Gateway Lodge 40-Room
520 Railroad Ave, Rifle, CO 81650
For Sale
New
$2,990,000
Independent lodging with guest conveniences and downtown access to restaurants, shopping, and Interstate 70.
Property Size15,203 SF
Lot Size0.57 Acres
Price / SF$196.67
Days on Market1
Property Features for 520 Railroad Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Asking Price
Highway Access
Amenities
complimentary Wi-Fi
pet-friendly accommodations
refrigerators
microwaves
in-room televisions
Independent Economy Offering: 40-Room Economy Hotel Offering Operational Flexibility Outside a National Franchise System.
Central Downtown Rifle Location: Positioned in the Heart of Rifle with Convenient Access to Local Restaurants, Shopping, and Community Amenities.
Strategic Interstate Connectivity: Convenient Access to Interstate 70 and Highway 13 Connecting the Property Throughout Western Colorado.
Healthcare and Education Demand: Supported by Grand River Health Rifle and Colorado Mountain College – Rifle Campus
Corporate and Workforce Demand: Benefits from Nearby Businesses Including DNOW and the Broader Western Colorado Employment Base.
Regional Event Demand: Near Garfield County Fairgrounds & Events Center and Ute Theater and Events Center.
Outdoor Recreation Exposure: Access to the Rifle Boat Ramp, Parks, and Recreational Opportunities Throughout the Colorado River Valley.
Community and Leisure Amenities: Near Centennial Park and Metro Park, Supporting Local Events and Recreational Visitation.
Building Details
Year Built
Buildings
Stories
Listing Agency:
Denver Office
Listed By:
Huberth Marak
(303) 328-2029
Source:
Marcusmillichap
Added: Nov 12
Last Checked: Nov 12 at 2:34PM
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 Denver Office
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Investment Insights
Based on property information with market context.
Gateway Lodge is an independent hotel with 40 guest rooms in a two-story, 15,203-square-foot building on approximately 0.57 acres. Built in 1965, the property offers in-room refrigerators, microwaves, televisions, and complimentary Wi-Fi. Pet-friendly accommodations and accessible parking are also available, with approximately 45 parking spaces on site.
Located in downtown Rifle, the hotel is within walking distance of restaurants, shopping, and other commercial services. Interstate 70 and Highway 13 provide regional connections. Area destinations and activity generators include Grand River Health Rifle, Colorado Mountain College’s Rifle Campus, the Garfield County Fairgrounds & Events Center, and Rifle Garfield County Airport. Outdoor recreation in the Colorado River Valley also contributes to the area’s visitor activity.
Located in downtown Rifle, the hotel is within walking distance of restaurants, shopping, and other commercial services. Interstate 70 and Highway 13 provide regional connections. Area destinations and activity generators include Grand River Health Rifle, Colorado Mountain College’s Rifle Campus, the Garfield County Fairgrounds & Events Center, and Rifle Garfield County Airport. Outdoor recreation in the Colorado River Valley also contributes to the area’s visitor activity.
Key Highlights
- 40 guest rooms in a two‑story hotel
- 15,203‑square‑foot building on approximately 0.57 acres
- Approximately 45 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,323
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,460
$1.9M
Cap Rate 7%
$1,361,757
$1.4M
Cap Rate 9%
$1,059,144
$1.1M
Market Conditions
NOI Build-Up for 15,203 SF
Gross rent
$228.0K $15.00/SF
− Vacancy
−$27.4K −$1.80/SF
EGI
$200.7K $13.20/SF
− OpEx
−$105.4K −$6.93/SF
NOI
$95.3K $6.27/SF
Area
Garfield County, CO
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,460
Cap Rate 7%
$1,361,757
Cap Rate 9%
$1,059,144
Alternative Uses
Best Use
Hotel Hospitality
$1.36M
$1.19M – $1.59M
NOI $95,323 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.65M
NOI $278,704 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
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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Frequently Asked Questions
What type of property is this?
Hotel - Independent lodging with guest conveniences and downtown access to restaurants, shopping, and Interstate 70.
Where is this hotel located?
The property is located at 520 Railroad Ave Rifle, CO.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 40 guest rooms in a two‑story hotel; 15,203‑square‑foot building on approximately 0.57 acres; Approximately 45 parking spaces
