Downtown Mixed-Use Office
311 1/2 8th Street, Glenwood Springs, CO 81601
For Sale
$2,500,000
Commercial Sale, Glenwood Springs, CO
Property Size10,625 SF
Price / SF$235.29
Days on Market186
Property Features for 311 1/2 8th Street
General Information
Property type
Property subtype
Zoning
Lot features
Directions
Subdivision
Standard status
APN
Size
Additional Details
Corner Location
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Water source
Amenities
private offices
conference areas
copy/work rooms
break rooms
bathrooms
exposed brick accents
large windows
natural light
updated finishes
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Perrin Elite Properties · RE/MAX International
(970) 285-1128
Listed By:
Amy L Perrin · License #FA100073520
(970) 216-8523
Added: May 5
Changed: Oct 30
Last Checked: Nov 6 at 9:06PM
MLS# 192709
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.
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Investment Insights
Based on property information with market context.
This mixed-use commercial property at 311 1/2 8th Street combines office and retail functionality within a brick building constructed in 1897. The interior includes multiple private offices, conference areas, two dedicated copy/work rooms, two break rooms, and three bathrooms. Exposed brick, large windows, natural light, and updated finishes contribute to a professional setting with adaptable commercial character.
Positioned on a high-traffic corner in downtown Glenwood Springs, the property is near restaurants, retail, and community activity. M2-Mixed Use Central zoning supports its mixed-use classification. The building is planned for condominium subdivision, with the seller to apply upon acceptance of a purchase contract.
Positioned on a high-traffic corner in downtown Glenwood Springs, the property is near restaurants, retail, and community activity. M2-Mixed Use Central zoning supports its mixed-use classification. The building is planned for condominium subdivision, with the seller to apply upon acceptance of a purchase contract.
Key Highlights
- M2‑Mixed Use Central zoning
- Brick building constructed in 1897
- Multiple private offices and conference areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,495
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,009,900
$3.0M
Cap Rate 7%
$2,149,929
$2.1M
Cap Rate 9%
$1,672,167
$1.7M
Market Conditions
NOI Build-Up for 10,625 SF
Gross rent
$233.3K $21.96/SF
− Vacancy
−$32.7K −$3.07/SF
EGI
$200.7K $18.89/SF
− OpEx
−$50.2K −$4.72/SF
NOI
$150.5K $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%
$3,009,900
Cap Rate 7%
$2,149,929
Cap Rate 9%
$1,672,167
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,495 @ 7.0% cap · market cap 6.02%
Second Best
Retail
$1.84M
$1.61M – $2.14M
NOI $128,520 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$2.78M
$2.43M – $3.25M
NOI $194,779 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible downtown commercial space with private offices, conference areas, workrooms, break rooms, and public water service.
Where is this mixed-use property located?
The property is located at 311 1/2 8th Street Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: M2‑Mixed Use Central zoning; Brick building constructed in 1897; Multiple private offices and conference areas
