Retail Space with Stone
1043 N River Road, Palisade, CO 81526
For Sale
Contact for pricing
Retail space near the Colorado River with private office, restrooms, and landscaped seating with fire pit.
Property Size2,190 SF
Price / SF$221.46
Days on Market107
Property Features for 1043 N River Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Highway Access
Amenities
built-in fire pit
landscaped seating area
stone fireplace
built-in cabinetry
granite countertops
private office
storage room
private restrooms
employee break area
Building Details
Year Built
Year Renovated
Stories
Listing Agency:
Venture Group
Listed By:
KYLE SERRANO · License #II 100075682
(970) 778-0796
Source:
Crexi
Added: Jul 23
Changed: Oct 25
Last Checked: Nov 6 at 8:13AM
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 Venture Group
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Investment Insights
Based on property information with market context.
Retail space at 1043 N River Road in Palisade, CO, positioned adjacent to the Colorado River. The property is described as central to Palisade orchards, vineyards, wineries, distilleries, and nearby camping and recreation areas, with approximately 1 mile to downtown and nearby Interstate access.
The interior features a stone fireplace, built-in cabinetry, and granite countertops, along with a private office, storage room, private restrooms, and an employee break area. Exterior arrival amenities include a built-in fire pit and landscaped seating area.
Built in 2002, the property provides approximately 2,190 SF of interior space designed for a range of professional services, retail, food and beverage concepts, tasting room uses, spa services, and related service-based businesses.
The interior features a stone fireplace, built-in cabinetry, and granite countertops, along with a private office, storage room, private restrooms, and an employee break area. Exterior arrival amenities include a built-in fire pit and landscaped seating area.
Built in 2002, the property provides approximately 2,190 SF of interior space designed for a range of professional services, retail, food and beverage concepts, tasting room uses, spa services, and related service-based businesses.
Key Highlights
- Adjacent to the Colorado River with nearby Interstate access
- Approximately 1 mile from downtown Palisade
- Interior includes a stone fireplace, built‑in cabinetry, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,773
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,460
$415.5K
Cap Rate 7%
$296,757
$296.8K
Cap Rate 9%
$230,811
$230.8K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$31.5K $14.40/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$29.7K $13.55/SF
− OpEx
−$8.9K −$4.07/SF
NOI
$20.8K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,460
Cap Rate 7%
$296,757
Cap Rate 9%
$230,811
Alternative Uses
Best Use
Retail
$296.8K
$259.7K – $346.2K
NOI $20,773 @ 7.0% cap · market cap 4.28%
Second Best
Office B
$295.7K
$258.7K – $344.9K
NOI $20,696 @ 7.0% cap · market cap 4.27%
Theoretical Best
Healthcare Medical
$4.16M
$3.64M – $4.85M
NOI $290,920 @ 7.0% cap · market cap 59.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 81526, CO
5,216
Population
2,573
Households
2
Avg Household Size
49
Median Age
35%
College-Educated
91%
High-School Grad
72.4 sq mi
ZIP Area
72
Density / Sq Mi
$83,316
Median Household Income
$44,646
Median Earnings
$1,219
Median Rent
$449,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Mesa County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space near the Colorado River with private office, restrooms, and landscaped seating with fire pit.
Where is this retail space located?
The property is located at 1043 N River Road Palisade, CO.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Adjacent to the Colorado River with nearby Interstate access; Approximately 1 mile from downtown Palisade; Interior includes a stone fireplace, built‑in cabinetry, and granite countertops
