1134 Colorado Avenue, Carbondale, CO 81623

Building Details

Year Built 2005 More

Listing Agency: SSC & Company Real Estate

Listed By: Susan Stone-Chen Show Phone

Source: Brianhazen

Added: Sep 21 Changed: Nov 8 Last Checked: Nov 8 at 6:33AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The Braeburn Building includes an 800-square-foot medical office condominium, constructed in 2005. The property is currently occupied by a tenant, whose scheduled departure is February 28, 2027. The sale covers the real estate only; the tenant’s business is not part of the transaction.

The unit is at 1134 Colorado Avenue in Carbondale, with access to Highway 133, downtown Carbondale, and Highway 82.

Key Highlights

• 800‑square‑foot medical office condominium
• Built in 2005
• Current tenant scheduled to vacate February 28, 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,331

Cap Rate

2.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$226,620 $226.6K

Cap Rate 7%

$161,871 $161.9K

Cap Rate 9%

$125,900 $125.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$17.6K $21.96/SF

− Vacancy

−$2.5K −$3.07/SF

EGI

$15.1K $18.89/SF

− OpEx

−$3.8K −$4.72/SF

NOI

$11.3K $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%

$226,620

Cap Rate 7%

$161,871

Cap Rate 9%

$125,900

Alternative Uses

Best Use

Office B

$161.9K

$141.6K – $188.9K (±1% cap)

NOI $11,331 @ 7.0% cap · market cap 2.91%

Second Best

Healthcare Medical

$140.8K

$123.2K – $164.3K (±1% cap)

NOI $9,857 @ 7.0% cap · market cap 2.53%

Theoretical Best

Office A

$209.5K

$183.3K – $244.4K (±1% cap)

NOI $14,666 @ 7.0% cap · market cap 3.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Locksmith Garden Center Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,055

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 81623, CO

16,110

Population

7,280

Households

2.2

Avg Household Size

40

Median Age

50%

College-Educated

88%

High-School Grad

433.8 sq mi

ZIP Area

37

Density / Sq Mi

$98,549

Median Household Income

$46,026

Median Earnings

$2,094

Median Rent

$835,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - An 800-square-foot commercial unit in the Braeburn Building is occupied by a tenant scheduled to vacate in February 2027.

Where is this medical office space located?

The property is located at 1134 Colorado Avenue Carbondale, CO.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: 800‑square‑foot medical office condominium; Built in 2005; Current tenant scheduled to vacate February 28, 2027