Flex Industrial Garage with
770 Lindbergh Drive Gypsum, CO 81637
770 Lindbergh Drive, Gypsum, CO, 81637
$495,000
For Sale
$495,000
COMMERCIAL - Gypsum, CO
Property Size1,293 SF
Lot Size0.09 Acres
Price / SF$382.83
Days on Market13
Property Features for 770 Lindbergh Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 13 - COMM
- Parking features
- Assigned
- Standard status
- Active
- APN
- 2111-014-08-001
- Size
- 1,293 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Desc: Phase V Subdivision: Eagle River Commercial Center Unit: 601 R200634155 Map 12-14-06 R200634156 Dec 12-14-06
- Tax Annual Amount
- 3828
Utilities
- Utilities
- Water Available
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Steel Siding
Listing agency
Slifer Smith & Frampton- Lionshead
(970) 479-0245
Listed by
Molly Griffin · License #FA40030227
(970) 331-9676
Added: Jul 10 Updated: Jul 17 at 10:31AM Checked: Jul 22 at 4:06PM
MLS# 1014687
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 flex/industrial garage space offers a clean, versatile layout with high ceilings, air conditioning, 220V power, and heat. The space includes a private bathroom and lofted area, which adds additional storage or workspace flexibility. Two parking spaces are positioned at the garage door, and two more are at the front door and windows, supporting convenient arrivals and loading.
The property is located at 770 Lindbergh Drive in Gypsum, Colorado, within Eagle County. Zoned “13 - COMM,” the building is sized at 1,293 square feet on a 0.09-acre lot.
The existing configuration provides both a primary garage area and a loft level. As described, office space could be created by adding a wall below the loft while keeping the garage behind.
The property is located at 770 Lindbergh Drive in Gypsum, Colorado, within Eagle County. Zoned “13 - COMM,” the building is sized at 1,293 square feet on a 0.09-acre lot.
The existing configuration provides both a primary garage area and a loft level. As described, office space could be created by adding a wall below the loft while keeping the garage behind.
Key Highlights
- Immaculate garage space built in 2006
- Garage features high ceilings with a lofted space
- Includes private bathroom and air‑conditioning
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.3k | $18.00 |
| − Vacancy | −$1.7k | −$1.35 |
| EGI | $21.5k | $16.65 |
| − OpEx | −$7.5k | −$5.83 |
| NOI | $14.0k | $10.82 |
1,293 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$199.9K
$174.9K – $233.2K
NOI $13,993 @ 7.0% cap · market cap 2.83%
Second Best
Industrial
$114.2K
$100.0K – $133.3K
NOI $7,997 @ 7.0% cap · market cap 1.62%
Theoretical Best
Office A
$354.7K
$310.3K – $413.8K
NOI $24,826 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Immaculate garage flex space with high ceilings, air conditioning, 220V power, heat, a private bathroom, and a loft.
Where is this flex space located?
The property is located at 770 Lindbergh Drive Gypsum, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Immaculate garage space built in 2006; Garage features high ceilings with a lofted space; Includes private bathroom and air‑conditioning
