Retail Space with Stone
For Sale
Contact for pricing
1043 N River Road, Palisade, CO 81526
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 Market15
Property Features for 1043 N River Road
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Retail, Office
Additional Details
Highway Access
Yes
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
2002
Listing Agency:
Venture Group
(970) 778-0796
Listed By:
KYLE SERRANO · License #II 100075682
Source:
Crexi
Added: Jul 23
Changed: Jul 30
Last Checked: Aug 5 at 12:56PM
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
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 = 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
$20,773
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
4.28%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
41
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
