Flex Building with Overhead
For Sale
$1,950,000
Pending
1015 W 2nd Street, Rifle, CO 81650
CommercialSale, Rifle, CO
Property Size9,789 SF
Lot Size1.75 Acres
Days on Market90
Property Features for 1015 W 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Incorp City/Town
Directions
From I-70, take Rifle (Exit 90) toward Colorado Hwy 13 toward Rifle/Meeker. Continue on I-70 BL. Take Centennial Pkwy to Access Rd. Property will be on the right.
Subdivision
Rifle
Standard status
Pending
Lot size
1.75 Acres
Taxes and HOA fees
Tax Annual Amount
18440
Amenities
security system
Listing Agency:
COLDWELL BANKER DISTINCTIVE PROPERTIES
(970) 243-0456
Listed By:
Watkins Chelsea · License #FA100102703
(970) 712-0681
Added: May 25
Changed: Aug 21
Last Checked: Aug 22 at 9:06AM
MLS# 20262467
Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,789-square-foot flex property occupies 1.75 acres and combines commercial, service, storage, and light industrial functionality. The building includes three overhead doors, 3-phase electrical service, and an upper mezzanine that adds storage capacity. Recent capital improvements include a new roof, HVAC system, and interior and exterior paint, along with a security system.
The property is located at 1015 W 2nd Street in Rifle, Colorado. Its frontage and accessible setting support exposure for automotive retail, showroom, service, warehouse, or light industrial operations. The sizable lot provides room for parking, equipment, and inventory.
The property is located at 1015 W 2nd Street in Rifle, Colorado. Its frontage and accessible setting support exposure for automotive retail, showroom, service, warehouse, or light industrial operations. The sizable lot provides room for parking, equipment, and inventory.
Key Highlights
- 9,789‑square‑foot building on 1.75 acres
- Three overhead doors and 3‑phase electrical service
- Upper mezzanine provides additional storage space
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
$118,408
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
6.07%
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%
$2,368,160
$2.4M
Cap Rate 7%
$1,691,543
$1.7M
Cap Rate 9%
$1,315,644
$1.3M
Market Conditions
NOI Build-Up for 9,789 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
$176.2K $18.00/SF
− Vacancy
−$7.0K −$0.72/SF
EGI
$169.2K $17.28/SF
− OpEx
−$50.7K −$5.18/SF
NOI
$118.4K $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%
$2,368,160
Cap Rate 7%
$1,691,543
Cap Rate 9%
$1,315,644
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,408 @ 7.0% cap · market cap 6.07%
Second Best
Flex RnD
$1.40M
$1.22M – $1.63M
NOI $97,798 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,454 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81650, CO
14,336
Population
5,088
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
1,022.7 sq mi
ZIP Area
14
Density / Sq Mi
$81,506
Median Household Income
$41,982
Median Earnings
$1,236
Median Rent
$397,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial facility with mezzanine storage, service access, and three-phase electrical.
Where is this flex space located?
The property is located at 1015 W 2nd Street Rifle, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 9,789‑square‑foot building on 1.75 acres; Three overhead doors and 3‑phase electrical service; Upper mezzanine provides additional storage space
