Listing Agency: VENTURE GROUP Show Phone

Listed By: Kyle Serrano · License #II100075682 Show Phone

Added: Jul 15 Changed: Oct 8 Last Checked: Oct 16 at 5:06AM

Report an Issue

MLS# 20253407

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Completed in 2023, this 14,000+ SF warehouse is configured as three separate units under NNN leases. Unit A contains 8,144 SF and is leased through 1/1/2028, while Unit B provides 3,000 SF through 7/1/2028 and Unit C provides 2,944 SF through 1/1/2027. The building includes four overhead doors and 3-phase power.

The property occupies 1.46 acres within Rifle Business Park at 1944 Airport Road in Rifle, Colorado. Its location near I-70 provides interstate access, with visibility from the interstate identified in the property information. The asset carries a 7% cap rate and includes a newly constructed warehouse improvement.

Key Highlights

• 14,000+ SF warehouse completed in 2023
• Three separate units under NNN leases
• Unit A: 8,144 SF leased through 1/1/2028

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,044

Cap Rate

3.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,980,880 $2.0M

Cap Rate 7%

$1,414,914 $1.4M

Cap Rate 9%

$1,100,489 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,088 SF

Gross rent

$126.8K $9.00/SF

− Vacancy

−$10.3K −$0.73/SF

EGI

$116.5K $8.27/SF

− OpEx

−$17.5K −$1.24/SF

NOI

$99.0K $7.03/SF

Area

Garfield County, CO

Vacancy

8.10%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,980,880

Cap Rate 7%

$1,414,914

Cap Rate 9%

$1,100,489

Alternative Uses

Best Use

Warehouse

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $99,044 @ 7.0% cap · market cap 3.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.69M

$3.23M – $4.30M (±1% cap)

NOI $258,263 @ 7.0% cap · market cap 8.42%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

NNN properties

Suggested Use

Top Pick Locksmith Bakery Furniture & Home Goods Butcher Home Appliance Store Computer & Electronic Repair

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

Highway access

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Flex Space with Office and Warehouse

1901 Railroad Avenue, Rifle, CO 81650

$1,600,000

View details

Refrigerated Cold Storage Facility

2127 Airport Road, Rifle, CO 81650

$4,750,000

27,461 SF

View details

Heated Truck Wash Bay

4283 W Centennial Pkwy, Rifle, CO 81650

Contact for pricing

2,915 SF

View details

Warehouse Suite with Grade-Level Door

2106 Access Road, 1c, Rifle, CO 81650

Contact for pricing

1,265 SF

View details

Flex Space with Office Area

173 Oil Court, Rifle, CO 81650

$2,000,000

View details

Established Restaurant and Bar For Sale

127 - 129 East 3rd Street, Rifle, CO 81650

$1,200,000

4,712 SF

View details

Turnkey Duplex Income Property

430 & 432 Whiteriver Avenue, Rifle, CO 81650

$700,000

2,024 SF

View details

Established Restaurant With Business

2178 Railroad Avenue, Rifle, CO 81650

$900,000

1,512 SF

View details

Development Parcel Near Walmart

9-ac-756 Airport Rd, Rifle, CO 81650

$2,900,000

9.00 Acres

View details

Turn-Key Restaurant Business Opportunity

800 Airport Road, Unit 13, Rifle, CO 81650

$149,000

2,000 SF

View details

Lower-Level Office Unit

450 West Avenue, Rifle, CO 81650

$315,000

1,438 SF

View details

Lower-Level Office Suite

101-450 West Ave, Rifle, CO

$315,000

View details

Frequently Asked Questions

What type of property is this?

NNN property - Newly completed industrial space offers separate leases, 3-phase power, and direct interstate access.

Where is this nnn property located?

The property is located at 1944 Airport Road Rifle, CO.

What is the asking price?

The asking price for this property is $3,067,000.

What are key features of this property?

This property features: 14,000+ SF warehouse completed in 2023; Three separate units under NNN leases; Unit A: 8,144 SF leased through 1/1/2028