Historic Brick Retail
103 1st Street, Parachute, CO 81635
For Sale
$325,000
Commercial Sale, Parachute, CO
Property Size1,245 SF
Lot Size0.14 Acres
Price / SF$261.04
Days on Market345
Property Features for 103 1st Street
General Information
Property type
Property subtype
Zoning
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Perrin Elite Properties · RE/MAX International
(970) 285-1128
Listed By:
Amy L Perrin · License CO FA100073520
(970) 216-8523
Added: Dec 3, 2025
Changed: Oct 8
Last Checked: Nov 12 at 8:06PM
MLS# 190952
Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,245-square-foot retail storefront occupies a brick commercial building constructed in 1906 and remodeled in 2019. The interior includes tall windows, natural light, period details, an original bank vault, and a suspended former cashier station that remains as a distinctive architectural feature. Updated lighting, mechanical systems, finishes, and accessibility improvements support current commercial use. The property also includes a metal roof and public water service.
Positioned at 103 1st Street in Parachute, the building sits on a prominent corner lot with a 3,125-square-foot parcel included in the sale. OTC zoning is in place, and the property’s storefront configuration and preserved architectural elements provide a defined setting for retail or other commercial use.
Positioned at 103 1st Street in Parachute, the building sits on a prominent corner lot with a 3,125-square-foot parcel included in the sale. OTC zoning is in place, and the property’s storefront configuration and preserved architectural elements provide a defined setting for retail or other commercial use.
Key Highlights
- 1,245‑square‑foot storefront in a 1906 brick commercial building
- Remodeled in 2019 with updated lighting, mechanicals, finishes, and accessibility improvements
- Original bank vault retained inside the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,060
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,200
$301.2K
Cap Rate 7%
$215,143
$215.1K
Cap Rate 9%
$167,333
$167.3K
Market Conditions
NOI Build-Up for 1,245 SF
Gross rent
$22.4K $18.00/SF
− Vacancy
−$896 −$0.72/SF
EGI
$21.5K $17.28/SF
− OpEx
−$6.5K −$5.18/SF
NOI
$15.1K $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%
$301,200
Cap Rate 7%
$215,143
Cap Rate 9%
$167,333
Alternative Uses
Best Use
Retail
$215.1K
$188.3K – $251.0K
NOI $15,060 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.1K
$285.3K – $380.4K
NOI $22,824 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Hotels & Casinos 2%
Family Dollar
Shops & Services
3,987 visits/mo
0.1 miles
Shell
Shops & Services
1,992 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,978 visits/mo
0.3 miles
Sinclair
Shops & Services
1,419 visits/mo
0.3 miles
Sinclair
Shops & Services
1,215 visits/mo
0.2 miles
Demographics for 81635, CO
7,185
Population
3,066
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
89%
High-School Grad
331.5 sq mi
ZIP Area
22
Density / Sq Mi
$68,865
Median Household Income
$41,082
Median Earnings
$998
Median Rent
$251,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Remodeled in 2019, the corner property retains an original bank vault and distinctive brick construction.
Where is this storefront property located?
The property is located at 103 1st Street Parachute, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,245‑square‑foot storefront in a 1906 brick commercial building; Remodeled in 2019 with updated lighting, mechanicals, finishes, and accessibility improvements; Original bank vault retained inside the building
