Well-Appointed Office
For Sale
$610,000
Pending
105 Edwards Village Boulevard, Edwards, CO 81632
Office suite features reception, conference room, enclosed offices, workstations, and a kitchenette with natural light on three sides.
Property Size1,603 SF
Days on Market329
Property Features for 105 Edwards Village Boulevard
General Information
Standard status
Pending
Size
1,603 SF
Property subtype
Office
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$9,326
Amenities
3
Unassigned.
Building Details
Year Built
1997
Stories
2
Listing Agency:
Walter Realty Group, Inc.
(970) 390-8574
Listed By:
Michael Walter
(970) 390-8574
Source:
Xome
Added: Sep 26, 2025
Changed: Aug 20
Last Checked: Aug 20 at 4:37AM
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 Walter Realty Group, Inc.
Investment Insights
Based on property information with market context.
This well-appointed office suite is laid out for professional use and includes a reception area, a conference room, two enclosed office suites, two partially enclosed workstations, and two open workstations. A kitchenette is also included, supporting day-to-day office needs. The space has natural light on three sides and western views, creating a bright, comfortable work environment.
The suite is located within the Edwards Village Center and is surrounded by a mix of services and businesses. On-site and nearby neighbors include the Edwards Post Office, a coffee shop, multiple restaurants and retail stores, three banks, and numerous medical service providers, supporting a service-oriented tenant mix.
The available configuration combines dedicated enclosed space with flexible workstation areas, making it suitable for teams that need both privacy and collaboration within the same office layout.
The suite is located within the Edwards Village Center and is surrounded by a mix of services and businesses. On-site and nearby neighbors include the Edwards Post Office, a coffee shop, multiple restaurants and retail stores, three banks, and numerous medical service providers, supporting a service-oriented tenant mix.
The available configuration combines dedicated enclosed space with flexible workstation areas, making it suitable for teams that need both privacy and collaboration within the same office layout.
Key Highlights
- Professional office suite layout includes reception area, conference room, enclosed offices, and workstations
- Includes kitchenette plus two partially enclosed workstations and two open workstations
- Heating: 3
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
$22,506
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
3.69%
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%
$450,120
$450.1K
Cap Rate 7%
$321,514
$321.5K
Cap Rate 9%
$250,067
$250.1K
Market Conditions
NOI Build-Up for 1,603 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
$38.5K $24.00/SF
− Vacancy
−$8.5K −$5.28/SF
EGI
$30.0K $18.72/SF
− OpEx
−$7.5K −$4.68/SF
NOI
$22.5K $14.04/SF
Area
Eagle County, CO
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$450,120
Cap Rate 7%
$321,514
Cap Rate 9%
$250,067
Alternative Uses
Best Use
Office B
$321.5K
$281.3K – $375.1K
NOI $22,506 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.7K
$384.7K – $513.0K
NOI $30,778 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Explore this area
Business Placement
Demographics for 81632, CO
11,343
Population
5,529
Households
2.1
Avg Household Size
39
Median Age
58%
College-Educated
94%
High-School Grad
115.9 sq mi
ZIP Area
98
Density / Sq Mi
$92,304
Median Household Income
$49,709
Median Earnings
$1,885
Median Rent
$734,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite features reception, conference room, enclosed offices, workstations, and a kitchenette with natural light on three sides.
Where is this office units located?
The property is located at 105 Edwards Village Boulevard Edwards, CO.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Professional office suite layout includes reception area, conference room, enclosed offices, and workstations; Includes kitchenette plus two partially enclosed workstations and two open workstations; Heating: 3
