Industrial Warehouse for
For Sale
$2,695,000
https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-Rifle-CO-81650-Aspen-192784, Rifle, CO 81650
For-sale warehouse property in Garfield County, convenient to Exit West Rifle for straightforward access.
Property Size13,200 SF
Days on Market77
Property Features for https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-Rifle-CO-81650-Aspen-192784
General Information
Standard status
Active
Size
13,200 SF
Zoning
ID
Taxes and HOA fees
Annual Taxes
$30,398
Building Details
Building Size
13,200 SF
Year Built
2006
Listing Agency:
Property Professionals
(970) 618-4775
Listed By:
Paige Haderlie · License #ER40043498
(970) 618-4775
Source:
Evrealestate
Added: Jun 10
Changed: Aug 23
Last Checked: Aug 25 at 6:49AM
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 Property Professionals
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse property is identified as a warehouse/industrial commercial asset. The available information does not specify interior layout, additional building improvements, or specialized features, but it represents a dedicated warehouse-style structure suitable for general industrial storage or related uses consistent with warehouse operations.
The property is located at 4291 W Centennial in Rifle, Colorado, within Garfield County. Directions indicate the building is just to the west of Exit West Rifle, providing a direct route for tenants, contractors, or customers approaching from the exit area.
While specific functional details are not provided in the record, a warehouse property like this is typically considered by users who need practical space for industrial storage and day-to-day operations. Prospective buyers should verify current building conditions and any use-specific requirements during due diligence, including the suitability of the site for their intended warehouse activity and access needs.
The property is located at 4291 W Centennial in Rifle, Colorado, within Garfield County. Directions indicate the building is just to the west of Exit West Rifle, providing a direct route for tenants, contractors, or customers approaching from the exit area.
While specific functional details are not provided in the record, a warehouse property like this is typically considered by users who need practical space for industrial storage and day-to-day operations. Prospective buyers should verify current building conditions and any use-specific requirements during due diligence, including the suitability of the site for their intended warehouse activity and access needs.
Key Highlights
- Warehouse property built in 2006
- Located in Garfield County
- Directions: Exit West Rifle—building is just to the west of the exit
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
$92,801
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
3.44%
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%
$1,856,020
$1.9M
Cap Rate 7%
$1,325,729
$1.3M
Cap Rate 9%
$1,031,122
$1.0M
Market Conditions
NOI Build-Up for 13,200 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
$118.8K $9.00/SF
− Vacancy
−$9.6K −$0.73/SF
EGI
$109.2K $8.27/SF
− OpEx
−$16.4K −$1.24/SF
NOI
$92.8K $7.03/SF
Area
Garfield County, CO
Vacancy
8.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,856,020
Cap Rate 7%
$1,325,729
Cap Rate 9%
$1,031,122
Alternative Uses
Best Use
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,801 @ 7.0% cap · market cap 3.44%
Second Best
Industrial
$1.09M
$955.3K – $1.27M
NOI $76,424 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$3.46M
$3.02M – $4.03M
NOI $241,985 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 81650, CO
14,336
Population
5,088
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
1,022.7 sq mi
ZIP Area
14
Density / Sq Mi
$81,506
Median Household Income
$41,982
Median Earnings
$1,236
Median Rent
$397,100
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - For-sale warehouse property in Garfield County, convenient to Exit West Rifle for straightforward access.
Where is this warehouse located?
The property is located at https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-Rifle-CO-81650-Aspen-192784 Rifle, CO.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Warehouse property built in 2006; Located in Garfield County; Directions: Exit West Rifle—building is just to the west of the exit
