End-Unit Triplex
For Sale
$1,149,000
82 Lynx Circle, Gypsum, CO 81637
Residential, Gypsum, CO
Property Size3,245 SF
Lot Size0.05 Acres
Price / SF$354.08
Days on Market104
Property Features for 82 Lynx Circle
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
multi-family
Bedrooms
3
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 3, Game Room, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2
Parking features
Garage
Interior features
Fireplace - Gas, Multi-Level, Vaulted Ceiling(s), Wired for Cable
Fireplace
1
Basement
Finished
Appliances
Built-In Gas Oven, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Washer/Dryer
Subdivision
The Villas at Cotton Ranch
Standard status
Active
APN
2111-082-30-007
Size
3,245 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: VILLAS AT COTTON RANCH FILING 3 Lot: 65
Tax Annual Amount
5228
HOA Fee
$275 Monthly
Legal Description
Subdivision: VILLAS AT COTTON RANCH FILING 3 Lot: 65
Utilities
Utilities
Water Available
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Amenities
patio
central air conditioning
Building Details
Year built
2018
Floors in Building
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Frame, Cement Siding, Stone, Wood Siding
Listing Agency:
Keller Williams Mtn Properties · Keller Williams Realty
(970) 476-1600
Listed By:
Brooke Gagnon · License #FA100013648
(970) 688-0915
Added: May 23
Changed: Sep 2
Last Checked: Sep 3 at 4:06AM
MLS# 1014210
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 2018 end-unit triplex property at 82 Lynx Circle offers 3,245 square feet across multiple levels. The main floor includes an open great room, kitchen, study, laundry room, and primary bedroom, while additional bedrooms and bathrooms are positioned upstairs. A lower-level area provides room for recreation or wellness uses, along with 360+/- square feet of unfinished space. Interior features include a gas fireplace, vaulted ceilings, central air conditioning, forced-air natural gas heat, and a two-car garage.
The property occupies 0.05 acres and has a south-facing patio with views toward the mountains and the 8th tee box at Gypsum Creek Golf Course. Multi-family zoning and available water service are also documented.
The property occupies 0.05 acres and has a south-facing patio with views toward the mountains and the 8th tee box at Gypsum Creek Golf Course. Multi-family zoning and available water service are also documented.
Key Highlights
- 3,245‑square‑foot multi‑level property built in 2018
- End‑unit position with south‑facing patio and mountain views
- 360+/- square feet of unfinished lower‑level space
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
$44,880
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
3.91%
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%
$897,600
$897.6K
Cap Rate 7%
$641,143
$641.1K
Cap Rate 9%
$498,667
$498.7K
Market Conditions
NOI Build-Up for 3,245 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
$82.9K $25.56/SF
− Vacancy
−$18.8K −$5.80/SF
EGI
$64.1K $19.76/SF
− OpEx
−$19.2K −$5.93/SF
NOI
$44.9K $13.83/SF
Area
Eagle County, CO
Vacancy
22.70%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
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%
$897,600
Cap Rate 7%
$641,143
Cap Rate 9%
$498,667
Alternative Uses
Best Use
Multifamily LT 5
$641.1K
$561.0K – $748.0K
NOI $44,880 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$582.1K
$509.3K – $679.1K
NOI $40,746 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$890.1K
$778.8K – $1.04M
NOI $62,304 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 81637, CO
9,845
Population
3,291
Households
3
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
787.3 sq mi
ZIP Area
13
Density / Sq Mi
$108,556
Median Household Income
$47,262
Median Earnings
$2,162
Median Rent
$549,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Multi-level layout includes a private study, upper-level bedrooms, and unfinished space for storage or customization.
Where is this triplex located?
The property is located at 82 Lynx Circle Gypsum, CO.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 3,245‑square‑foot multi‑level property built in 2018; End‑unit position with south‑facing patio and mountain views; 360+/- square feet of unfinished lower‑level space
