Mixed-Use Office Unit with
For Sale
$610,500
137 Main Street, Edwards, CO 81632
Flexible office unit in a downtown mixed-use building with street-front and underground parking and elevator access.
Property Size1,221 SF
Price / SF$500
Days on Market359
Property Features for 137 Main Street
General Information
Standard status
Active
Size
1,221 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$7,437
Amenities
3
Commercial Condo
Unassigned.
Building Details
Year Built
1997
Listing Agency:
Edwards
(970) 390-6617
Listed By:
Berkshire Hathaway
(970) 390-6617
Source:
Xome
Added: Sep 1, 2025
Changed: Aug 12
Last Checked: Aug 25 at 6:12AM
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 Edwards
Investment Insights
Based on property information with market context.
This mixed-use office unit (Unit O201) offers a flexible floor plan designed to accommodate customized workspace. The property is presented as an opportunity for a business tenant to build out a functional office environment, and it is also described as a potential candidate for conversion into a residential unit.
Located in the heart of downtown Edwards at The Riverwalk, the offering includes both street-front and underground parking, with elevator access for convenience.
If you’re evaluating a space that can support a tailored office layout, or you’re exploring the reported feasibility of residential conversion, this Unit O201 within a downtown mixed-use setting provides a straightforward starting point.
Located in the heart of downtown Edwards at The Riverwalk, the offering includes both street-front and underground parking, with elevator access for convenience.
If you’re evaluating a space that can support a tailored office layout, or you’re exploring the reported feasibility of residential conversion, this Unit O201 within a downtown mixed-use setting provides a straightforward starting point.
Key Highlights
- Flexible office unit in a downtown Edwards mixed‑use building at The Riverwalk
- Commercial condo zoning
- Street‑front and underground parking with elevator access
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
$17,143
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
2.81%
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%
$342,860
$342.9K
Cap Rate 7%
$244,900
$244.9K
Cap Rate 9%
$190,478
$190.5K
Market Conditions
NOI Build-Up for 1,221 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
$29.3K $24.00/SF
− Vacancy
−$6.4K −$5.28/SF
EGI
$22.9K $18.72/SF
− OpEx
−$5.7K −$4.68/SF
NOI
$17.1K $14.04/SF
Area
Eagle County, CO
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$342,860
Cap Rate 7%
$244,900
Cap Rate 9%
$190,478
Alternative Uses
Best Use
Office B
$244.9K
$214.3K – $285.7K
NOI $17,143 @ 7.0% cap · market cap 2.81%
Second Best
Mixed Use
$216.6K
$189.6K – $252.8K
NOI $15,165 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 81632, CO
11,343
Population
5,529
Households
2.1
Avg Household Size
39
Median Age
58%
College-Educated
94%
High-School Grad
115.9 sq mi
ZIP Area
98
Density / Sq Mi
$92,304
Median Household Income
$49,709
Median Earnings
$1,885
Median Rent
$734,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flexible office unit in a downtown mixed-use building with street-front and underground parking and elevator access.
Where is this office units located?
The property is located at 137 Main Street Edwards, CO.
What is the asking price?
The asking price for this property is $610,500.
What are key features of this property?
This property features: Flexible office unit in a downtown Edwards mixed‑use building at The Riverwalk; Commercial condo zoning; Street‑front and underground parking with elevator access
