Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2245 Bear Dr Steamboat Springs, CO 80487

    Sponsored
    For Sale
    $975,000

    Residential Improved Land - Steamboat Springs, CO

    Lot size:
    1.37 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 4 at 9:06 pm

    Property Features for 2245 Bear Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R6259337
    Lot size
    1.37 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kenny Reisman

    The Agency Steamboat Springs (970) 457-6880

    Listing agent Kenny Reisman (970) 457-6880

    Listing date Feb 4, 2026

    MLS# S1066153 Listing URL

    Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Steamboat Springs Residential Land Homesite

    This 1.37-acre residential homesite is located in the Running Bear neighborhood. The gently sloping land offers western-facing sunset views across the Yampa Valley, Emerald Mountain, and the distant Flat Tops. The site is comprised of aspen groves and mature pines, backing to acres of open space. The location provides access to nature and privacy, combined with the convenience of living within Steamboat Springs city limits. Running Bear is known for its large lots and unobstructed views and is located less than two miles from the Steamboat Ski Resort, providing access to year-round recreation, shopping, and dining. This property presents the opportunity to design a private mountain retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.797769
    Latitude
    40.443871

    Nearby Similar for Sale

    • $3,800,000
      0.43 Acres

      Turnkey Restaurant on Yampa Street

      Fully equipped fine dining restaurant in downtown Steamboat Springs.
      910 Yampa St, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing
      0.11 Acres

      Steamboat Springs Medical/Professional Office Space

      Functional office space in a serene, accessible Steamboat Springs location.
      505 Anglers Dr, Steamboat Springs, CO 80487
      View Details
    • New
      $1,725,000
      2,125 SF

      Steamboat Springs Medical/Professional Office

      Prime office space in a sought-after Steamboat Springs location.
      505 Anglers Dr, Steamboat Springs, CO 80487
      View Details
    • New
      $549,000
      1,086 SF

      Industrial Warehouse in Copper Ridge

      Premier industrial warehouse space minutes from downtown Steamboat Springs.
      1700 Copper Ridge Spur, Steamboat Springs, CO 80487
      View Details
    • $1,100,000

      Commercial Suite in Downtown Steamboat

      Single-level commercial suite with potential for various business uses.
      942 Oak St, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing

      Restaurant Space in Growing Area

      Modern restaurant space with patio in Steamboat Springs growth corridor.
      1901 Curve Plz, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing
      0.08 Acres

      Updated Office Space in Steamboat

      Move-in-ready office space with modern amenities and high visibility.
      625 S Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    • $210,000
      0.13 Acres

      Steamboat Springs Professional Office Space

      Bright office space with views, shared amenities, and easy parking.
      2507 Riverside Dr, Steamboat Springs, CO 80487
      View Details
    • $2,800,000
      0.43 Acres

      Yampa Street Commercial Space For Sale

      Commercial space in downtown Steamboat Springs, suitable for various uses.
      910 Yampa St, Steamboat Springs, CO 80487
      View Details
    • New
      $175,000
      0.13 Acres

      Steamboat Springs Professional Office Space

      Professional office space suitable for light retail in Steamboat Springs.
      2507 Riverside Dr, Steamboat Springs, CO 80487
      View Details
    • $4,675,000

      Steamboat Springs Commercial Opportunity

      Multi-use building on 2.16 acres with highway frontage.
      1707 Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    • $1,490,000

      Downtown Steamboat Springs Commercial Property

      Established business and real estate opportunity in Steamboat Springs' vibrant downtown.
      700 Yampa St, Steamboat Springs, CO 80487
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.37-acre residential homesite with views and easy access to amenities.
    Where is this residential land & home lot located?
    The property is located at 2245 Bear Dr Steamboat Springs, CO.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Extraordinary western-facing sunset views across the Yampa Valley, Emerald Mountain, and the distant Flat Tops.; - Located less than two miles from the Steamboat Ski Resort, providing easy access to year-round recreation, shopping, and dining.; - One of the few remaining vacant lots in the coveted Running Bear neighborhood.
    (970) 457-6880
    Request Owner's contact information
    2245 Bear Dr Steamboat Springs, CO 80487
    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.
    2245 Bear Dr
    Steamboat Springs, CO 80487
    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
    2245 Bear Dr Steamboat Springs, CO 80487
    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

    We can help!
    Listing Contact
    Kenny Reisman
    (970) 457-6880
    Learn more
    Google sign-in failed. Please try again or use another login method.