Flex Space with Warehouse
For Sale
$375,000
106 N 8th Street, Silt, CO 81652
Commercial Sale, Silt, CO
Property Size1,216 SF
Lot Size0.06 Acres
Price / SF$308.39
Days on Market137
Property Features for 106 N 8th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R2
Subdivision
Townsite of Silt
Directions
From I-70 -- Exit 97 (Silt) 1. Take Exit 97 off I-70 2. Turn north (toward town) off the exit ramp 3. Cross the railroad tracks 4. Turn left on Main Street 5. Go one block west to 8th Street 6. Turn right on 8th Street 7. Property is on the corner -- 106 8th St is on your left
Standard status
Active
APN
217910216009
Size
1,216 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 9A Block 23 Town of Silt According to the Property Boundary Adjustment Plat of Lots 9A and 10A, Block 23 Town of Silt Recorded September 29, 2000 as Reception No. 570040 County of Garfield
Tax Annual Amount
4604
Legal Description
Lot 9A Block 23 Town of Silt According to the Property Boundary Adjustment Plat of Lots 9A and 10A, Block 23 Town of Silt Recorded September 29, 2000 as Reception No. 570040 County of Garfield
Building Details
Year built
2002
Listing Agency:
Coldwell Banker Mason Morse-GWS · Coldwell Banker Real Estate
(970) 928-9000
Listed By:
Ingrid L Wussow · License #FA40047265
(970) 404-5105
Added: Jun 16
Changed: Oct 8
Last Checked: Oct 30 at 10:06PM
MLS# 193342
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.
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Investment Insights
Based on property information with market context.
This 1,216-square-foot flex space, built in 2002, combines a private office area with a separate-entry bathroom and a rear warehouse or bay area. The warehouse portion includes an overhead door, tall ceilings, heat, 3-phase electric, and its own bathroom. The layout allows an owner-user to occupy the entire property or use the two areas separately.
Located at 106 N 8th Street in Silt, the property sits on a corner one block from Main Street. Improvements include private asphalt parking and access suited to the office and warehouse configuration. The 0.06-acre site provides a compact commercial setting for an owner-user seeking integrated office and work space.
Located at 106 N 8th Street in Silt, the property sits on a corner one block from Main Street. Improvements include private asphalt parking and access suited to the office and warehouse configuration. The 0.06-acre site provides a compact commercial setting for an owner-user seeking integrated office and work space.
Key Highlights
- 1,216 SF flex space on a 0.06‑acre site
- Private office with separate entry and bathroom
- Rear warehouse or bay with overhead door and tall ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,224
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,480
$344.5K
Cap Rate 7%
$246,057
$246.1K
Cap Rate 9%
$191,378
$191.4K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$26.7K $21.96/SF
− Vacancy
−$3.7K −$3.07/SF
EGI
$23.0K $18.89/SF
− OpEx
−$5.7K −$4.72/SF
NOI
$17.2K $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%
$344,480
Cap Rate 7%
$246,057
Cap Rate 9%
$191,378
Alternative Uses
Best Use
Office B
$246.1K
$215.3K – $287.1K
NOI $17,224 @ 7.0% cap · market cap 4.59%
Second Best
Flex RnD
$173.6K
$151.9K – $202.5K
NOI $12,149 @ 7.0% cap · market cap 3.24%
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
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Split-format property combines a private office and functional warehouse area with separate entries, bathrooms, and on-site parking.
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 SF flex space on a 0.06‑acre site; Private office with separate entry and bathroom; Rear warehouse or bay with overhead door and tall ceilings
