Mixed-Use Property with Outdoor
For Sale
Contact for pricing
1230 Big Thompson Ave, Estes Park, CO 80517
Commercially zoned property combining coworking, fitness, office, restaurant, and exterior-use components.
Property Size14,776 SF
Price / SF$148.82
Days on Market10
Property Features for 1230 Big Thompson Ave
General Information
Standard status
Active
Size
14,776 SF
Total Parking Spaces
47
Property subtype
Retail, Office, Mixed Use
Zoning
Commercial Outlying
Amenities
coworking space
gym
restaurant infrastructure
outdoor space
Building Details
Year Built
1960
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9552
Listed By:
Peter Sengelmann · License #CO FA.100043607
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 20 at 5:53PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This mixed-use property at 1230 Big Thompson Ave in Estes Park contains 14,776 square feet and was built in 1960. The existing configuration includes coworking areas, a gym, small office suites, restaurant infrastructure, and outdoor space, creating a varied commercial layout within one property.
Zoned Commercial Outlying, the property is positioned along the route serving Rocky Mountain National Park. Its combination of office, fitness, food-service infrastructure, and exterior areas supports multiple established commercial components in an Estes Park setting.
Zoned Commercial Outlying, the property is positioned along the route serving Rocky Mountain National Park. Its combination of office, fitness, food-service infrastructure, and exterior areas supports multiple established commercial components in an Estes Park setting.
Key Highlights
- 14,776 SF mixed‑use property at 1230 Big Thompson Ave
- Coworking areas and small office suites included
- Existing gym and fitness component
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
$116,989
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
5.32%
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%
$2,339,780
$2.3M
Cap Rate 7%
$1,671,271
$1.7M
Cap Rate 9%
$1,299,878
$1.3M
Market Conditions
NOI Build-Up for 14,776 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
$204.8K $13.86/SF
− Vacancy
−$17.6K −$1.19/SF
EGI
$187.2K $12.67/SF
− OpEx
−$70.2K −$4.75/SF
NOI
$117.0K $7.92/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
37.50%
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%
$2,339,780
Cap Rate 7%
$1,671,271
Cap Rate 9%
$1,299,878
Alternative Uses
Best Use
Office B
$2.99M
$2.62M – $3.49M
NOI $209,460 @ 7.0% cap · market cap 9.53%
Second Best
Mixed Use
$1.67M
$1.46M – $1.95M
NOI $116,989 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,628 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 80517, CO
9,720
Population
7,043
Households
1.4
Avg Household Size
55
Median Age
55%
College-Educated
97%
High-School Grad
297.2 sq mi
ZIP Area
33
Density / Sq Mi
$89,659
Median Household Income
$40,919
Median Earnings
$1,451
Median Rent
$670,200
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?
Mixed-use property - Commercially zoned property combining coworking, fitness, office, restaurant, and exterior-use components.
Where is this mixed-use property located?
The property is located at 1230 Big Thompson Ave Estes Park, CO.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 14,776 SF mixed‑use property at 1230 Big Thompson Ave; Coworking areas and small office suites included; Existing gym and fitness component
