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120 N Railroad Ave 11,232 SF 85% Leased Office Building Parachute, CO 81635 $700,000 ($62.32/SF) 7.09% Cap Rate
Executive Summary
Downtown Parachute investment property , Nearly 7% cap rate. Two-story commercial building in the heart of downtown Parachute. Post Office is primary tenant on main floor. Solid rental income. The main floor is divided between two tenants, The Post Office occupying two-thirds of the space and the other utilizing the remaining third, which includes a private bathroom and sink area, The second floor features multiple office suites of varying sizes, shared restrooms, a kitchenette, and a large conference room. This property offers stable tenants and a strong return.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,232 SF
Building Class
B
Year Built
1982
Price
$700,000
Price Per SF
$62.32
Cap Rate
7.09%
NOI
$49,655
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,992 SF
Building FAR
0.89
Lot Size
0.29 AC
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R480038 | Total Assessment | $88,940 |
| Land Assessment | $20,250 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $68,690 | Tax Year | 2025 |
Property Taxes
Parcel Number
R480038
Land Assessment
$20,250
Improvements Assessment
$68,690
Total Assessment
$88,940
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
120 N Railroad Ave