Remodeled Retail
For Sale
$725,000
258 S Railroad Avenue, Parachute, CO 81635
Partially leased space combines updated interiors with room for an owner-user business.
Property Size1,700 SF
Price / SF$426.47
Days on Market315
Property Features for 258 S Railroad Avenue
General Information
Standard status
Active
Size
1,700 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1987
Listing Agency:
(970) 274-1351
Listed By:
Western Slope Real Estate
(970) 274-1351
Source:
Xome
Added: Oct 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:45PM
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 Western Slope Real Estate
Investment Insights
Based on property information with market context.
This retail storefront at 258 S Railroad Avenue in Parachute, Colorado, occupies an almost ¾-acre lot and was built in 1987. The property has been updated and remodeled, with country farmhouse design elements paired with industrial black metal finishes. Garage doors are incorporated into the building’s presentation, adding a distinctive physical feature.
A portion of the building is occupied by an active tenant, while additional space remains vacant for an owner-user or future occupant. The property also includes ample parking and is positioned in the heart of Parachute, providing a downtown commercial setting for retail or other supported storefront activity.
A portion of the building is occupied by an active tenant, while additional space remains vacant for an owner-user or future occupant. The property also includes ample parking and is positioned in the heart of Parachute, providing a downtown commercial setting for retail or other supported storefront activity.
Key Highlights
- Remodeled retail storefront at 258 S Railroad Avenue, Parachute, CO 81635
- Almost ¾‑acre lot
- Portion of the building occupied by an active tenant
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
$20,563
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
2.84%
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%
$411,260
$411.3K
Cap Rate 7%
$293,757
$293.8K
Cap Rate 9%
$228,478
$228.5K
Market Conditions
NOI Build-Up for 1,700 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
$30.6K $18.00/SF
− Vacancy
−$1.2K −$0.72/SF
EGI
$29.4K $17.28/SF
− OpEx
−$8.8K −$5.18/SF
NOI
$20.6K $12.10/SF
Area
Garfield County, CO
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$411,260
Cap Rate 7%
$293,757
Cap Rate 9%
$228,478
Alternative Uses
Best Use
Retail
$293.8K
$257.0K – $342.7K
NOI $20,563 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.2K
$389.6K – $519.4K
NOI $31,165 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Hotels & Casinos 2%
Family Dollar
Shops & Services
3,987 visits/mo
0.3 miles
Shell
Shops & Services
1,992 visits/mo
0.0 miles
Napa Auto Parts
Shops & Services
1,978 visits/mo
0.2 miles
Sinclair
Shops & Services
1,419 visits/mo
0.1 miles
Sinclair
Shops & Services
1,215 visits/mo
0.2 miles
Demographics for 81635, CO
7,185
Population
3,066
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
89%
High-School Grad
331.5 sq mi
ZIP Area
22
Density / Sq Mi
$68,865
Median Household Income
$41,082
Median Earnings
$998
Median Rent
$251,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Partially leased space combines updated interiors with room for an owner-user business.
Where is this storefront property located?
The property is located at 258 S Railroad Avenue Parachute, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Remodeled retail storefront at 258 S Railroad Avenue, Parachute, CO 81635; Almost ¾‑acre lot; Portion of the building occupied by an active tenant
