Freestanding Retail Showroom
2302 Devereux Rd Glenwood Springs, CO
For Sale
Contact for pricing
Retail/showroom building with I-70 access and high visibility.
Property Size29,519 SF
Lot Size1.13 Acres
Price / SF$203.09
Days on Market245
Property Features for 2302 Devereux Rd
General Information
Standard status
Active
Size
29,519 SF
Lot size
1.13 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Colorado Springs Commercial
(719) 322-3078
Listed By:
David Schroeder II · License #FA.100068961
(719) 322-3078
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 28 at 12:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Colorado Springs Commercial
Investment Insights
Based on property information with market context.
The property at 2302 DEVEREUX RD presents a unique opportunity to own a freestanding retail or showroom building in West Glenwood Springs. Constructed in 2007, the two-story building features contemporary mountain architecture, large window lines, and a prominent roofline, providing visibility from both Devereux Road and the I-70 interstate. This creates a natural billboard effect suitable for a destination retailer or experiential showroom concept. The building is situated on approximately 1.33 acres, supported by on-site parking and efficient site circulation. The open floor plates and tall ceilings accommodate a range of retail and showroom uses, including outdoor recreation, home improvement, furnishings, lifestyle, and specialty retail. These experience-driven concepts benefit from strong visibility and easy highway access. There is potential to secure an adjacent outdoor storage area to the south under a separate lease, creating an option for users needing both indoor showroom and outdoor display or storage space. The property pairs modern construction and ample parking with I-70 corridor visibility in a high-traffic, tourism-driven mountain market, positioning it as a regional retail and showroom opportunity.
Key Highlights
- Exceptional I‑70 visibility and access in a high‑traffic location.
- Freestanding retail/showroom building with contemporary mountain architecture.
- Generous on‑site parking and efficient site circulation.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $531.3k | $18.00 |
| − Vacancy | −$21.3k | −$0.72 |
| EGI | $510.1k | $17.28 |
| − OpEx | −$153.0k | −$5.18 |
| NOI | $357.1k | $12.10 |
29,519 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.10M
$4.46M – $5.95M
NOI $357,062 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.73M
$6.76M – $9.02M
NOI $541,147 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lowe's Home Improvement — 215 W Meadows, Glenwood Springs, CO 81601
- Mellins Flooring — 51899 Hwy 6, Glenwood Springs, CO 81601
Frequently Asked Questions
What type of property is this?
Showroom - Retail/showroom building with I-70 access and high visibility.
Where is this showroom located?
The property is located at 2302 Devereux Rd Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Exceptional I‑70 visibility and access in a high‑traffic location.; Freestanding retail/showroom building with contemporary mountain architecture.; Generous on‑site parking and efficient site circulation.
