Duplex With Multiple Living
For Sale
$1,199,000
142 High Meadow Drive, Dillon, CO 80435
Multi-level residence with a garage, deck, patio, fireplace, and access to extensive community recreation amenities.
Property Size2,852 SF
Days on Market684
Property Features for 142 High Meadow Drive
General Information
Standard status
Active
Size
2,852 SF
Total Parking Spaces
3
Property subtype
Duplex
Zoning
Duplex
Amenities
clubhouse
outdoor pool
tennis courts
pickleball courts
fitness room
indoor racquetball court
basketball court
hot tub
sauna
private mail facility
Building Details
Building Size
2,852 SF
Year Built
1990
Stories
3
Listing Agency:
Slifer Smith & Frampton R. E.
(970) 668-1550
Listed By:
Sarah McNeill
Source:
Steamboatmountainrealestate
Added: Oct 17, 2024
Changed: Aug 30
Last Checked: Aug 30 at 5:38PM
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 Slifer Smith & Frampton R. E.
Investment Insights
Based on property information with market context.
This duplex residence, built in 1990, offers 4 bedrooms, a loft, and two separate living areas across multiple levels. The main level combines vaulted living space with an open dining and kitchen arrangement, along with a primary suite featuring a fireplace, ensuite bath, and walk-in closet. A second bedroom is located upstairs, while two additional bedrooms occupy the lower level. The home also includes a 1-car garage, driveway parking for two vehicles, a northeast-facing deck, and a walk-out patio.
Community amenities include an outdoor pool, clubhouse, tennis and pickleball courts, fitness room, indoor racquetball and basketball court, hot tub, sauna, and private mail facility. HOA services include trash and snow removal, including the driveway, as well as cable and internet. The property is near Keystone Resort, Arapahoe Basin, and the Summit County recreation path.
Community amenities include an outdoor pool, clubhouse, tennis and pickleball courts, fitness room, indoor racquetball and basketball court, hot tub, sauna, and private mail facility. HOA services include trash and snow removal, including the driveway, as well as cable and internet. The property is near Keystone Resort, Arapahoe Basin, and the Summit County recreation path.
Key Highlights
- 4 bedrooms plus loft and two living areas
- 1‑car garage with driveway parking for two additional vehicles
- Primary suite includes fireplace, ensuite bathroom, and walk‑in closet
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
$47,542
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
3.97%
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%
$950,840
$950.8K
Cap Rate 7%
$679,171
$679.2K
Cap Rate 9%
$528,244
$528.2K
Market Conditions
NOI Build-Up for 2,852 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
$71.9K $25.20/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$67.9K $23.81/SF
− OpEx
−$20.4K −$7.14/SF
NOI
$47.5K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$950,840
Cap Rate 7%
$679,171
Cap Rate 9%
$528,244
Alternative Uses
Best Use
Multifamily LT 5
$679.2K
$594.3K – $792.4K
NOI $47,542 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$627.2K
$548.8K – $731.7K
NOI $43,903 @ 7.0% cap · market cap 3.66%
Theoretical Best
Warehouse
$56.77M
$49.67M – $66.23M
NOI $3,973,592 @ 7.0% cap · market cap 331.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 80435, CO
8,344
Population
7,778
Households
1.1
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
104.0 sq mi
ZIP Area
80
Density / Sq Mi
$86,023
Median Household Income
$48,554
Median Earnings
$1,539
Median Rent
$882,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Multi-level residence with a garage, deck, patio, fireplace, and access to extensive community recreation amenities.
Where is this duplex located?
The property is located at 142 High Meadow Drive Dillon, CO.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 4 bedrooms plus loft and two living areas; 1‑car garage with driveway parking for two additional vehicles; Primary suite includes fireplace, ensuite bathroom, and walk‑in closet
