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Freestanding Retail Showroom Building

2302 Devereux Rd Glenwood Springs, CO

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Retail/showroom building with I-70 access and high visibility.

Type:RETAIL
Property size:
29,519 SF
Lot size:
1.13 Acres
Price / SF:
$203/SF
Added:
Nov 25, 2025
Days on Market:
228
Last Refresh:
May 20 at 9:04 pm

Property Features for 2302 Devereux Rd

General Information

Standard status
Active
Size
29,519 SF
Lot size
1.13 Acres
Property subtype
RETAIL

Listing office Cushman & Wakefield | Colorado Springs Commercial

Listing date Nov 25, 2025

Source Moodyscre

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.

Local 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 (±1% cap)
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 (±1% cap)
NOI $541,147 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Parking Lot & Garage Law Firm Hair Salon Nail Salon Storage Facility HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Kitchen & Bath Showroom Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Ceramic Design — Glenwood Springs, CO 81601
  • Specialized Tile Works Inc — Glenwood Springs, CO 81601
  • Chudy Tile & Carpentry Inc — Glenwood Springs, CO 81601
  • K&K TILE and REmodeling — none, Glenwood Springs, CO 81601

FAQs

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.
Contact an agent
(719) 322-3078 Call to check price and availability
More about this property
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