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

    942 Lincoln Ave, Unit 942 Steamboat Springs, CO 80487

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,375,000

    Prime redevelopment or continue established gas and service station.

    Property Features for 942 Lincoln Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Lisa Olson
    Lisa Olson
    Source: Corcoran

    Listing Agency: STEAMBOAT SOTHEBY'S INTERNATIONAL REALTY Listing Agent: Lisa Olson

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

    Learn more

    Overview

    Downtown Steamboat Springs Corner Property

    Located at the corner of 10th and Lincoln Avenue in Downtown Steamboat Springs, the property at 942 Lincoln Avenue is currently operated as Steamboat Downtown Conoco, a gas station and service center established in 1977. The property features four fuel pumps with a canopy, a 2395 square foot service station with three service bays, a small back office, a front retail area, a large storage area, and ample yard space. The location is one of only two downtown gas stations and one of 10 in all of Steamboat Springs. The property is surrounded by restaurants, retail shops, lodging, and entertainment, and is one block from the Yampa River, minutes from Howelsen Hill, and less than ten minutes from the Steamboat Ski Area. The Commercial Old Town district emphasizes active commercial uses such as retail, service, restaurants, and lodging, while also accommodating office and residential uses. The average daily traffic in front of the property is 27,000. This turn-key operation can continue to serve the community and prosper under new ownership, or the site can be redeveloped.
    Location Intelligence

    Current Use by Public Records

    Conoco Gas Station Napa Autocare Center Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Law Firm Auto Repair Shop Spa & Massage Center Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.8363535
    Latitude
    40.487349

    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?
    Gas station - Prime redevelopment or continue established gas and service station.
    Where is this gas station located?
    The property is located at 942 Lincoln Ave, Unit 942 Steamboat Springs, CO.
    What is the asking price?
    The asking price for this property is $3,375,000.
    What are key features of this property?
    This property features: - Prime corner lot location at 10th and Lincoln Avenue in Downtown Steamboat Springs.; - High traffic location with **27,000 average daily traffic count.**; - Redevelopment opportunity or continuation of existing turn-key Conoco gas station and service center.
    (970) 846-0713
    Request Owner's contact information
    942 Lincoln Ave, Unit 942 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.
    942 Lincoln Ave, Unit 942
    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
    942 Lincoln Ave, Unit 942 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
    Lisa Olson
    Lisa Olson
    Real Estate License ID: 01320160
    (970) 846-0713 (970) 879-8100
    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!