New Warehouse NNN
For Sale
$3,067,000
1944 Airport Road, Rifle, CO 81650
COMMERCIAL - Rifle, CO
Property Size14,088 SF
Lot Size1.46 Acres
Price / SF$217.70
Days on Market49
Property Features for 1944 Airport Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LI PUD
Directions
I-70 to east Rifle exit, south to second round about then east on Airport Road, approximately 1/2 mile to site on your left
Subdivision
Rifle
Standard status
Active
Lot size
1.46 Acres
Taxes and HOA fees
Tax Annual Amount
48503
Listing Agency:
VENTURE GROUP
(970) 892-2200
Listed By:
Kyle Serrano · License #II100075682
(970) 778-0796
Added: Jul 15
Changed: Aug 4
Last Checked: Sep 1 at 2:06AM
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.
Investment Insights
Based on property information with market context.
New Commercial NNN investment featuring a 14,000+ SF warehouse completed in 2023 and divided into three separate units. Unit A is 8,144 SF and leased through 1/1/2028. Unit B is 3,000 SF and leased through 7/1/2028. Unit C is 2,944 SF and leased through 1/1/2027. All units are covered by NNN leases.
The property is located in Rifle Business Park with access and visibility from the I-70 interstate. The building is equipped with 3-phase power and includes four overhead doors. The site totals 1.46 acres.
The property is located in Rifle Business Park with access and visibility from the I-70 interstate. The building is equipped with 3-phase power and includes four overhead doors. The site totals 1.46 acres.
Key Highlights
- New 14,000+ SF commercial NNN warehouse completed in 2023 in Rifle Business Park
- 3‑unit layout with Unit A (8,144 SF, 58%), Unit B (3,000 SF), and Unit C (2,944 SF)
- Lease terms: Unit A through 1/1/2028, Unit B through 7/1/2028, Unit C through 1/1/2027 (all NNN)
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
$99,044
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
3.23%
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%
$1,980,880
$2.0M
Cap Rate 7%
$1,414,914
$1.4M
Cap Rate 9%
$1,100,489
$1.1M
Market Conditions
NOI Build-Up for 14,088 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
$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 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%
$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
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
NOI $258,263 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rocky Mountain Mini Storage — 1757 Airport Rd, Rifle, CO 81650
- Rifle Self Storage — 1889 Airport Rd, Rifle, CO 81650
- Rifle Airport Storage — 3160 Baron Ln, Rifle, CO 81650
Frequently Asked Questions
What type of property is this?
Warehouse - Newly completed 2023 warehouse offers three leased NNN units with multiple overhead doors and 3-phase power.
Where is this warehouse 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: New 14,000+ SF commercial NNN warehouse completed in 2023 in Rifle Business Park; 3‑unit layout with Unit A (8,144 SF, 58%), Unit B (3,000 SF), and Unit C (2,944 SF); Lease terms: Unit A through 1/1/2028, Unit B through 7/1/2028, Unit C through 1/1/2027 (all NNN)
