Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    249 W Rainbow Blvd Salida, CO 81201

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $999,999

    Two commercial buildings on 0.78 acres in Salida, Colorado.

    Lot size:
    0.78 Acres

    Property Features for 249 W Rainbow Blvd

    General Information

    Lot size
    0.78 Acres

    Building Details

    Year built
    1952

    We can help!

    Listing Contact
    Jeff Post
    Jeff Post
    Source: Elliman

    Listing Agent: Jeff Post

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highway Frontage Commercial Buildings

    Two commercial buildings are situated on a 0.78-acre property with highway frontage in Salida, Colorado. One building offers approximately 1300 square feet, while the other provides a little over 1000 square feet. The property is located on Highway 50, which experiences both local and pass-through traffic. The site presents opportunities for expansion or outside storage. This property is suitable for either an owner-user or as an investment for rental income or a new business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stone Soup Studios ... Film Production Company Billy Bordeaux LLC Publisher

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salida
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.001034
    Latitude
    38.523172

    Nearby Similar for Sale

    • $1,750,000
      6,320 SF

      Historic Landmark in Downtown Salida

      Mixed-use property in Salida's historic district with retail and office.
      134 F St, Salida, CO 81201
      View Details
    • $700,000
      0.26 Acres

      New Retail/Office Space in Salida

      Under construction retail or office space in desirable Salida location.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $350,000

      Commercial Space in Mixed-Use Development

      912 sq ft commercial space in Salida, CO, coming Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $699,900
      0.63 Acres

      Highway 285 Commercial Building Opportunity

      Versatile commercial building near Salida with existing bar and kitchen.
      14770 Us Highway 285, Salida, CO 81201
      View Details
    • $1,100,000
      0.26 Acres

      Versatile Commercial Space in Salida

      3,031 sq ft commercial space in mixed-use development, Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • New
      $4,199,000
      2,103 SF

      Salida Ranch with Water Rights

      192-acre ranch with senior water rights near downtown Salida.
      14100 County Road 140, Salida, CO 81201
      View Details
    • $375,000
      0.26 Acres

      Retail Space in Mixed-Use Development

      812 sq ft commercial space in Salida, CO. For sale.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $1,150,000
      0.48 Acres

      Salida Steakhouse Restaurant and Bar

      Turn-key restaurant and bar opportunity in Salida, Colorado.
      710 Milford St, Salida, CO 81201
      View Details
    • $1,100,000
      3,031 SF

      Versatile Commercial Space in Salida

      3,031 sq ft commercial space in premier mixed-use development.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $5,950,000

      Secluded Mountain Ranch with Trout Lake

      114-acre ranch with updated residence, guest cabins, and water features.
      5291 County Road 76, Parlin, CO 81239
      View Details
    • $350,000
      912 SF

      Commercial Space in Mixed-Use Development

      912 sq ft commercial space in Salida, CO, coming Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $375,000
      812 SF

      Commercial Space in Mixed-Use Development

      812 sq ft commercial space in Salida, CO. For sale.
      136 Old Stage Rd, Salida, CO 81201
      View Details

    FAQs

    What type of property is this?
    Retail property - Two commercial buildings on 0.78 acres in Salida, Colorado.
    Where is this retail property located?
    The property is located at 249 W Rainbow Blvd Salida, CO.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: - Prime commercial real estate on Highway 50 in Salida, Colorado.; - Two commercial buildings totaling approximately 2300 SqFt (1300 +\/- SqFt and 1000+ SqFt).; - Large .78 acre lot with highway frontage.
    (719) 539-6682
    Request Owner's contact information
    249 W Rainbow Blvd Salida, CO 81201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    249 W Rainbow Blvd
    Salida, CO 81201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    249 W Rainbow Blvd Salida, CO 81201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Post
    Jeff Post
    Real Estate License ID: CO FA400018515
    (719) 539-6682
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.