Office Condo with Open
104-450 West Ave, Rifle, CO
For Sale
$335,000
The layout combines open office space with two private rooms, a kitchenette, and a bathroom.
Property Size1,438 SF
Price / SF$232.96
Days on Market16
Property Features for 104-450 West Ave
General Information
Standard status
Size
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
Coldwell Banker Mason Morse-GWS
(970) 928-9000
Listed By:
Joy White
(970) 366-9636
Source:
Exprealty
Added: Oct 30
Changed: Nov 14
Last Checked: Nov 14 at 2:20PM
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 Coldwell Banker Mason Morse-GWS
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 1,438-square-foot office condominium is configured with a generous entry, open work area, two private offices or conference rooms, a bathroom, and a kitchenette. Freestanding cubicles and office furniture may be included with an acceptable offer.
The corner unit is on West Ave. in Rifle, near the city park and downtown eateries. Street parking is available along the street.
The corner unit is on West Ave. in Rifle, near the city park and downtown eateries. Street parking is available along the street.
Key Highlights
- 1,438‑square‑foot office condominium
- Corner unit on West Ave. in Rifle
- Open office area and spacious entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,368
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,360
$407.4K
Cap Rate 7%
$290,971
$291.0K
Cap Rate 9%
$226,311
$226.3K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$31.6K $21.96/SF
− Vacancy
−$4.4K −$3.07/SF
EGI
$27.2K $18.89/SF
− OpEx
−$6.8K −$4.72/SF
NOI
$20.4K $14.16/SF
Area
Garfield County, CO
Vacancy
14.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,360
Cap Rate 7%
$290,971
Cap Rate 9%
$226,311
Alternative Uses
Best Use
Office B
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.6K
$329.5K – $439.4K
NOI $26,362 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
Business Placement
Market
Average Price Trend$/SF for Office Units in Garfield County, CO
Properties on Market for Office Units in Garfield County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The layout combines open office space with two private rooms, a kitchenette, and a bathroom.
Where is this office unit located?
The property is located at 104-450 West Ave Rifle, CO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,438‑square‑foot office condominium; Corner unit on West Ave. in Rifle; Open office area and spacious entry
