Three-Office Commercial
For Sale
$379,000
2520 S Grand Avenue #2d, Glenwood Springs, CO 81601
Commercial zoning and on-site parking complement a layout with dedicated work areas.
Property Size938 SF
Price / SF$404.05
Days on Market8
Property Features for 2520 S Grand Avenue #2d
General Information
Standard status
Active
Size
938 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
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:
Frontierhomeandranch
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 4:04AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 938-square-foot office suite, built in 2002, contains three enclosed offices and a separate area suited to reception or meetings. Large windows bring natural light into the space, and on-site parking is available for visitors and staff.
The property is at 2520 S Grand Avenue in Glenwood Springs, with access to Highway 82 and proximity to Valley View Hospital and downtown. Commercial zoning supports its office use.
The property is at 2520 S Grand Avenue in Glenwood Springs, with access to Highway 82 and proximity to Valley View Hospital and downtown. Commercial zoning supports its office use.
Key Highlights
- 938‑square‑foot office suite built in 2002
- Three private offices plus an adaptable lobby or meeting area
- 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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - Commercial zoning and on-site parking complement a layout with dedicated work areas.
Where is this office unit located?
The property is located at 2520 S Grand Avenue #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: 938‑square‑foot office suite built in 2002; Three private offices plus an adaptable lobby or meeting area; Large windows provide natural light
