Mixed-Use Building with Exposed
713 Cooper Avenue, Glenwood Springs, CO 81601
For Sale
$1,795,000
M2 zoning and an existing office-retail configuration support a range of commercial uses.
Property Size4,350 SF
Price / SF$412.64
Days on Market23
Property Features for 713 Cooper Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Abandoned
Listing Agency:
Epique Realty
(720) 394-8959
Listed By:
Kristine Leahy
(970) 618-1972
Source:
Frontierhomeandranch
Added: Oct 22
Changed: Nov 7
Last Checked: Nov 12 at 7:42PM
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 Epique Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,350-square-foot mixed-use building dates to 1904 and underwent remodeling in 2006–07. Its interior features hardwood floors, exposed brick, large front-facing windows, and original steel columns. The current configuration accommodates office and retail use, and the property is zoned M2 (Mixed-Use Core).
The building is at 713 Cooper Avenue in downtown Glenwood Springs, across from the Maxwell Hotel and adjoining the Pullman Restaurant. It is also approximately half a block from 7th Street.
The building is at 713 Cooper Avenue in downtown Glenwood Springs, across from the Maxwell Hotel and adjoining the Pullman Restaurant. It is also approximately half a block from 7th Street.
Key Highlights
- 4,350‑square‑foot mixed‑use property
- Remodeled in 2006–07; original construction dates to 1904
- M2 (Mixed‑Use Core) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,618
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,360
$1.1M
Cap Rate 7%
$751,686
$751.7K
Cap Rate 9%
$584,644
$584.6K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$78.3K $18.00/SF
− Vacancy
−$3.1K −$0.72/SF
EGI
$75.2K $17.28/SF
− OpEx
−$22.6K −$5.18/SF
NOI
$52.6K $12.10/SF
Area
Garfield County, CO
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,360
Cap Rate 7%
$751,686
Cap Rate 9%
$584,644
Alternative Uses
Best Use
Retail
$751.7K
$657.7K – $877.0K
NOI $52,618 @ 7.0% cap · market cap 2.93%
Second Best
Mixed Use
$642.5K
$562.2K – $749.6K
NOI $44,974 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.14M
$996.8K – $1.33M
NOI $79,745 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
69k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 37%
Hotels & Casinos 17%
Maverik Adventures First Stop
Shops & Services
31,088 visits/mo
0.2 miles
Village Inn
Dining
13,141 visits/mo
0.2 miles
Qdoba Mexican Grill
Dining
8,278 visits/mo
0.2 miles
La Quinta Inn & Suites
Hotels & Casinos
4,161 visits/mo
0.3 miles
Best Western Antlers At Glenwood Springs
Hotels & Casinos
2,817 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - M2 zoning and an existing office-retail configuration support a range of commercial uses.
Where is this mixed-use property located?
The property is located at 713 Cooper Avenue Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 4,350‑square‑foot mixed‑use property; Remodeled in 2006–07; original construction dates to 1904; M2 (Mixed‑Use Core) zoning
