Refrigerated Storage
New
For Sale
$599,000
140 S 8th Street, Silt, CO 81652
A one-level concrete block facility contains office space, a half bath, a meat-cutting room, coolers, and freezer lockers.
Property Size2,892 SF
Lot Size0.32 Acres
Price / SF$207.12
Days on Market7
Property Features for 140 S 8th Street
General Information
Standard status
Active
Size
2,892 SF
Lot size
0.32 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Cold Storage
Yes
Taxes and HOA fees
Annual Taxes
$6,812
Building Details
Building Size
2,892 SF
Year Built
1946
Stories
1
Construction
concrete block
Listing Agency:
RE/MAX Mountain West
(970) 963-1940
Listed By:
Michael R Kennedy · License #EA781235
(970) 379-3907
Source:
Frontierhomeandranch
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 23 at 5:44PM
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 RE/MAX Mountain West
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Investment Insights
Based on property information with market context.
This one-level concrete block building in Silt occupies 0.32 acres and was built in 1946. Its interior includes a small office, half bath, meat-cutting room, several large coolers, and freezer lockers that have been rented to the public. The locker plant business is not included in the sale.
The property is near Silt’s main roundabout and is zoned Commercial. A sale may include the possibility of a leaseback arrangement with the locker plant, subject to its interest.
The property is near Silt’s main roundabout and is zoned Commercial. A sale may include the possibility of a leaseback arrangement with the locker plant, subject to its interest.
Key Highlights
- 0.32‑acre property in Silt
- Built in 1946
- One‑level concrete block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,332
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,640
$406.6K
Cap Rate 7%
$290,457
$290.5K
Cap Rate 9%
$225,911
$225.9K
Market Conditions
NOI Build-Up for 2,892 SF
Gross rent
$26.0K $9.00/SF
− Vacancy
−$2.1K −$0.73/SF
EGI
$23.9K $8.27/SF
− OpEx
−$3.6K −$1.24/SF
NOI
$20.3K $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 Rate 5%
$406,640
Cap Rate 7%
$290,457
Cap Rate 9%
$225,911
Alternative Uses
Best Use
Warehouse
$290.5K
$254.2K – $338.9K
NOI $20,332 @ 7.0% cap · market cap 3.39%
Second Best
Industrial
$239.2K
$209.3K – $279.1K
NOI $16,744 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$757.4K
$662.7K – $883.6K
NOI $53,017 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
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Business Placement
Demographics for 81652, CO
5,801
Population
2,223
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
89%
High-School Grad
105.4 sq mi
ZIP Area
55
Density / Sq Mi
$97,760
Median Household Income
$47,561
Median Earnings
$2,030
Median Rent
$505,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - A one-level concrete block facility contains office space, a half bath, a meat-cutting room, coolers, and freezer lockers.
Where is this refrigerated & cold storage located?
The property is located at 140 S 8th Street Silt, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 0.32‑acre property in Silt; Built in 1946; One‑level concrete block construction
