Move-in Ready Office
For Sale
$450,000
15739 Pearl Avenue, Collbran, CO 81624
Upscale office building on the Western Slope of Colorado.
Property Size1,440 SF
Price / SF$312.50
Days on Market205
Property Features for 15739 Pearl Avenue
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$6,892
Building Details
Year Built
1999
Listing Agency:
Real Colorado Properties
(970) 256-9700
Listed By:
Julie Piland · License #FA100044654
(970) 256-9700
Source:
Exitrealty
Added: Feb 1
Changed: Aug 25
Last Checked: Aug 25 at 5:20AM
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 Real Colorado Properties
Investment Insights
Based on property information with market context.
This commercial property is suited for a growing business seeking a move-in-ready office. The newer office building is located on the Western Slope of Colorado near Collbran. Situated on Highway 330, the frontage property provides building and signage visibility. The building features a gabled roof, wood and rock siding, and a covered entry. Inside, there is a reception area, six offices, and a conference room. A break room includes a counter and refrigerator. A secure drop box is available for after-hour deliveries. The building features wood accents, recessed lighting, and carpeted flooring. The powder room has elegant decor. State-of-the-art office furniture and accessories are included. Gas heat and central air are controlled by an LG Inverter system. An outside cement block storage unit is divided into two rooms with concrete floors, shelving, and metal doors. The property includes parking, a frost-free hydrant, and a well. Daily FedEx, UPS, and courier deliveries are available. The property is located minutes from the I-70 corridor. The property size is 1440 square feet.
Key Highlights
- Move‑in‑ready office space with included state‑of‑the‑art furniture and accessories.
- Excellent visibility and signage opportunity on busy Highway 330.
- Six private offices and an impressive conference room.
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
$13,608
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
3.02%
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%
$272,160
$272.2K
Cap Rate 7%
$194,400
$194.4K
Cap Rate 9%
$151,200
$151.2K
Market Conditions
NOI Build-Up for 1,440 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
$25.9K $18.00/SF
− Vacancy
−$7.8K −$5.40/SF
EGI
$18.1K $12.60/SF
− OpEx
−$4.5K −$3.15/SF
NOI
$13.6K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$272,160
Cap Rate 7%
$194,400
Cap Rate 9%
$151,200
Alternative Uses
Best Use
Office B
$194.4K
$170.1K – $226.8K
NOI $13,608 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.73M
$2.39M – $3.19M
NOI $191,290 @ 7.0% cap · market cap 42.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 81624, CO
1,196
Population
803
Households
1.5
Avg Household Size
47
Median Age
21%
College-Educated
92%
High-School Grad
548.8 sq mi
ZIP Area
2
Density / Sq Mi
$89,900
Median Household Income
$31,382
Median Earnings
$1,563
Median Rent
$467,300
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 building - Upscale office building on the Western Slope of Colorado.
Where is this office building located?
The property is located at 15739 Pearl Avenue Collbran, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Move‑in‑ready office space with included state‑of‑the‑art furniture and accessories.; Excellent visibility and signage opportunity on busy Highway 330.; Six private offices and an impressive conference room.
