Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1855 Shield Dr Steamboat Springs, CO 80487

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,700,000

    13,090 SF leased retail building on 1.76 acres.

    Property Features for 1855 Shield Dr

    General Information

    Standard status
    Active

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    Christopher Sias
    Source: Corcoran

    Listing Agency: THE AGENCY STEAMBOAT SPRINGS Listing Agent: Christopher Sias

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Leased Retail Building with Redevelopment Potential

    The property at 1855 Shield Drive is a fully leased investment opportunity with significant redevelopment potential. The 13,090 square foot retail building is situated on 1.76 acres and is zoned industrial, which permits big box retail. Approximately 84% of the space is occupied by iFurnish under a NNN lease, with Interiors with Altitude occupying the remaining portion. The property features a covered loading area with a roll-up door at the rear. Surface parking is available for thirty-nine vehicles. The metal roof was replaced in late 2025. The property is located on the west side of Steamboat in a growth area. The surrounding area includes the mixed-use Basecamp project, which features apartments, townhomes, and commercial space, as well as Curve Plaza with restaurants and retail, Ace Hardware, and various other commercial and residential developments. The annual average daily traffic count on the east side of the nearby intersection of US 40 and CO 129 is 24,000. The industrial zoning allows a variety of uses by right, and rezoning may be possible in conjunction with redevelopment.
    Location Intelligence

    Current Use by Public Records

    Interiors With Altitude Interior Design Search MOXIE Home Decor Store Steamboat Mattress Home Decor Store iFurnish Furniture & Home Goods Hawks Ridge Pottery (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Big Box & Wholesale Store Building Supply Nail Salon Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.8571668
    Latitude
    40.5004916

    Nearby Similar for Sale

    • $549,000
      1,086 SF

      Industrial Warehouse in Copper Ridge

      Premier industrial warehouse space minutes from downtown Steamboat Springs.
      1700 Copper Ridge Spur, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing
      0.30 Acres

      Steamboat Springs Office Space Available

      Functional office space near downtown and ski area.
      1169 Hilltop Pkwy, Steamboat Springs, CO 80487
      View Details
    • $1,725,000
      2,125 SF

      Steamboat Springs Medical/Professional Office

      Prime office space in a sought-after Steamboat Springs location.
      505 Anglers Dr, Steamboat Springs, CO 80487
      View Details
    • $3,800,000
      0.43 Acres

      Turnkey Restaurant on Yampa Street

      Fully equipped fine dining restaurant in downtown Steamboat Springs.
      910 Yampa St, Steamboat Springs, CO 80487
      View Details
    • $175,000
      0.13 Acres

      Steamboat Springs Professional Office Space

      Professional office space suitable for light retail in Steamboat Springs.
      2507 Riverside Dr, Steamboat Springs, CO 80487
      View Details
    • $1,100,000

      Commercial Suite in Downtown Steamboat

      Single-level commercial suite with potential for various business uses.
      942 Oak St, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing
      0.08 Acres

      Updated Office Space in Steamboat

      Move-in-ready office space with modern amenities and high visibility.
      625 S Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    • $2,800,000
      0.43 Acres

      Yampa Street Commercial Space For Sale

      Commercial space in downtown Steamboat Springs, suitable for various uses.
      910 Yampa St, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing
      0.11 Acres

      Steamboat Springs Medical/Professional Office Space

      Functional office space in a serene, accessible Steamboat Springs location.
      505 Anglers Dr, Steamboat Springs, CO 80487
      View Details
    • $210,000
      0.13 Acres

      Steamboat Springs Professional Office Space

      Bright office space with views, shared amenities, and easy parking.
      2507 Riverside Dr, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing

      Restaurant Space in Growing Area

      Modern restaurant space with patio in Steamboat Springs growth corridor.
      1901 Curve Plz, Steamboat Springs, CO 80487
      View Details
    • New
      $4,200,000
      4,009 SF

      Renovated Mountain Residence with ADU

      Renovated mountain residence with ADU, RV garage, and gym.
      1791 &1793 Mdw Ln, Steamboat Springs, CO 80487
      View Details

    FAQs

    What type of property is this?
    Retail space - 13,090 SF leased retail building on 1.76 acres.
    Where is this retail space located?
    The property is located at 1855 Shield Dr Steamboat Springs, CO.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: - 100% leased investment property providing immediate income.; - Significant redevelopment potential due to industrial zoning with big box retail allowed.; - Located in a growth area of Steamboat with high traffic counts (24,000 AADT).
    (970) 819-5543
    Request Owner's contact information
    1855 Shield Dr Steamboat Springs, CO 80487
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1855 Shield Dr
    Steamboat Springs, CO 80487
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1855 Shield Dr Steamboat Springs, CO 80487
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christopher Sias
    (970) 819-5543 (970) 457-6880
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!