Two-Story Flex
For Sale
$525,000
Pending
210 Marmot Lane, Eagle, CO 81631
Commercial Sale, Eagle, CO
Property Size2,197 SF
Lot Size0.13 Acres
Days on Market153
Property Features for 210 Marmot Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
light industrial
Parking
2
Subdivision
Eagle
Standard status
Pending
APN
1939-331-12-004
Size
2,197 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: KEYSTONE BUSINESS PARK FILING 2 Unit: A-4 R768479 MAP 09-27-01 R769753 DEC 10-12-01
Tax Annual Amount
5222
HOA Fee
$400 Monthly
Legal Description
Subdivision: KEYSTONE BUSINESS PARK FILING 2 Unit: A-4 R768479 MAP 09-27-01 R769753 DEC 10-12-01
Building Details
Floors in Building
2
Listing Agency:
Berkshire Hathaway - Edwards · Berkshire Hathaway HomeServices
(970) 926-8440
Listed By:
Chad Brasington · License #COFA40012306
(970) 390-7200
Added: Apr 8
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
MLS# 1013883
Copyright © 2026 Vail Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story flex property contains 2,197 square feet, with roughly 1,400 square feet on the main level and 800 square feet upstairs. The layout offers space for office and reception improvements, while the entry and reception area remains unfinished following an earlier leak. A new gas meter and boiler are in place.
The unit occupies the front building corner and includes one garage bay, two parking spaces directly in front, and additional overflow parking at the east end of the property. Light industrial zoning supports its commercial positioning, with the unfinished entry area providing a defined build-out component for the next owner.
The unit occupies the front building corner and includes one garage bay, two parking spaces directly in front, and additional overflow parking at the east end of the property. Light industrial zoning supports its commercial positioning, with the unfinished entry area providing a defined build-out component for the next owner.
Key Highlights
- 2,197‑square‑foot two‑story flex property
- Roughly 1,400 square feet on the main level and 800 square feet upstairs
- Light industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,846
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,920
$616.9K
Cap Rate 7%
$440,657
$440.7K
Cap Rate 9%
$342,733
$342.7K
Market Conditions
NOI Build-Up for 2,197 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.7K $24.00/SF
− Vacancy
−$11.6K −$5.28/SF
EGI
$41.1K $18.72/SF
− OpEx
−$10.3K −$4.68/SF
NOI
$30.8K $14.04/SF
Area
Eagle County, CO
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,920
Cap Rate 7%
$440,657
Cap Rate 9%
$342,733
Alternative Uses
Best Use
Office B
$440.7K
$385.6K – $514.1K
NOI $30,846 @ 7.0% cap · market cap 5.88%
Second Best
Flex RnD
$339.7K
$297.2K – $396.3K
NOI $23,777 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$602.6K
$527.3K – $703.0K
NOI $42,182 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 81631, CO
9,017
Population
3,137
Households
2.9
Avg Household Size
39
Median Age
52%
College-Educated
93%
High-School Grad
220.4 sq mi
ZIP Area
41
Density / Sq Mi
$104,430
Median Household Income
$54,994
Median Earnings
$1,685
Median Rent
$717,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Corner-unit industrial space with light industrial zoning, a garage bay, and dedicated front parking.
Where is this flex space located?
The property is located at 210 Marmot Lane Eagle, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,197‑square‑foot two‑story flex property; Roughly 1,400 square feet on the main level and 800 square feet upstairs; Light industrial zoning
