Mixed-Use Building with
For Sale
$575,000
130 W 2nd Street, Rifle, CO 81650
Former firehouse with open warehouse space and residential quarters on the upper level.
Property Size6,500 SF
Lot Size0.15 Acres
Days on Market8
Property Features for 130 W 2nd Street
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.15 Acres
Property subtype
Commercial
Zoning
CB Business District
Taxes and HOA fees
Annual Taxes
$4,610
Building Details
Building Size
6,500 SF
Year Built
1930
Units
2
Listing Agency:
Coldwell Banker Mason Morse
(970) 404-1424
Listed By:
Todd Ambrose · License #100065972
(970) 404-1424
Source:
Coloradopartners
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 21 at 1:09PM
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
Investment Insights
Based on property information with market context.
Located at 130 W 2nd Street in Rifle, this mixed-use property occupies a 6,375-square-foot building completed in 1930. The former firehouse includes open warehouse space, garage bays, and residential space upstairs, combining service-oriented utility with an existing two-level configuration.
The property is designated within the CB Business District. Its address is 130 W 2nd Street, Rifle, CO 81650. The legal description identifies the property as Block M, Lot 4 and Lot 5, together with the west 1.0' of Lot 6 in the Original Townsite subdivision.
The property is designated within the CB Business District. Its address is 130 W 2nd Street, Rifle, CO 81650. The legal description identifies the property as Block M, Lot 4 and Lot 5, together with the west 1.0' of Lot 6 in the Original Townsite subdivision.
Key Highlights
- 6,375 SQ FT building
- Built in 1930
- Former firehouse with garage bays
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$913,940
$913.9K
Cap Rate 7%
$652,814
$652.8K
Cap Rate 9%
$507,744
$507.7K
Market Conditions
NOI Build-Up for 6,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.5K $9.00/SF
− Vacancy
−$4.7K −$0.73/SF
EGI
$53.8K $8.27/SF
− OpEx
−$8.1K −$1.24/SF
NOI
$45.7K $7.03/SF
Area
Garfield County, CO
Vacancy
8.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$913,940
Cap Rate 7%
$652,814
Cap Rate 9%
$507,744
Alternative Uses
Best Use
Mixed Use
$960.0K
$840.0K – $1.12M
NOI $67,202 @ 7.0% cap · market cap 11.69%
Second Best
Flex RnD
$927.7K
$811.7K – $1.08M
NOI $64,939 @ 7.0% cap · market cap 11.29%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,159 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 81650, CO
14,336
Population
5,088
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
1,022.7 sq mi
ZIP Area
14
Density / Sq Mi
$81,506
Median Household Income
$41,982
Median Earnings
$1,236
Median Rent
$397,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Former firehouse with open warehouse space and residential quarters on the upper level.
Where is this mixed-use property located?
The property is located at 130 W 2nd Street Rifle, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 6,375 SQ FT building; Built in 1930; Former firehouse with garage bays
