Five-Bay Flex
For Sale
$4,195,000
1629 Dolores Way, Carbondale, CO 81623
Commercial Sale, Carbondale, CO
Property Size11,000 SF
Lot Size0.75 Acres
Price / SF$376.98
Days on Market106
Property Features for 1629 Dolores Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Kay
Directions
Carbondale backs up to Rafta bus stop on 133
Standard status
Active
APN
239333111005
Size
11,128 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Section: 33 Township: 7 Range: 88 Subdivision: KAY PUD PH 1 Lot: 5 32539 SQUARE FEET
Tax Annual Amount
54645
Legal Description
Section: 33 Township: 7 Range: 88 Subdivision: KAY PUD PH 1 Lot: 5 32539 SQUARE FEET
Utilities
Water source
Public
Amenities
adjacent to RFTA Bus Transit Park
rear overhead garage doors
16 ft ceilings
Building Details
Year built
1980
Floors in Building
1
Building materials
Block, Brick
Roof type
Membrane
Listing Agency:
Coldwell Banker Mason Morse-Aspen · Coldwell Banker Real Estate
(970) 925-7000
Listed By:
Scott Lupow
(970) 390-1888
Added: Jun 23
Changed: Sep 12
Last Checked: Oct 6 at 9:06PM
MLS# 193556
Copyright © 2026 Aspen Glenwood MLS. 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 flex property includes a 11,128-square-foot commercial building constructed in 1980 on a 0.75-acre lot. The one-story layout provides five commercial bays, each approximately 2,200 square feet, with rear overhead garage doors and 16-foot ceilings. Block and brick construction, a membrane roof, and public water serve the property. The commercial zoning supports the existing configuration for retail and light industrial use.
The property is located at 1629 Dolores Way in Carbondale, adjacent to the RFTA Bus Transit Park and Rt133. Permit set plans are in place for potential future changes, including condominium conversion of the bays or construction of nine one-bedroom apartments on a second floor with storage. These concepts are presented as future development options rather than existing improvements.
The property is located at 1629 Dolores Way in Carbondale, adjacent to the RFTA Bus Transit Park and Rt133. Permit set plans are in place for potential future changes, including condominium conversion of the bays or construction of nine one-bedroom apartments on a second floor with storage. These concepts are presented as future development options rather than existing improvements.
Key Highlights
- 11,128‑square‑foot commercial building on a 0.75‑acre lot
- Five commercial bays of approximately 2,200 square feet each
- 16‑foot ceilings and rear overhead garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,604
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,080
$2.7M
Cap Rate 7%
$1,922,914
$1.9M
Cap Rate 9%
$1,495,600
$1.5M
Market Conditions
NOI Build-Up for 11,128 SF
Gross rent
$200.3K $18.00/SF
− Vacancy
−$8.0K −$0.72/SF
EGI
$192.3K $17.28/SF
− OpEx
−$57.7K −$5.18/SF
NOI
$134.6K $12.10/SF
Area
Garfield County, CO
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,080
Cap Rate 7%
$1,922,914
Cap Rate 9%
$1,495,600
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,604 @ 7.0% cap · market cap 3.21%
Second Best
Flex RnD
$1.59M
$1.39M – $1.85M
NOI $111,175 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $204,000 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81623, CO
16,110
Population
7,280
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
88%
High-School Grad
433.8 sq mi
ZIP Area
37
Density / Sq Mi
$98,549
Median Household Income
$46,026
Median Earnings
$2,094
Median Rent
$835,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex property with multiple bays, overhead garage doors, and 16-foot ceilings.
Where is this flex space located?
The property is located at 1629 Dolores Way Carbondale, CO.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: 11,128‑square‑foot commercial building on a 0.75‑acre lot; Five commercial bays of approximately 2,200 square feet each; 16‑foot ceilings and rear overhead garage doors
