Listing Agency: Coldwell Banker Commercial - Prime Properties Show Phone

Listed By: Mike Foster · License #IA40011873 Show Phone

Source: Moodyscre

Added: Jan 7 Changed: Oct 8 Last Checked: Oct 15 at 2:24AM

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Investment Insights

Based on property information with market context.

This flex-style office shop/warehouse offers 8,846 SF and combines a substantial office setup with shop and storage space. The office component includes a large 12+ office area with a reception area, and the shop/warehouse includes two overhead (OH) doors. Additional storage is available via mezzanine space with office access, supporting practical back-of-house operations.

The property is described as being located in a high-traffic area in Rifle, Colorado. It also includes plentiful paved, off-street parking and a security fenced yard area.

Configured for combined office and warehouse use, the building’s layout supports customer-facing or administrative functions alongside operational space, with overhead door access and internal mezzanine storage.

Key Highlights

• 8,846 SF office shop/warehouse in Rifle, CO, in a high‑traffic area
• Large 12+ office area with reception
• Shop/warehouse includes two overhead (OH) doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$125,297

Cap Rate

7.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,505,940 $2.5M

Cap Rate 7%

$1,789,957 $1.8M

Cap Rate 9%

$1,392,189 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,846 SF

Gross rent

$194.3K $21.96/SF

− Vacancy

−$27.2K −$3.07/SF

EGI

$167.1K $18.89/SF

− OpEx

−$41.8K −$4.72/SF

NOI

$125.3K $14.16/SF

Area

Garfield County, CO

Vacancy

14.00%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,505,940

Cap Rate 7%

$1,789,957

Cap Rate 9%

$1,392,189

Alternative Uses

Best Use

Office B

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,297 @ 7.0% cap · market cap 7.83%

Second Best

Flex RnD

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,376 @ 7.0% cap · market cap 5.52%

Theoretical Best

Office A

$2.32M

$2.03M – $2.70M (±1% cap)

NOI $162,166 @ 7.0% cap · market cap 10.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Computer & Electronic Repair HVAC Service Florist

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

Fenced yard

Location Intelligence

Trade Area within ½ mile

229

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 81650, CO

14,336

Population

5,088

Households

2.8

Avg Household Size

34

Median Age

17%

College-Educated

85%

High-School Grad

1,022.7 sq mi

ZIP Area

14

Density / Sq Mi

$81,506

Median Household Income

$41,982

Median Earnings

$1,236

Median Rent

$397,100

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex-style office shop/warehouse features a large office area, two overhead doors, mezzanine storage, and a fenced, paved yard.

Where is this flex space located?

The property is located at 1901 Railroad Ave Rifle, CO.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: 8,846 SF office shop/warehouse in Rifle, CO, in a high‑traffic area; Large 12+ office area with reception; Shop/warehouse includes two overhead (OH) doors