Office Condominium with
For Sale
$610,500
137 Main Street, Edwards, CO 81632
COMMERCIAL - Edwards, CO
Property Size1,221 SF
Lot Size0.02 Acres
Price / SF$500
Days on Market202
Property Features for 137 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Condo
Parking features
Assigned
Subdivision
Riverwalk Diamond Bldg. Condo
Standard status
Active
APN
2105-054-27-012
Size
1,221 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBDIVISION: RIVERWALK DIAMOND BLDG CONDOS UNIT: O-201 R669199 DEC 09-14-98 R669200 MAP 09-14-98 R69
Tax Annual Amount
7437
HOA Fee
$682 Monthly
Legal Description
SUBDIVISION: RIVERWALK DIAMOND BLDG CONDOS UNIT: O-201 R669199 DEC 09-14-98 R669200 MAP 09-14-98 R69
Utilities
Utilities
Water Available
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Building materials
Steel Siding, Concrete
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway - Edwards · Berkshire Hathaway HomeServices
(970) 926-8440
Listed By:
Jennie Longville May · License #FA1300765
(970) 390-6617
Added: Jan 16
Changed: Aug 4
Last Checked: Aug 6 at 2:06AM
MLS# 1013348
Copyright © 2026 Vail Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial condo office space at 137 Main Street in Edwards, Colorado offers a flexible floor plan for an end-to-end customized workspace. The property is part of a mixed-use setting described as The Riverwalk, and it includes elevator access to support client and employee convenience.
Access is designed to be straightforward, with both street-front parking and underground parking available. The space is positioned in the heart of downtown Edwards at The Riverwalk, giving it an in-town presence while still supporting off-street parking needs.
While the layout is suited for office use, the offering also notes the possibility of transforming the space into a residential unit, subject to appropriate approvals and design work.
Access is designed to be straightforward, with both street-front parking and underground parking available. The space is positioned in the heart of downtown Edwards at The Riverwalk, giving it an in-town presence while still supporting off-street parking needs.
While the layout is suited for office use, the offering also notes the possibility of transforming the space into a residential unit, subject to appropriate approvals and design work.
Key Highlights
- Prime location in the heart of downtown Edwards at The Riverwalk.
- Flexible floor plan allows for customized workspace or residential conversion.
- Easy street‑front and underground parking.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $24.00 |
| − Vacancy | −$6.4k | −$5.28 |
| EGI | $22.9k | $18.72 |
| − OpEx | −$5.7k | −$4.68 |
| NOI | $17.1k | $14.04 |
1,221 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.9K
$214.3K – $285.7K
NOI $17,143 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 81632, CO
11,343
Population
5,529
Households
2.1
Avg Household Size
39
Median Age
58%
College-Educated
94%
High-School Grad
115.9 sq mi
ZIP Area
98
Density / Sq Mi
$92,304
Median Household Income
$49,709
Median Earnings
$1,885
Median Rent
$734,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condo office space at 137 Main Street with elevator access and street-front plus underground parking.
Where is this office units located?
The property is located at 137 Main Street Edwards, CO.
What is the asking price?
The asking price for this property is $610,500.
What are key features of this property?
This property features: Prime location in the heart of downtown Edwards at The Riverwalk.; Flexible floor plan allows for customized workspace or residential conversion.; Easy street‑front and underground parking.
