Retail Suite With Mountain
For Sale
$1,250,000
100 Midland Avenue 230, Glenwood Springs, CO 81601
Flexible commercial space includes open work areas, private offices, restrooms, and shared customer parking.
Property Size3,700 SF
Price / SF$337.84
Days on Market36
Property Features for 100 Midland Avenue 230
General Information
Standard status
Active
Size
3,700 SF
Additional Details
Highway Access
Yes
Amenities
large open areas
huge windows
natural light
mountain views
soaring ceilings
private offices
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 26
Changed: Aug 30
Last Checked: Aug 30 at 1:47PM
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 retail suite offers nearly 3,700 square feet arranged around three expansive open areas, two private offices, and two restrooms. Large windows bring daylight into the space, while high ceilings and mountain views add visual character. The layout can support its current configuration or be adapted for a different retail concept.
The property is located at 100 Midland Avenue in West Glenwood, across from Glenwood Meadows and near the I-70 ramp. Its position provides convenient eastbound and westbound access, as well as a route toward Aspen, and places the unit within the Midland Center alongside neighboring businesses. Common parking is positioned directly in front of the space for employees and customers.
The neighboring 5,560-square-foot space may also be purchased with this unit, creating a combined 9,255 square feet of commercial area.
The property is located at 100 Midland Avenue in West Glenwood, across from Glenwood Meadows and near the I-70 ramp. Its position provides convenient eastbound and westbound access, as well as a route toward Aspen, and places the unit within the Midland Center alongside neighboring businesses. Common parking is positioned directly in front of the space for employees and customers.
The neighboring 5,560-square-foot space may also be purchased with this unit, creating a combined 9,255 square feet of commercial area.
Key Highlights
- Nearly 3,700 square feet of retail space
- Three large open areas with high ceilings and large windows
- Two private offices 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
$44,755
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
3.58%
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%
$895,100
$895.1K
Cap Rate 7%
$639,357
$639.4K
Cap Rate 9%
$497,278
$497.3K
Market Conditions
NOI Build-Up for 3,700 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
$66.6K $18.00/SF
− Vacancy
−$2.7K −$0.72/SF
EGI
$63.9K $17.28/SF
− OpEx
−$19.2K −$5.18/SF
NOI
$44.8K $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%
$895,100
Cap Rate 7%
$639,357
Cap Rate 9%
$497,278
Alternative Uses
Best Use
Retail
$639.4K
$559.4K – $745.9K
NOI $44,755 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$969.0K
$847.9K – $1.13M
NOI $67,829 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 includes open work areas, private offices, restrooms, and shared customer parking.
Where is this retail space located?
The property is located at 100 Midland Avenue 230 Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Nearly 3,700 square feet of retail space; Three large open areas with high ceilings and large windows; Two private offices and two restrooms
