Eagle Crossing Shopping Center
For Sale
$6,990,000
50 Chambers Avenue, Eagle, CO 81631
Commercial units for sale in Eagle Crossing Shopping Center.
Property Size40,517 SF
Lot Size0.63 Acres
Price / SF$172.52
Days on Market1012
Property Features for 50 Chambers Avenue
General Information
Standard status
Active
Size
40,517 SF
Lot size
0.63 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$47,935
Amenities
Metal Roof
Asphalt Roof
Forced Air Heating
Natural Gas Heating
Parking Lot
Building Details
Year Built
2003
Listing Agency:
COLDWELL BANKER DISTINCTIVE PROPERTIES
(970) 476-2113
Listed By:
SCOTT E SCHLOSSER
Source:
Corcoran
Added: Nov 4, 2023
Changed: Aug 9
Last Checked: Aug 9 at 8:06PM
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 COLDWELL BANKER DISTINCTIVE PROPERTIES
Investment Insights
Based on property information with market context.
Eagle Crossing Shopping Center offers commercial units for sale, including units A, B, C, E, F, I, L, M, and N, as well as the bowling alley lower level. The property has direct access to the Eagle River, town park, and History Museum. The offering is for the remainder of the un-purchased Units in the building as a bulk sale. The sale does not include the bowling alley business or any other operating businesses. The property is 100% leased. The building and land encompass a total property size of 40517 square feet.
Key Highlights
- Includes Eagle's only bowling alley space (lower level).
- Bulk sale of multiple units (A, B, C, E, F, I, L, M, N).
- Property is 100% leased.
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
$567,855
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
8.12%
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%
$11,357,100
$11.4M
Cap Rate 7%
$8,112,214
$8.1M
Cap Rate 9%
$6,309,500
$6.3M
Market Conditions
NOI Build-Up for 40,517 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
$855.7K $21.12/SF
− Vacancy
−$44.5K −$1.10/SF
EGI
$811.2K $20.02/SF
− OpEx
−$243.4K −$6.01/SF
NOI
$567.9K $14.02/SF
Area
Eagle County, CO
Vacancy
5.20%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
30.00%
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%
$11,357,100
Cap Rate 7%
$8,112,214
Cap Rate 9%
$6,309,500
Alternative Uses
Best Use
Retail
$8.11M
$7.10M – $9.46M
NOI $567,855 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.11M
$9.72M – $12.97M
NOI $777,926 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 81631, CO
9,017
Population
3,137
Households
2.9
Avg Household Size
39
Median Age
52%
College-Educated
93%
High-School Grad
220.4 sq mi
ZIP Area
41
Density / Sq Mi
$104,430
Median Household Income
$54,994
Median Earnings
$1,685
Median Rent
$717,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Commercial units for sale in Eagle Crossing Shopping Center.
Where is this shopping center located?
The property is located at 50 Chambers Avenue Eagle, CO.
What is the asking price?
The asking price for this property is $6,990,000.
What are key features of this property?
This property features: Includes Eagle's only bowling alley space (lower level).; Bulk sale of multiple units (A, B, C, E, F, I, L, M, N).; Property is 100% leased.
