Updated Retail
For Sale
$240,000
600 Co-133, Carbondale, CO 81623
COMMERCIAL - Carbondale, CO
Property Size524 SF
Lot Size0.00 Acres
Price / SF$458.02
Days on Market256
Property Features for 600 Co-133
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Lafontana Cond
Directions
Highway 133, left into La Fontana Plaza. Access is up the stairs behind the common area fountain. Left through entry door. Unit is to the right and is numbered.
Standard status
Active
APN
239333138021
Size
524 SF
Lot size
0.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Section: 33 Township: 7 Range: 88 Subdivision: LA FONTANA PLAZA CONDO. Unit: 21 FROM LOTS 1B & 1C HIGHWAY 133 COMMERCIAL CENTER, A RESUB OF LOT 1 CARBONDALE HIGHWAY 133 SUB-DIV. EXEMPTION.
Tax Annual Amount
2121
HOA Fee
$3,216 Monthly
Legal Description
Section: 33 Township: 7 Range: 88 Subdivision: LA FONTANA PLAZA CONDO. Unit: 21 FROM LOTS 1B & 1C HIGHWAY 133 COMMERCIAL CENTER, A RESUB OF LOT 1 CARBONDALE HIGHWAY 133 SUB-DIV. EXEMPTION.
Utilities
Water source
Public
Building Details
Year built
2001
Floors in Building
2
Building materials
Stucco
Roof type
Membrane
Listing Agency:
Property Professionals
(970) 625-2255
Listed By:
Gabriela Rivera
(970) 706-9694
Added: Nov 28, 2025
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 190942
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 524-square-foot retail unit is located within a commercial plaza and has been remodeled for salon use. The interior includes contemporary finishes, a functional configuration, and a bright, maintained presentation. The layout can be adapted for boutique retail, professional services, wellness, office use, or other commercial operations suited to the space.
The property fronts CO-133 in Carbondale and is positioned among established businesses within the plaza. Shared parking serves the commercial center, while the unit’s placement provides exposure to the highway corridor. The building was constructed in 2001 and features stucco construction, a membrane roof, and public water service.
The property fronts CO-133 in Carbondale and is positioned among established businesses within the plaza. Shared parking serves the commercial center, while the unit’s placement provides exposure to the highway corridor. The building was constructed in 2001 and features stucco construction, a membrane roof, and public water service.
Key Highlights
- 524‑square‑foot retail unit in a commercial plaza
- Remodeled interior configured for salon use
- Adaptable layout for retail, service, wellness, or office operations
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
$7,422
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
3.09%
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%
$148,440
$148.4K
Cap Rate 7%
$106,029
$106.0K
Cap Rate 9%
$82,467
$82.5K
Market Conditions
NOI Build-Up for 524 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
$11.5K $21.96/SF
− Vacancy
−$1.6K −$3.07/SF
EGI
$9.9K $18.89/SF
− OpEx
−$2.5K −$4.72/SF
NOI
$7.4K $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%
$148,440
Cap Rate 7%
$106,029
Cap Rate 9%
$82,467
Alternative Uses
Best Use
Office B
$106.0K
$92.8K – $123.7K
NOI $7,422 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$90.5K
$79.2K – $105.6K
NOI $6,338 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$137.2K
$120.1K – $160.1K
NOI $9,606 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 81623, CO
16,110
Population
7,280
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
88%
High-School Grad
433.8 sq mi
ZIP Area
37
Density / Sq Mi
$98,549
Median Household Income
$46,026
Median Earnings
$2,094
Median Rent
$835,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial unit in a Carbondale plaza with salon improvements, shared parking, and adaptable space for retail or service operations.
Where is this retail space located?
The property is located at 600 Co-133 Carbondale, CO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 524‑square‑foot retail unit in a commercial plaza; Remodeled interior configured for salon use; Adaptable layout for retail, service, wellness, or office operations
