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Build-to-Suit Flex Space
For Lease
$25 SF/Yr

151 Mel Rey Rd, Glenwood Springs, CO 81601

Flexible new construction opportunity near the West Glenwood I-70 interchange.

Space SizeContact for details
Days on Market17

Property Features for 151 Mel Rey Rd

General Information

Standard status Active

Additional Details

Flexible Term Yes
Highway Access Yes

Taxes and HOA fees

Annual Taxes $6,170
Listing Agency: Douglas Elliman Real Estate
Listed By: Gabriel Molnar
Source: Exprealty
Added: Aug 25 Changed: Sep 8 Last Checked: Sep 9 at 9:06PM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This build-to-suit flex space opportunity at 151 Mel Rey Rd offers a new facility tailored to tenant requirements. Conceptual plans currently call for approximately 5,000 SF, with the layout open to warehouse, distribution, office, retail, live/work, or a combination of these uses.

The site is 1 minute from the West Glenwood I-70 interchange and roughly equidistant to Aspen and Vail. The owner is prepared to begin construction after lease signing, and a future purchase option may be available to the tenant.

Key Highlights

  • Build‑to‑suit flex space at 151 Mel Rey Rd, Glenwood Springs, CO
  • Conceptual plans call for approximately 5,000 SF
  • 1 minute from the West Glenwood I‑70 interchange

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby
Under-served
Demand for This Use

Demographics for 81601, CO

16,484
Population
6,491
Households
2.5
Avg Household Size
38
Median Age
41%
College-Educated
88%
High-School Grad
367.6 sq mi
ZIP Area
45
Density / Sq Mi
$103,632
Median Household Income
$45,271
Median Earnings
$1,812
Median Rent
$726,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flexible new construction opportunity near the West Glenwood I-70 interchange.
Where is this flex space located?
The property is located at 151 Mel Rey Rd Glenwood Springs, CO.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Build‑to‑suit flex space at 151 Mel Rey Rd, Glenwood Springs, CO; Conceptual plans call for approximately 5,000 SF; 1 minute from the West Glenwood I‑70 interchange
More about this property
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