Furnished Ground-Floor Office
For Sale
$350,000
450 West Avenue Unit 104, Rifle, CO 81650
Move-in-ready suite with private offices, a kitchen, restroom, and included workstations.
Property Size1,438 SF
Price / SF$243.39
Days on Market319
Property Features for 450 West Avenue Unit 104
General Information
Standard status
Active
Size
1,438 SF
Property subtype
General Commercial
Space & Availability
Floor
Ground Floor
Furnished
Yes
Building Details
Year Built
2007
Listing Agency:
RE/MAX Country New Castle
(970) 984-9600
Listed By:
Deborah Sanderson · License #ER01312450
Source:
Xome
Added: Oct 18, 2025
Changed: Aug 30
Last Checked: Aug 31 at 3:18PM
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 RE/MAX Country New Castle
Investment Insights
Based on property information with market context.
This 1,438-square-foot office unit occupies the ground floor at 450 West Avenue, Unit 104. The suite is furnished and includes a reception area, front desk, two private offices, cubicles, desks, chairs, computer monitors, and storage cabinets. A private bathroom and kitchen provide additional functionality within the suite.
The property offers direct entry and is located in downtown Rifle, Colorado. Built in 2007, the office configuration combines furnished work areas with private rooms and on-site amenities for a professional business setting.
The property offers direct entry and is located in downtown Rifle, Colorado. Built in 2007, the office configuration combines furnished work areas with private rooms and on-site amenities for a professional business setting.
Key Highlights
- 1,438‑square‑foot ground‑floor office unit
- Furnished suite with reception area and front desk
- Two private offices plus cubicles and several desks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.6K
$329.5K – $439.4K
NOI $26,362 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready suite with private offices, a kitchen, restroom, and included workstations.
Where is this office units located?
The property is located at 450 West Avenue Unit 104 Rifle, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,438‑square‑foot ground‑floor office unit; Furnished suite with reception area and front desk; Two private offices plus cubicles and several desks
