Building Details

Year built 1987

Building materials Frame

Roof type Metal

Listing Agency: Western Slope Real Estate c***@icloud.com Show Phone

Listed By: Kehaulani Rust · License #FA100077227 Show Phone

Added: Jul 1 Changed: Oct 5 Last Checked: Oct 6 at 7:06PM

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MLS# 193586

Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 258 S Railroad Avenue in Parachute, this 1,700-square-foot storefront property sits on a 0.74-acre parcel. Built in 1987 with frame construction, the building has been remodeled with farmhouse-inspired finishes, black metal details, and garage-style doors. The property includes both an occupied portion and vacant space for a business or future tenant.

The site provides ample parking and is positioned in downtown Parachute, Colorado. Commercial Property zoning, public water, and a metal roof are among the recorded property features. The configuration offers a combination of existing occupancy and usable commercial space within a freestanding building.

Key Highlights

• 1,700‑square‑foot storefront property on a 0.74‑acre lot
• Occupied section plus vacant space for an owner‑user or additional tenant
• Remodeled interior with black metal finishes and garage‑style doors

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 (±1% cap)

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 (±1% cap)

NOI $31,165 @ 7.0% cap · market cap 4.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

The Coffee Shack Cafe & Coffee Shop Tumbleweed Express Drive-Thru (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Plumbing Service Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Updated commercial space combines an occupied section with available room for an owner-user or additional tenant.

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 $699,000.

What are key features of this property?

This property features: 1,700‑square‑foot storefront property on a 0.74‑acre lot; Occupied section plus vacant space for an owner‑user or additional tenant; Remodeled interior with black metal finishes and garage‑style doors