Second-Floor Office/Studio
450 West Avenue Rifle, CO 81650
For Sale
Under Contract
$225,000
COMMERCIAL - Rifle, CO
Property Size1,065 SF
Price / SF$211.27
Days on Market93
Property Features for 450 West Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Standard status
Active Under Contract
APN
217716234006
Size
1,065 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SECTION: 16 TOWNSHIP: 6 RANGE: 93 DESC: A RESUB OF LOTS 23 & 24, BLK K ORIGINAL TOWNSITE SUBDIVISION: DOWNTOWN PROFESSIONAL
Tax Annual Amount
5417
Building Details
Year built
2007
Floors in Building
1
Listing Agency:
Property Professionals
(970) 625-2255
Listed By:
Kevin Atchison · License #FA100071604
(970) 379-0199
Added: Apr 27
Changed: Jun 30
Last Checked: Jul 28 at 8:06PM
MLS# 192578
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.
Unit 202 is a bright, open-concept suite located on the second floor, designed for tenant customization. The space includes plumbing for an additional private restroom and is well-suited to a range of professional and services uses, including creative studio, salon, dental office, or general office work. Elevator access is provided for both clients and staff.
The property is positioned near Railroad Avenue, Rifle’s main corridor, with visibility supported by its central location. The suite is surrounded by established local businesses, which can support day-to-day walk-in activity for compatible uses.
This unit is a practical fit for an operator seeking an adaptable interior layout without giving up convenient client and staff access. For tenants or buyers who want the flexibility to shape the suite to their specific needs, the included restroom plumbing and the open plan provide a straightforward starting point within a CBD-zoned building.
The property is positioned near Railroad Avenue, Rifle’s main corridor, with visibility supported by its central location. The suite is surrounded by established local businesses, which can support day-to-day walk-in activity for compatible uses.
This unit is a practical fit for an operator seeking an adaptable interior layout without giving up convenient client and staff access. For tenants or buyers who want the flexibility to shape the suite to their specific needs, the included restroom plumbing and the open plan provide a straightforward starting point within a CBD-zoned building.
Key Highlights
- High visibility location near Railroad Avenue, Rifle's main corridor
- Adaptable open‑concept layout suitable for various professional uses
- Plumbing available for an additional private restroom
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 | $23.4k | $21.96 |
| − Vacancy | −$3.3k | −$3.07 |
| EGI | $20.1k | $18.89 |
| − OpEx | −$5.0k | −$4.72 |
| NOI | $15.1k | $14.16 |
1,065 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$215.5K
$188.6K – $251.4K
NOI $15,085 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.9K
$244.1K – $325.4K
NOI $19,524 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Creative space - Open-concept second-floor suite with elevator access and plumbing for an additional private restroom.
Where is this creative space located?
The property is located at 450 West Avenue Rifle, CO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: High visibility location near Railroad Avenue, Rifle's main corridor; Adaptable open‑concept layout suitable for various professional uses; Plumbing available for an additional private restroom
