Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10901 County Rd 117 Glenwood Springs, CO 81601-4541
    Property profile & analytics

    10901 County Rd 117 Glenwood Springs, CO 81601-4541

    View on Map
    • Sports & entertainment properties
    • 12,319 SF
    • 183.17 lot acres
    Off-Market
    Property ID
    US13-1049664
    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
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 10901 County Rd 117

    Year built
    1965
    Construction
    METAL FRAME
    Lot size
    183.17 lot acres
    Property size
    12,319 SF
    Property type
    Sports & entertainment properties
    APN
    239533300051
    APU
    239533300051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $810,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood Springs
    County
    Garfield
    State
    Colorado
    Longitude
    -107.339
    Latitude
    39.3999
    CBSA code
    24060
    CBSA name
    GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

    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
    $97,314
    $1,068,530
    $259,160
    $1,327,690
    -
    $3,829,860
    $928,880
    $4,758,740

    Comparable in this City

    • Value Estimation by Request
      54.98 Acres

      Glenwood Springs, CO 81601

      RECREATIONAL, ENTERTAINMENT • 54.98 Acres
      Glenwood Springs, CO 81601
      View Details
    • Value Estimation
      $960,000
      58,900 SF

      401 Riv St

      RECREATIONAL, ENTERTAINMENT • 58,900 SF
      401 Riv St, Glenwood Springs, CO 81601-3144
      View Details
    • Value Estimation
      $3,870,000
      6,654 SF

      709 6th St

      RECREATIONAL, ENTERTAINMENT • 6,654 SF
      709 6th St, Glenwood Springs, CO 81601-3113
      View Details
    • Value Estimation by Request
      18.99 Acres

      Glenwood Springs, CO 81601

      RECREATIONAL, ENTERTAINMENT • 18.99 Acres
      Glenwood Springs, CO 81601
      View Details
    • Value Estimation by Request
      10.01 Acres

      Glenwood Springs, CO 81601

      RECREATIONAL, ENTERTAINMENT • 10.01 Acres
      Glenwood Springs, CO 81601
      View Details
    • Value Estimation by Request
      9.76 Acres

      Glenwood Springs, CO 81601

      RECREATIONAL, ENTERTAINMENT • 9.76 Acres
      Glenwood Springs, CO 81601
      View Details

    Similar Nearby for Sale

    • $315,000
      0.25 Acres

      Residential Land in Pinyon Mesa

      Flat 0.25-acre lot for a dream home.
      95 Cliffrose Way, Glenwood Springs, CO 81601
      View Details
    • $675,000
      1,675 SF

      Glenwood Springs Office Condo

      Ground-level office condo with private entrance in Glenwood Springs.
      2520 S Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $1,350,000
      3,405 SF

      Downtown Glenwood Springs Commercial Building

      3405 SF building in Glenwood Springs Opportunity Zone.
      818 Grand Ave, Glenwood Springs, CO 81601
      View Details
    • $195,000
      0.29 Acres

      Glenwood Springs Land with Mountain Views

      Vacant land with mountain views, ready for building.
      305 Old Midland Spur, Glenwood Springs, CO 81601
      View Details
    • $1,350,000
      3,807 SF

      Glenwood Springs Income Property

      Rare downtown income property with endless potential and flexibility.
      1015 Grand Ave, Glenwood Springs, CO 81601
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr

      Glenwood Springs Retail Opportunity

      Turnkey retail space in high-traffic Glenwood Springs location.
      35 Market St, Glenwood Springs, CO 81601
      View Details
    • $29 SF/Yr

      Commercial Land in Glenwood Springs

      Commercial land available for rent in Glenwood Springs, Colorado.
      35 Market St, Glenwood Springs, CO 81601
      View Details
    • Contact for pricing

      Retail Space with Highway Visibility

      Retail spaces available with excellent highway visibility and access.
      51027 Highway 6, Glenwood Springs, CO 81601
      View Details
    • Contact for pricing

      Turnkey Salon Space Available

      Salon/Day Spa space in Glenwood Springs' busiest location.
      35 Market St, Glenwood Springs, CO 81601
      View Details
    • Contact for pricing

      Glenwood Meadows Commercial Space

      Versatile 1446 SF commercial space in Glenwood Meadows.
      40 Market St, Glenwood Springs, CO 81601
      View Details
    • $29 SF/Yr
      2,614 SF

      Renovated Commercial Building on Grand

      Renovated commercial building in downtown Glenwood Springs with parking.
      818 Grand Ave, Glenwood Springs, CO 81601
      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.
    10901 County Rd 117
    Glenwood Springs, CO 81601-4541
    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
    10901 County Rd 117, Glenwood Springs, CO, 81601
    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!