Remodeled Flex Space with Loading
For Sale
$520,000
15757 57 1/2 Road, Collbran, CO 81624
COMMERCIAL, Collbran, CO
Property Size4,960 SF
Lot Size0.29 Acres
Price / SF$104.84
Days on Market78
Property Features for 15757 57 1/2 Road
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
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
Size
4,960 SF
Lot size
0.29 Acres
Amenities
break room
Building Details
Year built
1952
Listing Agency:
Real Colorado Properties
(970) 256-9700
Listed By:
Julie Piland · License #FA100044654
(970) 256-9700
Added: Jun 9
Changed: Aug 20
Last Checked: Aug 25 at 8:06AM
MLS# 833880
Copyright © 2026 Colorado Real Estate Network Inc. 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 occupies 0.29 acres and was built in 1952. The remodeled building includes two insulated work bays with concrete floors, electrically operated overhead doors, 220 electrical service, an exterior loading dock, built-in shelving, counters, and a 5-ton overhead sliding hoist. Overhead heating units support the shop area, while a side entrance improves circulation.
A covered entry connects the shop to an office wing with three carpeted offices, office furniture, and a break room. The office area includes forced-air heat, air conditioning, and a mini-split system. Additional improvements include a private well, storage shed, and paved parking area. The property occupies the corner of Highway 330 and 57 1/2 Road in Collbran, with Powderhorn Mountain Resort, Vega State Park, and the Grand Mesa within the surrounding recreation corridor.
A covered entry connects the shop to an office wing with three carpeted offices, office furniture, and a break room. The office area includes forced-air heat, air conditioning, and a mini-split system. Additional improvements include a private well, storage shed, and paved parking area. The property occupies the corner of Highway 330 and 57 1/2 Road in Collbran, with Powderhorn Mountain Resort, Vega State Park, and the Grand Mesa within the surrounding recreation corridor.
Key Highlights
- 4,960‑square‑foot flex property on 0.29 acres
- Two insulated bays with concrete floors and electrically operated 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 - Remodeled commercial building combines insulated work bays with a separate office wing and paved 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‑square‑foot flex property on 0.29 acres; Two insulated bays with concrete floors and electrically operated overhead doors; 220 electrical service, exterior loading dock, and 5‑ton overhead sliding hoist
