Office Unit with Three
For Sale
$379,000
2520 S Grand Ave 2d, Glenwood Springs, CO 81601
A separate meeting or reception area complements the dedicated workrooms.
Property Size938 SF
Days on Market14
Property Features for 2520 S Grand Ave 2d
General Information
Standard status
Active
Size
938 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,002
Building Details
Building Size
938 SF
Year Built
2002
Listing Agency:
Valley Real Estate
Listed By:
Haddie Lopez · License #FA100066077
(970) 456-6559
Source:
Elliman
Added: Sep 24
Changed: Sep 27
Last Checked: Oct 5 at 6:38PM
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 Valley Real Estate
Investment Insights
Based on property information with market context.
This office unit, built in 2002, contains three enclosed offices and an adaptable central area for reception or meetings. Large windows bring natural light into the interior, and on-site parking serves the property.
The property is minutes from downtown Glenwood Springs, with access to Valley View Hospital, Highway 82, and nearby amenities.
The property is minutes from downtown Glenwood Springs, with access to Valley View Hospital, Highway 82, and nearby amenities.
Key Highlights
- Three enclosed offices
- Flexible central area for reception or meetings
- Large windows provide natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,286
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,720
$265.7K
Cap Rate 7%
$189,800
$189.8K
Cap Rate 9%
$147,622
$147.6K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$20.6K $21.96/SF
− Vacancy
−$2.9K −$3.07/SF
EGI
$17.7K $18.89/SF
− OpEx
−$4.4K −$4.72/SF
NOI
$13.3K $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 Rate 5%
$265,720
Cap Rate 7%
$189,800
Cap Rate 9%
$147,622
Alternative Uses
Best Use
Office B
$189.8K
$166.1K – $221.4K
NOI $13,286 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.7K
$215.0K – $286.6K
NOI $17,196 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 81601, CO
16,484
Population
6,491
Households
2.5
Avg Household Size
38
Median Age
41%
College-Educated
88%
High-School Grad
367.6 sq mi
ZIP Area
45
Density / Sq Mi
$103,632
Median Household Income
$45,271
Median Earnings
$1,812
Median Rent
$726,000
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?
Office units - A separate meeting or reception area complements the dedicated workrooms.
Where is this office units located?
The property is located at 2520 S Grand Ave 2d Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Three enclosed offices; Flexible central area for reception or meetings; Large windows provide natural light
