Multi-Unit Flex
For Sale
$1,950,000
6702 Highway 82, Glenwood Springs, CO 81601
Versatile commercial property with separately metered units, warehouse areas, offices, bathrooms, and live/work functionality.
Property Size4,000 SF
Days on Market49
Property Features for 6702 Highway 82
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,522
Building Details
Building Size
4,000 SF
Year Built
1994
Listing Agency:
Coldwell Banker Mason Morse Real Estate
Listed By:
Bronwyn Anglin · License #FA.100029411
(970) 948-7532
Source:
Elliman
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 28 at 8:37AM
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 Coldwell Banker Mason Morse Real Estate
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Investment Insights
Based on property information with market context.
This flex-space property comprises a 4,000-square-foot warehouse arranged as four separately metered units. Each unit includes one overhead door and one walk-through door. Units 1, 3, and 4 feature 1,000 square feet of two-story kitchen, bathroom, and office space, along with 500 square feet of warehouse area and a loft. Unit 2 provides 1,000 feet of warehouse space with a back room and bathroom. The configuration supports a mix of workspace, storage, and live/work use.
The 1.69-acre property is positioned between Carbondale and Glenwood Springs with access to Highway 82. A flat site above the warehouse is reached by a short driveway. The property also offers views of Mt. Sopris. Built in 1994, the site combines enclosed commercial improvements with additional land area above the existing warehouse.
The 1.69-acre property is positioned between Carbondale and Glenwood Springs with access to Highway 82. A flat site above the warehouse is reached by a short driveway. The property also offers views of Mt. Sopris. Built in 1994, the site combines enclosed commercial improvements with additional land area above the existing warehouse.
Key Highlights
- 1.69‑acre property between Carbondale and Glenwood Springs
- 4,000 sq. ft. warehouse divided into 4 separately metered units
- Each unit has 1 overhead door and 1 walk‑through door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,657
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,140
$1.1M
Cap Rate 7%
$809,386
$809.4K
Cap Rate 9%
$629,522
$629.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$87.8K $21.96/SF
− Vacancy
−$12.3K −$3.07/SF
EGI
$75.5K $18.89/SF
− OpEx
−$18.9K −$4.72/SF
NOI
$56.7K $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 Rate 5%
$1,133,140
Cap Rate 7%
$809,386
Cap Rate 9%
$629,522
Alternative Uses
Best Use
Office B
$809.4K
$708.2K – $944.3K
NOI $56,657 @ 7.0% cap · market cap 2.91%
Second Best
Mixed Use
$590.8K
$516.9K – $689.3K
NOI $41,355 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$1.05M
$916.6K – $1.22M
NOI $73,329 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 81601, CO
16,484
Population
6,491
Households
2.5
Avg Household Size
38
Median Age
41%
College-Educated
88%
High-School Grad
367.6 sq mi
ZIP Area
45
Density / Sq Mi
$103,632
Median Household Income
$45,271
Median Earnings
$1,812
Median Rent
$726,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with separately metered units, warehouse areas, offices, bathrooms, and live/work functionality.
Where is this flex space located?
The property is located at 6702 Highway 82 Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1.69‑acre property between Carbondale and Glenwood Springs; 4,000 sq. ft. warehouse divided into 4 separately metered units; Each unit has 1 overhead door and 1 walk‑through door
