Flex Space with Fenced
For Sale
$2,695,000
Rifle, CO 81650, Rifle, CO 81650
COMMERCIAL - Rifle, CO
Property Size13,200 SF
Lot Size4.66 Acres
Price / SF$204.17
Days on Market93
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID
Directions
Exit West Rifle, building just to west of exit
Subdivision
Rifle
Standard status
Active
Size
13,200 SF
Lot size
4.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
QUARTER: NE SECTION: 23 TOWNSHIP: 6 RANGE: 94 SUBDIVISION: RIFLE SUPERCENTER MINOR SUB LOT: 1 AS PER RECEPTION # 868670 4.657
Tax Annual Amount
30398
Legal Description
QUARTER: NE SECTION: 23 TOWNSHIP: 6 RANGE: 94 SUBDIVISION: RIFLE SUPERCENTER MINOR SUB LOT: 1 AS PER RECEPTION # 868670 4.657
Utilities
Water source
Public
Building Details
Year built
2006
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
Property Professionals
(970) 625-2255
Listed By:
Paige Haderlie · License #ER40043498
(970) 618-4775
Added: May 11
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# 192784
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 13,200-square-foot flex property on 4.66 acres includes approximately 11,000 square feet of warehouse space and 2,200 square feet of office area. The layout separates operational and administrative functions within a steel-frame building completed in 2006. Multiple overhead doors support loading and workflow, while the fenced yard provides enclosed outdoor space for equipment, fleet parking, and storage. The property has a metal roof and public water service.
Located at the West Rifle exit, the site offers visibility from Interstate 70. ID zoning and the combination of warehouse, office, overhead-door, and yard improvements support distribution, service-based business, and light industrial applications identified for the property.
Located at the West Rifle exit, the site offers visibility from Interstate 70. ID zoning and the combination of warehouse, office, overhead-door, and yard improvements support distribution, service-based business, and light industrial applications identified for the property.
Key Highlights
- 4.66‑acre site with 13,200 square feet of total property size
- Approximately 11,000 square feet of warehouse space
- 2,200 square feet of office space
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
$186,967
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
6.94%
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%
$3,739,340
$3.7M
Cap Rate 7%
$2,670,957
$2.7M
Cap Rate 9%
$2,077,411
$2.1M
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
$289.9K $21.96/SF
− Vacancy
−$40.6K −$3.07/SF
EGI
$249.3K $18.89/SF
− OpEx
−$62.3K −$4.72/SF
NOI
$187.0K $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%
$3,739,340
Cap Rate 7%
$2,670,957
Cap Rate 9%
$2,077,411
Alternative Uses
Best Use
Office B
$2.67M
$2.34M – $3.12M
NOI $186,967 @ 7.0% cap · market cap 6.94%
Second Best
Flex RnD
$1.88M
$1.65M – $2.20M
NOI $131,875 @ 7.0% cap · market cap 4.89%
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
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Well-served
Demand for This Use
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 Office 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?
Flex space - Steel-framed commercial property combines warehouse and office areas with public water service and a secured outdoor yard.
Where is this flex space located?
The property is located at 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: 4.66‑acre site with 13,200 square feet of total property size; Approximately 11,000 square feet of warehouse space; 2,200 square feet of office space
