Office Building with Four
New
For Sale
$1,793,000
114 Village Place, Dillon, CO 80435
Commercial, DILLON, CO
Property Size5,298 SF
Lot Size0.19 Acres
Price / SF$338.43
Days on Market2
Property Features for 114 Village Place
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
DILLON TECH CENTER CONDO
Standard status
Active
APN
6510957
Lot size
0.19 Acres
Utilities
Heating system
Heat Pump (Heating), Central, Oil
Amenities
kitchen/breakroom
exterior signage
T-1 capability
ADA-accessible restrooms
Building Details
Year built
1972
Listing Agency:
Ski Colorado Real Estate, LLC
(970) 538-8795
Listed By:
Laura Fisher
(970) 538-9949
Added: Sep 27
Last Checked: Sep 28 at 12:06PM
MLS# S1071751
Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-level office property is configured as four suites measuring 1,181, 1,427, 1,133, and 1,557 square feet. Each has a separate exterior entrance, ADA-accessible restroom, and a combination of offices and open area, with windows in every suite. A kitchen and breakroom, T-1 capability, and exterior signage are also included. The building is fully leased under long-term agreements with scheduled rent escalations. Recent work includes a Mitsubishi VRF heating and air conditioning system, carpet, paint, and restroom finishes. The HOA manages the property.
Front-door parking serves tenants and visitors, and the property has access to I-70 for travel toward Denver, Vail, and Breckenridge. Built in 1972, the office property occupies a 0.1932-acre lot in Dillon.
Front-door parking serves tenants and visitors, and the property has access to I-70 for travel toward Denver, Vail, and Breckenridge. Built in 1972, the office property occupies a 0.1932-acre lot in Dillon.
Key Highlights
- Four suites: 1,181, 1,427, 1,133, and 1,557 square feet
- Fully leased with long‑term agreements and built‑in rent escalations
- Separate exterior entrance and ADA‑accessible restroom for each suite
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
$89,165
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
4.97%
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%
$1,783,300
$1.8M
Cap Rate 7%
$1,273,786
$1.3M
Cap Rate 9%
$990,722
$990.7K
Market Conditions
NOI Build-Up for 5,298 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
$139.9K $26.40/SF
− Vacancy
−$21.0K −$3.96/SF
EGI
$118.9K $22.44/SF
− OpEx
−$29.7K −$5.61/SF
NOI
$89.2K $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%
$1,783,300
Cap Rate 7%
$1,273,786
Cap Rate 9%
$990,722
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.49M
NOI $89,165 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$105.45M
$92.27M – $123.03M
NOI $7,381,519 @ 7.0% cap · market cap 411.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
621
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Four independently entered suites offer a mix of private offices and open work areas, with restrooms and breakroom space.
Where is this office building located?
The property is located at 114 Village Place Dillon, CO.
What is the asking price?
The asking price for this property is $1,793,000.
What are key features of this property?
This property features: Four suites: 1,181, 1,427, 1,133, and 1,557 square feet; Fully leased with long‑term agreements and built‑in rent escalations; Separate exterior entrance and ADA‑accessible restroom for each suite
