Corner Office
New
For Sale
$335,000
450 West Avenue, Rifle, CO 81650
Commercial Sale, Rifle, CO
Property Size1,438 SF
Price / SF$232.96
Days on Market1
Property Features for 450 West Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Subdivision
Downtown Professional Building
Directions
From Railroad Avenue, west on 4th Street and then north on West Avenue. Building is on the right.
Standard status
Active
APN
217716234004
Size
1,438 SF
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 104 Downtown Professional Building Condominiums According to the plat thereof recorded September 20, 2007 as Reception No. 733577 and as defined and described in that Condominium Declaration for the Downtown Professional Building Condominiums, appearing in such records at Reception No. 733578 County of Garfield
Tax Annual Amount
7170
Legal Description
Unit 104 Downtown Professional Building Condominiums According to the plat thereof recorded September 20, 2007 as Reception No. 733577 and as defined and described in that Condominium Declaration for the Downtown Professional Building Condominiums, appearing in such records at Reception No. 733578 County of Garfield
Utilities
Water source
Public
Building Details
Year built
2007
Building materials
Block, Steel Frame
Listing Agency:
Coldwell Banker Mason Morse-GWS · Coldwell Banker Real Estate
(970) 928-9000
Listed By:
Joy White
(970) 366-9636
Added: Oct 30
Last Checked: Oct 30 at 11:06PM
MLS# 195050
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 1,438-square-foot office unit is configured with an open entry and work area, two private offices or meeting rooms, a kitchenette, and a restroom. The corner unit was built in 2007 and is zoned CBD. Freestanding cubicles and office furnishings may be included with an acceptable offer.
The property is at 450 West Avenue in Rifle, near downtown dining and coffee options and the city park. Street parking is available nearby.
The property is at 450 West Avenue in Rifle, near downtown dining and coffee options and the city park. Street parking is available nearby.
Key Highlights
- 1,438‑square‑foot office condo
- Open entry and work area, two private offices or meeting rooms, kitchenette, and restroom
- Corner unit built in 2007; zoned CBD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,368
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,360
$407.4K
Cap Rate 7%
$290,971
$291.0K
Cap Rate 9%
$226,311
$226.3K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$31.6K $21.96/SF
− Vacancy
−$4.4K −$3.07/SF
EGI
$27.2K $18.89/SF
− OpEx
−$6.8K −$4.72/SF
NOI
$20.4K $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%
$407,360
Cap Rate 7%
$290,971
Cap Rate 9%
$226,311
Alternative Uses
Best Use
Office B
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.6K
$329.5K – $439.4K
NOI $26,362 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
Business Placement
Demographics for 81650, CO
14,336
Population
5,088
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
1,022.7 sq mi
ZIP Area
14
Density / Sq Mi
$81,506
Median Household Income
$41,982
Median Earnings
$1,236
Median Rent
$397,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - An open work area, two enclosed offices, a kitchenette, and a restroom create a functional small-office layout.
Where is this office unit located?
The property is located at 450 West Avenue Rifle, CO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,438‑square‑foot office condo; Open entry and work area, two private offices or meeting rooms, kitchenette, and restroom; Corner unit built in 2007; zoned CBD
