Flex Space with Warehouse
For Sale
$375,000
106 N 8th Street, Silt, CO 81652
Office and service-bay areas have separate entries, with private asphalt parking on site.
Property Size1,216 SF
Price / SF$308.39
Days on Market8
Property Features for 106 N 8th Street
General Information
Standard status
Active
Size
1,216 SF
Property subtype
Commercial
Zoning
R2
Additional Details
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$4,604
Building Details
Building Size
1,216 SF
Year Built
2002
Listing Agency:
Coldwell Banker Mason Morse-GWS
(970) 928-9000
Listed By:
Ingrid L Wussow · License #FA40047265
(970) 404-5105
Source:
Frontierhomeandranch
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 4:03AM
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
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Investment Insights
Based on property information with market context.
This 1,216-square-foot flex property, built in 2002, combines a front office with a rear warehouse bay. The office has its own entrance and bathroom; the bay includes an overhead door, three-phase power, heat, tall ceilings, and a separate bathroom.
The property occupies a corner one block from Main Street and includes private asphalt parking. The distinct office and bay areas provide separate access within the same commercial unit.
The property occupies a corner one block from Main Street and includes private asphalt parking. The distinct office and bay areas provide separate access within the same commercial unit.
Key Highlights
- 1,216‑square‑foot flex property built in 2002
- Separate‑entry office with private bathroom
- Rear warehouse bay with overhead door, heat, tall ceilings, and three‑phase electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,149
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,980
$243.0K
Cap Rate 7%
$173,557
$173.6K
Cap Rate 9%
$134,989
$135.0K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$20.7K $17.04/SF
− Vacancy
−$2.0K −$1.67/SF
EGI
$18.7K $15.37/SF
− OpEx
−$6.5K −$5.38/SF
NOI
$12.1K $9.99/SF
Area
Garfield County, CO
Vacancy
9.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,980
Cap Rate 7%
$173,557
Cap Rate 9%
$134,989
Alternative Uses
Best Use
Flex RnD
$173.6K
$151.9K – $202.5K
NOI $12,149 @ 7.0% cap · market cap 3.24%
Second Best
Warehouse
$122.1K
$106.9K – $142.5K
NOI $8,549 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$318.5K
$278.7K – $371.5K
NOI $22,292 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81652, CO
5,801
Population
2,223
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
89%
High-School Grad
105.4 sq mi
ZIP Area
55
Density / Sq Mi
$97,760
Median Household Income
$47,561
Median Earnings
$2,030
Median Rent
$505,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Office and service-bay areas have separate entries, with private asphalt parking on site.
Where is this flex space located?
The property is located at 106 N 8th Street Silt, CO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,216‑square‑foot flex property built in 2002; Separate‑entry office with private bathroom; Rear warehouse bay with overhead door, heat, tall ceilings, and three‑phase electric
