311 1/2 8th Street, Glenwood Springs, CO 81601
COMMERCIAL - Glenwood Springs, CO
- Added:
- May 5, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 21 at 5:06 pm
Property Features for 311 1/2 8th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M2-Mixed Use Central
- Standard status
- Active Under Contract
- APN
- 218509405011
- Size
- 10,625 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- To Be Determined a subdivision of SECTION: 9 TOWNSHIP: 6 RANGE: 89 SUBDIVISION: ORIGINAL TWNSTE. GLENWOOD BLOCK: 44 LOT: 14 THRU:- LOT: 16 7500 SQUARE FEET
- Tax Annual Amount
- 15390
Utilities
- Water source
- Public
Building Details
- Year built
- 1897
- Floors in Building
- 2
- Building materials
- Brick
Listing agent Amy L Perrin License #FA100073520 (970) 216-8523
Listing office Perrin Elite Properties 103 1st Street, New Castle, CO (970) 285-1128
Listing date May 5, 2026
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.
HighLights
- Prime downtown Glenwood Springs location with high visibility and traffic.
- Versatile 5,000 sq. ft. space suitable for office, retail, or mixed‑use.
- Potential for multi‑tenant use and additional income streams.
- Planned condominiumization offers ownership and investment opportunity.
- Historic character with exposed brick and abundant natural light.
- Functional layout with multiple offices, conference areas, and break rooms.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $233.3k | $21.96 |
| − Vacancy | −$32.7k | −$3.07 |
| EGI | $200.7k | $18.89 |
| − OpEx | −$50.2k | −$4.72 |
| NOI | $150.5k | $14.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Glenwood Springs
- County
- Garfield
- State
- Colorado
- Longitude
- -107.323999
- Latitude
- 39.546886
