Storefront Retail
New
For Sale
$799,000
315 E 1st Street #A & B, Parachute, CO 81635
Updated west wing and former restaurant offer a retail and restaurant configuration in Parachute’s Old Town Center.
Property Size3,619 SF
Lot Size0.62 Acres
Price / SF$220.78
Days on Market5
Property Features for 315 E 1st Street #A & B
General Information
Standard status
Active
Size
3,619 SF
Lot size
0.62 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Traffic Count
22,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$12,509
Building Details
Building Size
3,619 SF
Year Built
1955
Listing Agency:
Coldwell Banker Mason Morse-GWS
(970) 928-9000
Listed By:
Dylan Lewis
(970) 331-2332
Source:
Frontierhomeandranch
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:27PM
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 Coldwell Banker Mason Morse-GWS
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Investment Insights
Based on property information with market context.
The storefront property contains 3,619 square feet on approximately 0.62 acres. Built in 1955, it was expanded in 1997, with remodeling completed between 2015 and 2025. Updates to the west wing and former restaurant include restrooms, plumbing, building encapsulation, landscaping, and completed approvals.
Located in Parachute’s Old Town Center district, the property fronts I-70, which carries 22,000 vehicles per day. NAPA, Dollar Store, and McDonald’s are nearby. The site is zoned OTC for retail and restaurant use and has on-site parking, with possible expansion noted.
Located in Parachute’s Old Town Center district, the property fronts I-70, which carries 22,000 vehicles per day. NAPA, Dollar Store, and McDonald’s are nearby. The site is zoned OTC for retail and restaurant use and has on-site parking, with possible expansion noted.
Key Highlights
- 3,619‑square‑foot storefront property on approximately 0.62 acres
- Frontage to I‑70; traffic volume of 22k VPD
- Built in 1955, with a 1997 expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,775
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,500
$875.5K
Cap Rate 7%
$625,357
$625.4K
Cap Rate 9%
$486,389
$486.4K
Market Conditions
NOI Build-Up for 3,619 SF
Gross rent
$65.1K $18.00/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$62.5K $17.28/SF
− OpEx
−$18.8K −$5.18/SF
NOI
$43.8K $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%
$875,500
Cap Rate 7%
$625,357
Cap Rate 9%
$486,389
Alternative Uses
Best Use
Retail
$625.4K
$547.2K – $729.6K
NOI $43,775 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$947.8K
$829.3K – $1.11M
NOI $66,344 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
234
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
0.2 miles
Shell
Shops & Services
1,992 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,978 visits/mo
0.1 miles
Sinclair
Shops & Services
1,419 visits/mo
0.2 miles
Sinclair
Shops & Services
1,215 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Updated west wing and former restaurant offer a retail and restaurant configuration in Parachute’s Old Town Center.
Where is this storefront property located?
The property is located at 315 E 1st Street #A & B Parachute, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,619‑square‑foot storefront property on approximately 0.62 acres; Frontage to I‑70; traffic volume of 22k VPD; Built in 1955, with a 1997 expansion
