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    111-121 E 3 St Rifle, CO 81650
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    Property profile & analytics

    111-121 E 3 St, Rifle, CO 81650

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    • Office buildings
    • 8,907 SF
    • 0.14 lot acres
    For Lease
    $325/Mo
    View Listing →
    Affordable Private Offices in Rifle, CO For Lease
    $325/Mo

    Affordable Private Offices in Rifle, CO

    Private offices for rent in renovated building with upgraded amenities.

    111-121 E 3rd Street, Rifle, CO 81650
    View Listing
    Property ID
    US13-0312483
    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

    • Office buildings

    Property Details for 111-121 E 3 St

    Year built
    1905
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property type
    Office buildings
    APN
    217716215013
    APU
    217716215013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 7, 2022 — The Chris Clark LLC — Deed · related $616k · Bank Of Colorado
    Jan 11, 2017 — Chris Clark LLC Clark,chris Quit Claim Deed · related —
    Dec 8, 2016 — Chris Clark Midland LLC Grant Deed $931k · Bank Of Co
    — — Midland LLC — Loan Modification · related $350k · Us Bank NA
    — — Midland LLC — Deed Of Trust · related $400k · Us Bank NA
    — — Midland LLC — Deed Of Trust · related $700k · Us Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,384,000
      Market price range: $1.38M - $4.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rifle
    County
    Garfield
    State
    Colorado
    Longitude
    -107.783
    Latitude
    39.5313
    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
    $9,961
    $31,380
    $109,800
    $141,180
    -
    $112,500
    $393,570
    $506,070

    Comparable in this City

    • Value Estimation
      $885,000
      7,417 SF

      1400 Access Rd

      OFFICE BUILDING
      1400 Access Rd, Rifle, CO 81650-2634
      View Details
    • Value Estimation by Request
      3,700 SF

      131 3rd St

      OFFICE BUILDING
      131 3rd St, Rifle, CO 81650-2203
      View Details
    • Value Estimation by Request
      1,875 SF

      2143 Airport Rd

      OFFICE BUILDING
      2143 Airport Rd, Rifle, CO 81650-8451
      View Details
    • Value Estimation
      $635,000
      1,830 SF

      543 Ww Ave

      OFFICE BUILDING
      543 Ww Ave, Rifle, CO 81650-3553
      View Details
    • Value Estimation
      $2,630,000
      22,500 SF

      400 7th S St

      OFFICE BUILDING
      400 7th S St, Rifle, CO 81650-2722
      View Details
    • Value Estimation by Request
      8,400 SF

      201 3rd St

      OFFICE BUILDING
      201 3rd St, Rifle, CO 81650-2245
      View Details

    Similar Nearby for Sale

    • $350,000
      1,438 SF

      Furnished Commercial Space in Rifle

      Move-in ready, furnished commercial office suite in downtown Rifle, Colorado.
      450 West Ave, Rifle, CO 81650
      View Details
    • $2,900,000
      13,200 SF

      Rifle Commercial Property with I-70 Visibility

      Integrated industrial asset with real estate, business, and inventory.
      Rifle, CO 81650
      View Details
    • New
      $225,000
      1,065 SF

      Second-Floor Office/Studio Suite

      Open-concept second-floor suite with elevator access and plumbing for an additional private restroom.
      450 West Ave, Rifle, CO 81650
      View Details
    • $385,000
      1,468 SF

      Rifle Commercial Property with Potential

      Corner lot with potential for home-based business or residential use.
      758 Rail Road Ave, Rifle, CO 81650
      View Details
    • $2,500,000
      55.00 Acres

      55 Acres Agricultural Land Rifle

      55 acres of agricultural land with water rights.
      352 ''County Cmplexse'', Rifle, CO 81650
      View Details
    • $7,500,000
      75.00 Acres

      75 Acres Agricultural Land Rifle

      75 acres of agricultural land near Rifle Airport.
      Cty Rd 352''Adj Airport NE, Rifle, CO 81650
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Commercial Space in Rifle, CO

      Commercial space for rent near I-70 and local amenities.
      707 Wapiti Ave, Rifle, CO 81650
      View Details
    • $325 /Mo
      6,098 SF

      Affordable Private Offices in Rifle, CO

      Private offices for rent in renovated building with upgraded amenities.
      111-121 E 3 St, Rifle, CO 81650
      View Details
    • $7,750 /Mo
      9,300 SF

      Office/Warehouse with Gravel Yard

      Functional contractor-friendly space with office showroom and a clear-span warehouse plus yard for equipment storage.
      2001 County Rd 319, Rifle, CO 81650
      View Details
    • $14 SF/Yr

      Warehouse Space in Rifle, Colorado

      1265 SF warehouse space with included utilities for rent.
      2106 Access Rd, Rifle, CO 81650
      View Details
    • $16 SF/Yr

      Rifle Warehouse with Roll-Up Doors

      2250 SF warehouse with gated entrance and negotiable yard.
      762 Buckhorn Dr, Rifle, CO 81650
      View Details
    • $1,050 /Mo

      West Rifle Warehouse Units

      Warehouse units for rent in West Rifle, Colorado.
      2104 Access Rd, Rifle, CO 81650
      View Details
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    Rifle, CO 81650
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    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.

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