Remodeled Flex Space With Office
For Sale
$520,000
15757 57 1/2 Road, Collbran, CO 81624
Commercial Sale, Collbran, CO
Property Size4,960 SF
Lot Size0.29 Acres
Price / SF$104.84
Days on Market140
Property Features for 15757 57 1/2 Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Out of Area
Lot features
Corner Lot
Directions
From Grand Junction, take I-70 East to exit 49, go 12 miles then turn left on Hwy 330 for about 8 miles. The shop is in Plateau City on right hand side.
Standard status
Active
APN
266734211014
Size
4,960 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 5 TO 8 INCL BLK 11 PLATEAU CITY SEC 34 9S 95W - 0.29AC
Tax Annual Amount
8376
Legal Description
LOTS 5 TO 8 INCL BLK 11 PLATEAU CITY SEC 34 9S 95W - 0.29AC
Utilities
Water source
Well
Amenities
tiled half bath
break room
office furniture
storage shed
paved parking area
Building Details
Year built
1952
Floors in Building
1
Building materials
Frame, Brick
Roof type
Metal
Listing Agency:
United Country Real Colorado Properties
(970) 256-9700
Listed By:
Julie Piland · License #100044654
(970) 985-0913
Added: Apr 22
Changed: Aug 20
Last Checked: Sep 8 at 1:06AM
MLS# 192522
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.
This 4,960-square-foot flex property, built in 1952 and updated for current operations, includes two insulated shop bays with concrete floors, powered overhead doors, 220 electrical service, an exterior loading dock, and a 5-ton overhead sliding hoist. The work area also includes shelving, counters, overhead heat, and a tiled half bath. A connected office wing provides three furnished offices, a break room, forced-air heating, air conditioning, and a mini-split system.
The property occupies 0.29 acres at the corner of Highway 330 and 57 1/2 Road in Collbran, Colorado, with paved parking, a private well, a storage shed, and a covered entry between the shop and office areas. Its commercial zoning and combination of production, storage, and administrative space support a range of business operations.
The property occupies 0.29 acres at the corner of Highway 330 and 57 1/2 Road in Collbran, Colorado, with paved parking, a private well, a storage shed, and a covered entry between the shop and office areas. Its commercial zoning and combination of production, storage, and administrative space support a range of business operations.
Key Highlights
- 4,960 SF flex property on 0.29 acres
- Two insulated shop bays with concrete floors and powered overhead doors
- 220 electrical service, exterior loading dock, and 5‑ton overhead sliding hoist
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
$46,872
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
9.01%
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%
$937,440
$937.4K
Cap Rate 7%
$669,600
$669.6K
Cap Rate 9%
$520,800
$520.8K
Market Conditions
NOI Build-Up for 4,960 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
$89.3K $18.00/SF
− Vacancy
−$26.8K −$5.40/SF
EGI
$62.5K $12.60/SF
− OpEx
−$15.6K −$3.15/SF
NOI
$46.9K $9.45/SF
Area
Mesa County, CO
Vacancy
30.00%
Lease Rate
$18.00 /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%
$937,440
Cap Rate 7%
$669,600
Cap Rate 9%
$520,800
Alternative Uses
Best Use
Flex RnD
$739.3K
$646.9K – $862.5K
NOI $51,750 @ 7.0% cap · market cap 9.95%
Second Best
Office B
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 9.01%
Theoretical Best
Healthcare Medical
$9.41M
$8.24M – $10.98M
NOI $658,886 @ 7.0% cap · market cap 126.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81624, CO
1,196
Population
803
Households
1.5
Avg Household Size
47
Median Age
21%
College-Educated
92%
High-School Grad
548.8 sq mi
ZIP Area
2
Density / Sq Mi
$89,900
Median Household Income
$31,382
Median Earnings
$1,563
Median Rent
$467,300
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?
Flex space - Upgraded commercial property combines insulated shop bays with a dedicated office area and on-site parking.
Where is this flex space located?
The property is located at 15757 57 1/2 Road Collbran, CO.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 4,960 SF flex property on 0.29 acres; Two insulated shop bays with concrete floors and powered overhead doors; 220 electrical service, exterior loading dock, and 5‑ton overhead sliding hoist
