Downtown Mixed-Use
818 Grand Avenue, Glenwood Springs, CO 81601
For Sale
$1,350,000
Commercial Sale, Glenwood Springs, CO
Property Size3,405 SF
Lot Size0.06 Acres
Price / SF$396.48
Days on Market222
Property Features for 818 Grand Avenue
General Information
Property type
Property subtype
Zoning
Basement
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Water source
Amenities
private parking
Building Details
Year built
Listing Agency:
The Best Way Home Real Estate
(970) 456-1860
Listed By:
Julian Hardaker · License CO ER40034339
(970) 309-5169
Added: Apr 6
Changed: Oct 8
Last Checked: Nov 13 at 9:06AM
MLS# 192290
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.
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Investment Insights
Based on property information with market context.
Built in 1925, this 3,405-square-foot downtown building is arranged as five separate units, including three at street level and two in the basement. The layout can accommodate multiple configurations, with private parking located behind the building. Public water serves the property.
The building fronts Grand Avenue, also designated Highway 82, with reported exposure to approximately 28,000 cars per day. M2 zoning supports office, retail, hospitality, and mixed-use residential uses. The zoning framework permits construction from lot line to lot line, with a 40-foot height allowed without a variance and up to 60 feet with permission. The 0.06-acre site is in the Glenwood Springs Opportunity Zone.
The building fronts Grand Avenue, also designated Highway 82, with reported exposure to approximately 28,000 cars per day. M2 zoning supports office, retail, hospitality, and mixed-use residential uses. The zoning framework permits construction from lot line to lot line, with a 40-foot height allowed without a variance and up to 60 feet with permission. The 0.06-acre site is in the Glenwood Springs Opportunity Zone.
Key Highlights
- 3,405‑square‑foot downtown building on a 0.06‑acre site
- Five separate units: 3 street‑level and 2 basement
- Grand Avenue frontage, also designated Highway 82
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,187
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,740
$823.7K
Cap Rate 7%
$588,386
$588.4K
Cap Rate 9%
$457,633
$457.6K
Market Conditions
NOI Build-Up for 3,405 SF
Gross rent
$61.3K $18.00/SF
− Vacancy
−$2.5K −$0.72/SF
EGI
$58.8K $17.28/SF
− OpEx
−$17.7K −$5.18/SF
NOI
$41.2K $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%
$823,740
Cap Rate 7%
$588,386
Cap Rate 9%
$457,633
Alternative Uses
Best Use
Retail
$588.4K
$514.8K – $686.5K
NOI $41,187 @ 7.0% cap · market cap 3.05%
Second Best
Mixed Use
$502.9K
$440.0K – $586.7K
NOI $35,203 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$891.7K
$780.3K – $1.04M
NOI $62,421 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Office units
28,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 47%
Hotels & Casinos 6%
Maverik Adventures First Stop
Shops & Services
31,088 visits/mo
0.4 miles
Village Inn
Dining
13,141 visits/mo
0.4 miles
Qdoba Mexican Grill
Dining
8,278 visits/mo
0.4 miles
Jimmy John's
Dining
7,721 visits/mo
0.4 miles
La Quinta Inn & Suites
Hotels & Casinos
4,161 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - M2-zoned commercial property with adaptable space for office, retail, hospitality, and mixed-use residential applications.
Where is this mixed-use property located?
The property is located at 818 Grand Avenue Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,405‑square‑foot downtown building on a 0.06‑acre site; Five separate units: 3 street‑level and 2 basement; Grand Avenue frontage, also designated Highway 82
