Dillon Commercial Suite For
For Sale
$1,500,000
114 Village #101 + 102, Dillon, CO 80435
5,040 SF commercial suite with flexible subdivision options.
Property Size5,040 SF
Lot Size0.12 Acres
Price / SF$297.62
Days on Market312
Property Features for 114 Village #101 + 102
General Information
Standard status
Active
Size
5,040 SF
Lot size
0.12 Acres
Property subtype
Commercial
Amenities
Central air
2 or more Heat Sources Heating
Central Air Cooling
Heat Pump Heating
Building Details
Year Built
1972
Listing Agency:
Ski Colorado Real Estate
(970) 538-8795
Listed By:
LAURA M FISHER
Source:
Corcoran
Added: Oct 15, 2025
Changed: Aug 21
Last Checked: Aug 21 at 8:53AM
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 Ski Colorado Real Estate
Investment Insights
Based on property information with market context.
This 5,040 SF commercial suite is located on the first floor and offers flexibility for potential subdivision into smaller parcels at a negotiated price. The suite features 15 private offices, each equipped with windows, along with two conference rooms. A reception area is present, as well as a kitchen/breakroom. Restrooms are available for both guests and staff. The suite also includes a dedicated IT/server room. The property is fully ADA accessible. A new Mitsubishi VRF heating and cooling system has been installed, which includes air purification. The property is also available for lease at $22/SF NNN.
Key Highlights
- Large 5,040 SF 1st‑floor commercial suite with flexible subdivision options.
- 15 private offices, each with windows.
- New Mitsubishi VRF heating and cooling system with air purification.
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
$84,823
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
5.65%
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%
$1,696,460
$1.7M
Cap Rate 7%
$1,211,757
$1.2M
Cap Rate 9%
$942,478
$942.5K
Market Conditions
NOI Build-Up for 5,040 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
$133.1K $26.40/SF
− Vacancy
−$20.0K −$3.96/SF
EGI
$113.1K $22.44/SF
− OpEx
−$28.3K −$5.61/SF
NOI
$84.8K $16.83/SF
Area
Summit County, CO
Vacancy
15.00%
Lease Rate
$26.40 /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%
$1,696,460
Cap Rate 7%
$1,211,757
Cap Rate 9%
$942,478
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,823 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$100.32M
$87.78M – $117.03M
NOI $7,022,056 @ 7.0% cap · market cap 468.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 80435, CO
8,344
Population
7,778
Households
1.1
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
104.0 sq mi
ZIP Area
80
Density / Sq Mi
$86,023
Median Household Income
$48,554
Median Earnings
$1,539
Median Rent
$882,100
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 - 5,040 SF commercial suite with flexible subdivision options.
Where is this office units located?
The property is located at 114 Village #101 + 102 Dillon, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Large 5,040 SF 1st‑floor commercial suite with flexible subdivision options.; 15 private offices, each with windows.; New Mitsubishi VRF heating and cooling system with air purification.
