Listing Agency: LIV Sotheby's Int. Realty-Vail Mountain Haus g***@livsothebysrealty.com Show Phone

Listed By: Corey Lamothe · License #FA40040135 Show Phone

Source: Exprealty

Added: Mar 25 Changed: Oct 10 Last Checked: Oct 24 at 7:59PM

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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 LIV Sotheby's Int. Realty-Vail Mountain Haus

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Investment Insights

Based on property information with market context.

This versatile commercial garage/warehouse offers a functional blank-slate interior and a 14' overhead door designed to accommodate motor coaches, RVs, large vehicles, or equipment. Inside, the space features an 18' ceiling height that can support storage, lifts, or workspace configurations.

The building is equipped with 220V power and heat, making it suitable for year-round use. The interior is ready to be customized to fit the next tenant’s or buyer’s operational needs.

With its combination of tall clearance, vehicle-sized access, and basic building utilities, the space is positioned for users who need straightforward loading and flexible interior planning.

Key Highlights

• Commercial garage/warehouse with a 14' overhead door for motor coaches, RVs, large vehicles, or equipment
• 18' ceiling height provides vertical clearance for storage, lifts, or workspace setups
• Equipped with 220V power and heat for year‑round use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,574

Cap Rate

3.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,480 $311.5K

Cap Rate 7%

$222,486 $222.5K

Cap Rate 9%

$173,044 $173.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,439 SF

Gross rent

$25.9K $18.00/SF

− Vacancy

−$1.9K −$1.35/SF

EGI

$24.0K $16.65/SF

− OpEx

−$8.4K −$5.83/SF

NOI

$15.6K $10.82/SF

Area

Eagle County, CO

Vacancy

7.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,480

Cap Rate 7%

$222,486

Cap Rate 9%

$173,044

Alternative Uses

Best Use

Flex RnD

$222.5K

$194.7K – $259.6K (±1% cap)

NOI $15,574 @ 7.0% cap · market cap 3.80%

Second Best

Industrial

$127.1K

$111.3K – $148.3K (±1% cap)

NOI $8,900 @ 7.0% cap · market cap 2.17%

Theoretical Best

Office A

$394.7K

$345.4K – $460.5K (±1% cap)

NOI $27,629 @ 7.0% cap · market cap 6.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pharmacy Florist Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

235

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Versatile garage/warehouse with a 14' overhead door and 18' ceiling height, plus heat and 220V power.

Where is this flex space located?

The property is located at 108-770 Lindbergh Dr Gypsum, CO.

What is the asking price?

The asking price for this property is $410,000.

What are key features of this property?

This property features: Commercial garage/warehouse with a 14' overhead door for motor coaches, RVs, large vehicles, or equipment; 18' ceiling height provides vertical clearance for storage, lifts, or workspace setups; Equipped with 220V power and heat for year‑round use