Multi-Tenant Shopping
For Sale
$9,600,000
411 S Main Street, Breckenridge, CO 80424
The center is fully leased to a mix of retail and food-and-beverage tenants.
Property Size18,667 SF
Days on Market680
Property Features for 411 S Main Street
General Information
Standard status
Active
Size
18,667 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Building Size
18,667 SF
Year Built
1989
Tenancy
Multi
Listing Agency:
Liv Sotheby's I. R.
(970) 513-7700
Listed By:
Larry M. Hutton · License #FA100074352
Source:
Coloradopartners
Added: Sep 27, 2024
Changed: Aug 7
Last Checked: Aug 7 at 2:05AM
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 Liv Sotheby's I. R.
Investment Insights
Based on property information with market context.
Four Seasons Plaza is a multi-tenant shopping center at 411 S Main Street in Breckenridge, Colorado. Built in 1989, the property is fully leased and accommodates a tenant mix spanning retail and food-and-beverage businesses. Most occupants have maintained long-term tenancies, providing an established leasing profile across the center.
The property is positioned on Main Street in Breckenridge, placing the shopping center within the town’s primary commercial setting. Its combination of full occupancy, varied tenant categories, and established tenancy supports continued use as a retail-oriented commercial property.
The property is positioned on Main Street in Breckenridge, placing the shopping center within the town’s primary commercial setting. Its combination of full occupancy, varied tenant categories, and established tenancy supports continued use as a retail-oriented commercial property.
Key Highlights
- 100% leased shopping center
- Retail and food‑and‑beverage tenant mix
- Most tenants are long‑term lessees
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
$286,949
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
2.99%
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%
$5,738,980
$5.7M
Cap Rate 7%
$4,099,271
$4.1M
Cap Rate 9%
$3,188,322
$3.2M
Market Conditions
NOI Build-Up for 18,667 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
$448.0K $24.00/SF
− Vacancy
−$38.1K −$2.04/SF
EGI
$409.9K $21.96/SF
− OpEx
−$123.0K −$6.59/SF
NOI
$286.9K $15.37/SF
Area
Summit County, CO
Vacancy
8.50%
Lease Rate
$24.00 /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%
$5,738,980
Cap Rate 7%
$4,099,271
Cap Rate 9%
$3,188,322
Alternative Uses
Best Use
Retail
$4.10M
$3.59M – $4.78M
NOI $286,949 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$371.54M
$325.10M – $433.47M
NOI $26,008,080 @ 7.0% cap · market cap 270.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,710
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 31%
Apparel 19%
Hotels & Casinos 10%
Starbucks
Dining
27,100 visits/mo
0.2 miles
Sinclair
Shops & Services
21,658 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
19,577 visits/mo
0.1 miles
Christy Sports
Apparel
10,406 visits/mo
0.1 miles
Daylight Donuts
Dining
7,358 visits/mo
0.5 miles
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- La Cima Mall — 502 S Main St, Breckenridge, CO 80424
- Main Street Mall — 311 S Main St, Breckenridge, CO 80424
- Lincoln West Mall — 100 S Main St, Breckenridge, CO 80424
- Towne Square Mall — Breckenridge, CO 80424
- Main Street Station — 505 S Main St, Breckenridge, CO 80424
Frequently Asked Questions
What type of property is this?
Shopping center - The center is fully leased to a mix of retail and food-and-beverage tenants.
Where is this shopping center located?
The property is located at 411 S Main Street Breckenridge, CO.
What is the asking price?
The asking price for this property is $9,600,000.
What are key features of this property?
This property features: 100% leased shopping center; Retail and food‑and‑beverage tenant mix; Most tenants are long‑term lessees
