7335 W US Highway 50
About This Property
The property is development-ready with a commercial 3/4" water line, paid water and sewer taps, and natural gas to the lot line. Zoned MH - Mixed Use Highway, the parcel offers flexibility for investors, developers, and owner-users looking to establish a presence in one of Colorado's growing mountain communities.
Conveniently located near the Salida Hot Springs Aquatic Center, Walmart, banks, healthcare offices, service stations, restaurants, and other major amenities, the site benefits from strong traffic exposure and easy accessibility along one of Salida's primary commercial corridors.
Bring your vision and capitalize on the continued growth and demand in the Upper Arkansas River Valley.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
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| May 22, 2026 | Listed | $850,000 | |
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| Jul 2, 2024 | Listed | $850,000 | |
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Prime development opportunity along busy US HWY 50 / Rainbow Blvd. Salida, CO. This parcel is ready for your commercial endeavor - multi family, hotel, free standing franchise location, office or retail to name a few. Lot has a commercial 3/4" water line, water /sewer taps paid and natural gas to the lot line. Seller has an engineered concept for a 21 Unit rental suite concept. Bring your commercial development opportunities to the growing community of Salida. Located near Salida hot springs pool, banks, service stations, healthcare offices, Walmart and many other amenities, this is a prime location for development. Check with the city of Salida for future development changes to the zoning which would allow for higher density building opportunities. Parcel was recently appraised at $885,000.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017