Two-Story Mixed-Use Corner
For Sale
$2,395,000
105 Capitol Street, Eagle, CO 81631
Two-story, condominiumized mixed-use building with four commercial units and four residential units, all currently leased.
Property Size5,919 SF
Price / SF$404.63
Days on Market432
Property Features for 105 Capitol Street
General Information
Standard status
Active
Size
5,919 SF
Property subtype
Mixed Use
Zoning
Central Business District
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
6%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,245
Amenities
3
Central Business District
Parking.
Lot.
Building Details
Year Built
1999
Stories
2
Tenancy
Multi
Listing Agency:
Berkshire Hathaway-Villa M.
(970) 376-3204
Listed By:
Mark Weinreich · License #FA40038541
(970) 376-3204
Source:
Xome
Added: Jun 5, 2025
Changed: Aug 7
Last Checked: Aug 9 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway-Villa M.
Investment Insights
Based on property information with market context.
Located at 105 Capitol Street, this two-story mixed-use, condominiumized building contains 8 total condo units, split between four commercial units on the first floor and four residential units on the second floor. The property is currently 100% leased. Commercial tenants operate on NNN leases, while residential tenants are on NET leases with all utilities individually metered, including water.
The building occupies a high-visibility corner in the Town of Eagle Central Business District, positioned at the intersection of Grand Avenue (Highway 6) and Capitol Street.
Condo ownership supports flexibility for future planning and configuration while maintaining an income stream from the existing leased mix of first-floor commercial space and second-floor residential units.
The building occupies a high-visibility corner in the Town of Eagle Central Business District, positioned at the intersection of Grand Avenue (Highway 6) and Capitol Street.
Condo ownership supports flexibility for future planning and configuration while maintaining an income stream from the existing leased mix of first-floor commercial space and second-floor residential units.
Key Highlights
- Two‑story mixed‑use building with 8 condo units: 4 commercial on the 1st floor and 4 residential on the 2nd floor
- Approximately 5,919 +/- SF total building area
- 100% leased: commercial tenants on NNN leases and residential tenants on NET leases
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
$82,956
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
3.46%
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%
$1,659,120
$1.7M
Cap Rate 7%
$1,185,086
$1.2M
Cap Rate 9%
$921,733
$921.7K
Market Conditions
NOI Build-Up for 5,919 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
$125.0K $21.12/SF
− Vacancy
−$6.5K −$1.10/SF
EGI
$118.5K $20.02/SF
− OpEx
−$35.6K −$6.01/SF
NOI
$83.0K $14.02/SF
Area
Eagle County, CO
Vacancy
5.20%
Lease Rate
$21.12 /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%
$1,659,120
Cap Rate 7%
$1,185,086
Cap Rate 9%
$921,733
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $82,956 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$1.06M
$929.0K – $1.24M
NOI $74,322 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,645 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
372
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story, condominiumized mixed-use building with four commercial units and four residential units, all currently leased.
Where is this apartment building located?
The property is located at 105 Capitol Street Eagle, CO.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with 8 condo units: 4 commercial on the 1st floor and 4 residential on the 2nd floor; Approximately 5,919 +/- SF total building area; 100% leased: commercial tenants on NNN leases and residential tenants on NET leases
