Updated Retail Space with Garage
For Sale
$699,000
258 S Railroad Ave, Parachute, CO 81635
Renovated interiors, on-site parking, and a combination of occupied and available commercial space.
Property Size1,700 SF
Lot Size0.75 Acres
Days on Market47
Property Features for 258 S Railroad Ave
General Information
Standard status
Active
Size
1,700 SF
Lot size
0.75 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,734
Building Details
Building Size
1,700 SF
Year Built
1987
Tenancy
Multi
Listing Agency:
Western Slope Real Estate
Listed By:
Kehaulani Rust · License #FA100077227
(970) 274-1351
Source:
Elliman
Added: Sep 10
Changed: Oct 13
Last Checked: Oct 24 at 6:28PM
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
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Investment Insights
Based on property information with market context.
This retail property, built in 1987, has undergone updates and remodeling that combine farmhouse-style character with industrial black metal finishes. Garage doors add a distinctive functional element to the building, which includes both occupied and vacant commercial areas.
The property is located at 258 S Railroad Ave in downtown Parachute, Colorado, on an almost ¾-acre lot. Ample parking is available on the site, and the building offers space for an existing tenant alongside room for an owner-user or additional commercial occupancy.
The property is located at 258 S Railroad Ave in downtown Parachute, Colorado, on an almost ¾-acre lot. Ample parking is available on the site, and the building offers space for an existing tenant alongside room for an owner-user or additional commercial occupancy.
Key Highlights
- Updated and remodeled retail property built in 1987
- Located at 258 S Railroad Ave in downtown Parachute, CO 81635
- Almost ¾‑acre lot with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,563
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
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
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 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 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.2K
$389.6K – $519.4K
NOI $31,165 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
11k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Renovated interiors, on-site parking, and a combination of occupied and available commercial space.
Where is this retail space located?
The property is located at 258 S Railroad Ave Parachute, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Updated and remodeled retail property built in 1987; Located at 258 S Railroad Ave in downtown Parachute, CO 81635; Almost ¾‑acre lot with ample parking
