Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    310 Rainbow Blvd Salida, CO 81201-2234
    Back to Search
    Property profile & analytics

    310 Rainbow Blvd, Salida, CO 81201-2234

    View on Map
    • Grocery and convenience stores
    • 2,400 SF
    • 0.70 lot acres
    Off-Market
    Last Sale Aug 2, 2021
    $1,875,000
    Property ID
    US13-1369554
    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
    $1,870,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Phillips 66 / Gas Station
    • Alta Convenience / Grocery & Convenience Store
    • Stop 'n Save / Grocery & Convenience Store
    • ATM / Atm

    Property Details for 310 Rainbow Blvd

    Year built
    1985
    Construction
    FRAME
    Lot size
    0.70 lot acres
    Property type
    Grocery and convenience stores
    APN
    R380706400022
    APU
    R380706400022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 7, 2026 $2,086,400 Coco Salida LLC Vereit Real Estate LP Special Warranty Deed $1.4M · High Country Bank
    Aug 2, 2021 $1,875,000 Vereit Real Estate LP Cf Altitude Propco LLC Special Warranty Deed —
    Jan 19, 2021 $599,000 Cf Altitude Propco LLC Iowa Corporation Special Warranty Deed $46.3M · Wells Fargo Bank NA
    Oct 1, 2013 $305,000 Pester Marketing Co Medsker Family Partnership Lllp Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,860,000
      ML approach
      $1,820,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Salida
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.007
    Latitude
    38.5245

    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
    $17,337
    $130,120
    $267,730
    $397,850
    -
    $466,383
    $989,610
    $1,455,993

    Comparable in this City

    • Value Estimation
      $3,860,000
      39,482 SF

      232 G St

      GROCERY, SUPERMARKET
      232 G St, Salida, CO 81201-2019
      View Details
    • Value Estimation
      $615,000
      19,404 SF

      200 F St

      GROCERY, SUPERMARKET
      200 F St, Salida, CO 81201-2104
      View Details
    • Value Estimation
      $1,405,000
      2,520 SF

      337 1st St

      CONVENIENCE STORE
      337 1st St, Salida, CO 81201-1601
      View Details
    • Value Estimation by Request
      3,612 SF

      448 Rainbow Blvd

      CONVENIENCE STORE
      448 Rainbow Blvd, Salida, CO 81201-2704
      View Details
    • Value Estimation by Request
      419 SF

      130 Sackett Ave, Unit B

      RETAIL STORES (PERSONAL SERVICES)
      130 Sackett Ave, Salida, CO 81201-2007
      View Details
    • Value Estimation by Request
      1,238 SF

      124 2nd St

      BARBER, HAIR SALON
      124 2nd St, Salida, CO 81201-2004
      View Details

    Similar Nearby for Sale

    • $1,100,000
      0.26 Acres

      Versatile Commercial Space in Salida

      3,031 sq ft commercial space in mixed-use development, Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $700,000
      0.26 Acres

      New Retail/Office Space in Salida

      Under construction retail or office space in desirable Salida location.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $350,000

      Commercial Space in Mixed-Use Development

      912 sq ft commercial space in Salida, CO, coming Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $545,000
      1,299 SF

      Salida Retail Gem: Historic Downtown

      Prime Salida location, historic building, long-term lease.
      105 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
    • New
      $1,150,000
      0.48 Acres

      Turn-Key Steakhouse and Bar

      Turn-key restaurant and bar offering a fully equipped kitchen, two dining rooms, and high-visibility Hwy 50 access.
      710 Milford St, Salida, CO 81201
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • 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

    Property Visit Statistics

    • Visits by month
      6.8k
    • Visitors by month
      6.3k
    • Avg Time on site
      6 min
    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.
    310 Rainbow Blvd
    Salida, CO 81201-2234
    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
    310 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!