Heated Flex Space With
For Sale
$410,000
2270 Marble Court #7, Steamboat Springs, CO 80487
Private heated workspace with a loft, bathroom, utility sink, and roughed-in plumbing for flexible personal or workshop use.
Property Size1,207 SF
Days on Market782
Property Features for 2270 Marble Court #7
General Information
Standard status
Active
Size
1,207 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
1
Additional Details
Road Access
Yes
Building Details
Building Size
1,207 SF
Year Built
2021
Listing Agency:
Steamboat Sotheby's International Realty
(970) 879-8100
Listed By:
Kiyah Roe · License #100072102
Source:
Coloradopartners
Added: Jul 2, 2024
Changed: Aug 17
Last Checked: Aug 21 at 1:39PM
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 Steamboat Sotheby's International Realty
Investment Insights
Based on property information with market context.
This private flex space is a heated custom workspace with a loft and practical utility features. The main level includes a bathroom and utility sink, while the loft has roughed-in plumbing. A large garage door supports storage and workshop functions, with the layout also suited to outdoor gear, RV, or personal-use storage.
The property is located on Elk River Road, less than 3 miles from downtown Steamboat Springs. The main level measures 45' x 20', the garage door is 12' x 14', and ceiling heights range from 8' in the loft to 24' in the main area.
The property is located on Elk River Road, less than 3 miles from downtown Steamboat Springs. The main level measures 45' x 20', the garage door is 12' x 14', and ceiling heights range from 8' in the loft to 24' in the main area.
Key Highlights
- Private heated flex space with loft
- Main level measures 45' x 20'
- 12' x 14' garage door
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
$19,065
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
4.65%
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%
$381,300
$381.3K
Cap Rate 7%
$272,357
$272.4K
Cap Rate 9%
$211,833
$211.8K
Market Conditions
NOI Build-Up for 1,207 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
$32.6K $27.00/SF
− Vacancy
−$3.3K −$2.70/SF
EGI
$29.3K $24.30/SF
− OpEx
−$10.3K −$8.50/SF
NOI
$19.1K $15.80/SF
Area
Routt County, CO
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
35.00%
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%
$381,300
Cap Rate 7%
$272,357
Cap Rate 9%
$211,833
Alternative Uses
Best Use
Flex RnD
$272.4K
$238.3K – $317.8K
NOI $19,065 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$112.0K
$98.0K – $130.7K
NOI $7,843 @ 7.0% cap · market cap 1.91%
Theoretical Best
Warehouse
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80487, CO
18,209
Population
13,231
Households
1.4
Avg Household Size
42
Median Age
57%
College-Educated
97%
High-School Grad
795.8 sq mi
ZIP Area
23
Density / Sq Mi
$106,837
Median Household Income
$50,551
Median Earnings
$1,927
Median Rent
$915,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Private heated workspace with a loft, bathroom, utility sink, and roughed-in plumbing for flexible personal or workshop use.
Where is this flex space located?
The property is located at 2270 Marble Court #7 Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Private heated flex space with loft; Main level measures 45' x 20'; 12' x 14' garage door
