Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1002 Rainbow Blvd Salida, CO 81201-2959
    Back to Search
    Property profile & analytics

    1002 Rainbow Blvd, Salida, CO 81201-2959

    View on Map
    • Office buildings
    • 900 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Jan 7, 2025
    $430,000
    Property ID
    US13-1405713
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Speedy Auto Sales INC / Car Dealership

    Property Details for 1002 Rainbow Blvd

    Year built
    1987
    Lot size
    0.16 lot acres
    Property type
    Office buildings
    APN
    R380705426160
    APU
    R380705426160

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 7, 2025 $430,000 Kb Squared Investments LLC Stephen C Williams Special Warranty Deed $323k · Collegiate Peaks Bank
    Jun 23, 2008 — Stephen C Williams Drusilla R Williams Quit Claim Deed · related $37k · Drusilla Williams
    Jul 15, 2005 $119,000 Stephen C Williams Phillip J Derusha Warranty Deed —

    Description

    This exceptional 900-square-foot commercial office building presents a unique investment opportunity in Salida, Colorado. Situated on a highly visible 0.16-acre corner lot at the intersection of Highway 50 and Blake Street, this property boasts excellent highway frontage, ensuring maximum exposure for your business. Previously utilized as a car sales lot, its adaptable layout offers diverse possibilities for a variety of commercial ventures. The building features convenient access from both sides of the parking lot, enhancing customer and employee accessibility. The main level comprises a spacious reception area or lobby (20' x 13'), generously appointed with large windows overlooking the expansive lot. Two private offices provide ample space for individual work or meetings. A full restroom and kitchen add to the building's functionality and convenience. A sizable basement offers substantial storage capacity, ideal for inventory or archives. This property's prime location, combined with its versatile interior and ample parking, makes it an ideal choice for entrepreneurs seeking a high-visibility commercial space in the thriving Salida market. The property is ready for immediate occupancy and presents a compelling opportunity for a discerning buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salida
    County
    Chaffee
    State
    Colorado
    Longitude
    -105.991
    Latitude
    38.5244

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,673
    $43,230
    $18,100
    $61,330
    -
    $154,944
    $94,874
    $249,818

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      16550 Us Hwy 285

      OFFICE BUILDING
      16550 Us Hwy 285, Salida, CO 81201-9562
      View Details
    • Value Estimation by Request
      645 SF

      16105 Us Hwy 50

      OFFICE BUILDING
      16105 Us Hwy 50, Salida, CO 81201-9413
      View Details
    • Value Estimation by Request
      1,052 SF

      7385 Us Hwy 50c

      OFFICE BUILDING
      7385 Us Hwy 50c, Salida, CO 81201-9341
      View Details
    • Value Estimation
      $1,015,000
      7,440 SF

      125 2nd St

      OFFICE BUILDING
      125 2nd St, Salida, CO 81201-2114
      View Details
    • Value Estimation by Request
      2,418 SF

      139 3rd St

      OFFICE BUILDING
      139 3rd St, Salida, CO 81201-2612
      View Details
    • Value Estimation by Request
      1,597 SF

      132 F St, Unit 4

      OFFICE BUILDING
      132 F St, Salida, CO 81201-2102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      100,000 SF

      Salida Greenhouse Facility For Sale

      Licensed cannabis cultivation and extraction facility on 13+ acres.
      7800 County Road 152, Salida, CO 81201
      View Details
    • $790,000
      0.13 Acres

      Downtown Salida Multi-Use Commercial Building

      Flexible workspaces with expansion potential in downtown Salida.
      331 H St, Salida, CO 81201
      View Details
    • Contact for pricing

      Commercial Lots with Residential Home

      Three commercial lots with a residential home for sale.
      1520 F St, Salida, CO 81201
      View Details
    • $375,000
      0.26 Acres

      Retail Space in Mixed-Use Development

      812 sq ft commercial space in Salida, CO. For sale.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $599,000
      4,500 SF

      Highway 285 Commercial Building

      Versatile commercial building near Salida and Buena Vista.
      14770 Us Highway 285, Salida, CO 81201
      View Details
    • $375,000
      812 SF

      Commercial Space in Mixed-Use Development

      812 sq ft commercial space in Salida, CO. For sale.
      136 Old Stage Rd, Salida, CO 81201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Remodeled Back Office with Private Entry

      Freshly remodeled professional office suite in a downtown building with private rear access and included utilities and WiFi.
      6-139 E 3Rd St, Salida, CO 81201
      View Details
    • Contact for pricing
      3,565 SF

      Salida Commercial Space Available

      Commercial space available for rent in Salida, Colorado.
      134 F St, Salida, CO 81201
      View Details
    • $5,000 /Mo

      Versatile 5-Acre Lot for Lease

      5-acre lot near downtown Salida, ideal for storage/parking.
      000 Brg St, Salida, CO 81201
      View Details
    • $5,000 /Mo

      Versatile Lot for Lease

      5-acre lot near downtown Salida, ideal for storage, parking.
      000 Brg St, Salida, CO 81201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1002 Rainbow Blvd
    Salida, CO 81201-2959
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1002 Rainbow Blvd, Salida, CO, 81201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!