Five-Bay Flex
1629 Dolores Way, Carbondale, CO 81623
For Sale
$4,195,000
Commercial Sale, Carbondale, CO
Property Size11,000 SF
Lot Size0.75 Acres
Price / SF$397.71
Days on Market143
Property Features for 1629 Dolores Way
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Water source
Amenities
rear over head garage doors
16 ft ceilings
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
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: Oct 23
Last Checked: Nov 12 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 0.75-acre property in Carbondale includes a one-story commercial building with five bays, rear overhead garage doors, and 16-foot ceilings. The building is fully leased and has a block-and-brick exterior with a membrane roof; it was built in 1980. The site is zoned Commercial.
The property is adjacent to the RFTA Bus Transit Park on Route 133. Permit-set plans are in place for potential conversion of the bays to condominiums or construction of nine one-bedroom apartments on a second floor, with storage. These are proposed development options, not stated existing improvements.
The property is adjacent to the RFTA Bus Transit Park on Route 133. Permit-set plans are in place for potential conversion of the bays to condominiums or construction of nine one-bedroom apartments on a second floor, with storage. These are proposed development options, not stated existing improvements.
Key Highlights
- 0.75‑acre lot with an existing one‑story commercial building
- Five commercial bays; building is fully leased
- Rear overhead garage doors and 16‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,589
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,551,780
$2.6M
Cap Rate 7%
$1,822,700
$1.8M
Cap Rate 9%
$1,417,656
$1.4M
Market Conditions
NOI Build-Up for 10,548 SF
Gross rent
$189.9K $18.00/SF
− Vacancy
−$7.6K −$0.72/SF
EGI
$182.3K $17.28/SF
− OpEx
−$54.7K −$5.18/SF
NOI
$127.6K $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%
$2,551,780
Cap Rate 7%
$1,822,700
Cap Rate 9%
$1,417,656
Alternative Uses
Best Use
Retail
$1.82M
$1.59M – $2.13M
NOI $127,589 @ 7.0% cap · market cap 3.04%
Second Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,380 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,368 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
100%
Occupancy
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Bravo Fine Catering — 1131 Main St, Carbondale, CO 81623
- AXKAWA — 46 N 4th St, Carbondale, CO 81623
- Bravo Fine Catering — 214 Hilltop Ln, Carbondale, CO 81623
Frequently Asked Questions
What type of property is this?
Flex space - The fully leased building has rear overhead 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: 0.75‑acre lot with an existing one‑story commercial building; Five commercial bays; building is fully leased; Rear overhead garage doors and 16‑foot ceilings
