Ground-Floor Retail
For Lease
$35 SF/Yr CAM $10 /USD/SF/YR
5 Tree Farm Drive, Basalt, CO 81621
COMMERCIAL - Basalt, CO
Space Size2,002 SF
Days on Market134
Property Features for 5 Tree Farm Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Property condition
Under Construction
Zoning
Commercial
Subdivision
Tree Farm
Directions
Turn in to the treefarm, take a right and go past the Hoffman Hotel and the Kodiak club. Building is straight in front on the lake side.
Standard status
Active
APN
246502217016
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: TREE FARM PUD (THE) Lot: E-2 PHASE 2
Legal Description
Subdivision: TREE FARM PUD (THE) Lot: E-2 PHASE 2
Utilities
Water source
Public
Amenities
lake front
pedestrian underpass
Building Details
Building materials
Concrete, Block
Roof type
Membrane
Listing Agency:
Compass Aspen
(970) 925-6063
Listed By:
Mike Mercatoris · License #FA100074443
(970) 618-7092
Added: Apr 11
Changed: Aug 4
Last Checked: Aug 22 at 10:06AM
MLS# 192381
Copyright © 2026 Aspen Glenwood MLS. 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 2,002 SF ground-floor retail space is offered in shell condition, allowing tenant buildout around existing rough-in plumbing, electrical, and mechanical stubs. The property is lake front and provides direct pedestrian and vehicle access, with on-site parking and shared community parking available. Construction materials include concrete and block, with a membrane roof, public water, and an under-construction condition.
Commercial zoning supports retail, office, medical, fitness, wellness, and professional service uses. The space fronts Highway 82 within Tree Farm Lofts, a mixed-use development that includes 196 residential units and a 122-room Hilton Tapestry Collection Hotel. Across Highway 82, Willits Town Center includes Whole Foods, Element Hotel, and The Steadman Clinic. An RFTA Express Bus Stop is nearby, with a pedestrian underpass connecting to the town center.
Commercial zoning supports retail, office, medical, fitness, wellness, and professional service uses. The space fronts Highway 82 within Tree Farm Lofts, a mixed-use development that includes 196 residential units and a 122-room Hilton Tapestry Collection Hotel. Across Highway 82, Willits Town Center includes Whole Foods, Element Hotel, and The Steadman Clinic. An RFTA Express Bus Stop is nearby, with a pedestrian underpass connecting to the town center.
Key Highlights
- 2,002 SF ground‑floor lake front commercial space
- Highway 82 frontage with direct pedestrian and vehicle access
- Commercial zoning supports retail, office, medical, fitness, wellness, and professional service uses
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 81621, CO
6,034
Population
3,145
Households
1.9
Avg Household Size
41
Median Age
59%
College-Educated
96%
High-School Grad
258.7 sq mi
ZIP Area
23
Density / Sq Mi
$103,721
Median Household Income
$58,008
Median Earnings
$2,220
Median Rent
$1,138,500
Median Home Value
Market
Lease Benchmarks for Basalt, CO
$32.25 /SF/Yr
Avg Asking Price
$24–$35 /SF/Yr
Price Range
This space is priced 9% above the average of $32.25 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Shell-condition premises offer rough-in plumbing, electrical, and mechanical stubs for tenant buildout.
Where is this retail space located?
The property is located at 5 Tree Farm Drive Basalt, CO.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: 2,002 SF ground‑floor lake front commercial space; Highway 82 frontage with direct pedestrian and vehicle access; Commercial zoning supports retail, office, medical, fitness, wellness, and professional service uses
