Flex Space with Office and
For Sale
$1,600,000
1901 Railroad Avenue, Rifle, CO 81650
CommercialSale, Rifle, CO
Property Size8,800 SF
Price / SF$181.82
Days on Market222
Property Features for 1901 Railroad Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CS
Lot features
Corner Lot
Directions
From Rifle city downtown north on Railroad Avenue to the site on the west side, facing east.
Subdivision
Rifle
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
9490
Amenities
reception
mezzanine storage
security fenced yard area
Listing Agency:
COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
(970) 243-7375
Listed By:
Mike Foster · License #IA40011873
(970) 244-6602
Added: Jan 12
Changed: Aug 21
Last Checked: Aug 22 at 4:06AM
MLS# 20260153
Copyright © 2026 Grand Junction Area Association of Realtors. 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 8,800 SF flex property combines office, shop, and warehouse functions in one commercial facility. The office component includes 12+ offices and a reception area, while the shop and warehouse provide two overhead doors and mezzanine storage accessible from the office area.
Paved off-street parking supports the property, and a security-fenced yard adds enclosed exterior space. The property is located at 1901 Railroad Avenue in Rifle, Colorado, within an area described as having high traffic.
Paved off-street parking supports the property, and a security-fenced yard adds enclosed exterior space. The property is located at 1901 Railroad Avenue in Rifle, Colorado, within an area described as having high traffic.
Key Highlights
- 8,800 SF flex property with office, shop, and warehouse areas
- 12+ offices plus a reception area
- Shop and warehouse include two OH doors
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
$124,645
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
7.79%
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%
$2,492,900
$2.5M
Cap Rate 7%
$1,780,643
$1.8M
Cap Rate 9%
$1,384,944
$1.4M
Market Conditions
NOI Build-Up for 8,800 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
$193.2K $21.96/SF
− Vacancy
−$27.1K −$3.07/SF
EGI
$166.2K $18.89/SF
− OpEx
−$41.5K −$4.72/SF
NOI
$124.6K $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 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%
$2,492,900
Cap Rate 7%
$1,780,643
Cap Rate 9%
$1,384,944
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,645 @ 7.0% cap · market cap 7.79%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $87,917 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,323 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
303
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office, shop, and warehouse areas include reception, mezzanine storage, and a secured yard.
Where is this flex space located?
The property is located at 1901 Railroad Avenue 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: 8,800 SF flex property with office, shop, and warehouse areas; 12+ offices plus a reception area; Shop and warehouse include two OH doors
