629
(970) 948-6926
Source:
Aspenexperts
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 29 at 9:24AM
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
Investment Insights
Based on property information with market context.
This 5,560-square-foot retail unit provides two expansive open areas with large windows, abundant daylight, mountain views, and high ceilings. A mezzanine adds private rooms along with a welcome desk and two restrooms, while common parking is available directly outside the space. The layout can be used in its current form or reconfigured for other retail needs.
Positioned in West Glenwood at 100 Midland Avenue, the property is near the I70 ramp and across from Glenwood Meadows. The Midland Center setting includes neighboring businesses and supports convenient access for customers and employees traveling through the Roaring Fork Valley. The adjacent unit, nearly 3,700 square feet, may also be acquired with this space for a combined total of 9,255 square feet.
Positioned in West Glenwood at 100 Midland Avenue, the property is near the I70 ramp and across from Glenwood Meadows. The Midland Center setting includes neighboring businesses and supports convenient access for customers and employees traveling through the Roaring Fork Valley. The adjacent unit, nearly 3,700 square feet, may also be acquired with this space for a combined total of 9,255 square feet.
Key Highlights
- 5,560 square feet of retail space
- Two large open areas with oversized windows and mountain views
- Mezzanine with private rooms, welcome desk, and two restrooms
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
22
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space offers open display areas, natural light, private rooms, and customer parking.
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 oversized windows and mountain views; Mezzanine with private rooms, welcome desk, and two restrooms
