Commercial Garage
For Sale
$420,000
108-770 Lindbergh Dr, Gypsum, CO
Versatile garage/warehouse with a 14' overhead door and 18' ceiling height, plus heat and 220V power.
Property Size1,439 SF
Price / SF$291.87
Days on Market136
Property Features for 108-770 Lindbergh Dr
General Information
Standard status
Active
Size
1,439 SF
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Listing Agency:
LIV Sotheby's Int. Realty- Vail Bridge Street
(303) 918-1644
Listed By:
Corey Lamothe · License #FA40040135
(303) 918-1644
Source:
Exprealty
Added: Mar 25
Changed: Jul 20
Last Checked: Jul 31 at 2:53PM
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 Bridge Street
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.
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 = 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
$15,574
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
3.71%
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%
$311,480
$311.5K
Cap Rate 7%
$222,486
$222.5K
Cap Rate 9%
$173,044
$173.0K
Market Conditions
NOI Build-Up for 1,439 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
$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 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%
$311,480
Cap Rate 7%
$222,486
Cap Rate 9%
$173,044
Alternative Uses
Best Use
Flex RnD
$222.5K
$194.7K – $259.6K
NOI $15,574 @ 7.0% cap · market cap 3.71%
Second Best
Warehouse
$154.4K
$135.1K – $180.1K
NOI $10,807 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$394.7K
$345.4K – $460.5K
NOI $27,629 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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 $420,000.
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
