Add Listing
    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

    201 E 1St St Parachute, CO 81635

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $495,000

    Warehouse in up-and-coming area with redevelopment potential.

    Lot size:
    0.43 Acres

    Property Features for 201 E 1St St

    General Information

    Property type
    Commercial
    Standard status
    Contract
    Lot size
    0.43 Acres

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Amy Luetke
    Amy Luetke
    Source: Elliman

    Listing Agency: The Property Shop LLC Listing Agent: Amy Luetke

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

    Learn more

    Overview

    5,000 SF Warehouse in Parachute

    This 5,000 square foot warehouse is located in an area of Parachute, Colorado with upcoming redevelopment. The property offers flexible space suitable for storage, light industrial use, or business operations. It features accessibility and parking. This location may be suitable for business expansion.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Old Mountain Storage, Caboose Storage

    Location Insight

    • Map
    • Local Demand
    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.0510061
    Latitude
    39.4531717

    Nearby Similar for Sale

    • $725,000
      1,700 SF

      Updated Commercial Property in Parachute

      Remodeled commercial property with income potential in downtown Parachute, CO.
      258 S Rail Road Ave, Parachute, CO 81635
      View Details
    • $325,000
      1,245 SF

      Historic Commercial Building - Remodeled

      Remodeled 1906 commercial building with original architectural features.
      103 1St St, Parachute, CO 81635
      View Details
    • $495,000
      5,000 SF

      Parachute, Colorado Warehouse Opportunity

      5,000 sq ft warehouse in up-and-coming Parachute, Colorado.
      201 E 1St St, Parachute, CO 81635
      View Details
    • $650,000
      0.93 Acres

      Profitable Concrete Business Opportunity

      Turn-key concrete business for sale in Parachute, Colorado.
      000 Mosher Ave, Parachute, CO 81635
      View Details
    • $495,000
      Pending

      Warehouse in Growing Parachute Area

      5,000 SF warehouse with redevelopment potential in Parachute, Colorado.
      201 E 1St St, Parachute, CO 81635
      View Details
    • $995,000
      4,608 SF

      Prime Parachute Commercial Property

      Downtown Retail Building, High Traffic
      315 1St St, Parachute, CO 81635
      View Details
    • $745,000
      10,108 SF

      Parachute Mixed-Use Building Opportunity

      10,108 SF shell building, prime location.
      85 Sipprelle Dr, Parachute, CO 81635
      View Details
    • $769,000
      15,850 SF

      Prime Parachute Commercial Property

      Five-unit building, high potential, Old Town location.
      250 1St St, Parachute, CO 81635
      View Details
    • $349,500
      3.50 Acres

      Parachute, CO Industrial Land

      3.5-Acre Buildable Lot, Utilities Available
      Buds Way, Parachute, CO 81635
      View Details
    • $240,000
      2.78 Acres

      260 Buds Way, Parachute, CO 81635

      Commercial real estate • 2.78 Acres
      260 Buds Way, Parachute, CO 81635
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse in up-and-coming area with redevelopment potential.
    Where is this warehouse located?
    The property is located at 201 E 1St St Parachute, CO.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - 5,000 sq ft warehouse offers flexible space.; - Excellent accessibility and parking.; - Located in an up-and-coming area of Parachute, Colorado.
    (970) 618-4956
    Request Owner's contact information
    201 E 1St St Parachute, CO 81635
    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.
    201 E 1St St
    Parachute, CO 81635
    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
    201 E 1St St Parachute, CO 81635
    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
    Amy Luetke
    Amy Luetke
    Real Estate License ID: 40014669
    (970) 618-4956 (970) 947-9300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!