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1944 Airport Rd 14,024 SF 100% Leased Industrial Building Rifle, CO 81650 $3,067,000 ($218.70/SF) 7% Cap Rate
Executive Summary
New Commercial Warehouse in Rifle, CO fully stabalized with strong tenants, priced at a 7% Cap Rate. With over 14,000 SF, fenced yard space, and I-70 visibility and access. Sitting on nearly 1.5 Acres, the building has appx 12k sf oh high-eave shop with four (4) 14' OH doors & 3phase power, and appx 2000 SF of brand new office space on the 2nd level. Located in the heart of Rifle Business Park, close to I-70 Exit ramp, and visibility from the Interstate. Building currently demised into 3 separate units, allowing for a user to occupy the whole building if needed, or to occupy a portion and lease out the other units for supplemental income.
Property Facts
| Price | $3,067,000 | Lot Size | 1.47 AC |
| Price Per SF | $218.70 | Rentable Building Area | 14,024 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 7% | Year Built | 2022 |
| Property Type | Industrial | Parking Ratio | 2.07/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | LI PUD | ||
| Price | $3,067,000 |
| Price Per SF | $218.70 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.47 AC |
| Rentable Building Area | 14,024 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 2.07/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | LI PUD |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R041326 | Improvements Assessment | $755,290 |
| Land Assessment | $85,620 | Total Assessment | $840,910 |
Property Taxes
Parcel Number
R041326
Land Assessment
$85,620
Improvements Assessment
$755,290
Total Assessment
$840,910
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1944 Airport Rd