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    Industrial Warehouse Space Near Downtown Title is generated by Realmo AI

    1700 Copper Ridge Spur, Steamboat Springs, CO 80487

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    Pending
    $499,000

    COMMERCIAL - Steamboat Springs, CO

    Property size:
    1,086 SF
    Lot size:
    0.48 Acres
    Added:
    Jul 21, 2025
    Days on Market:
    300
    Last Refresh:
    May 16 at 12:06 pm

    Property Features for 1700 Copper Ridge Spur

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    RV
    Standard status
    Pending
    APN
    R8181436
    Size
    1,086 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3418

    Utilities

    Heating system
    Radiant

    Building Details

    Year built
    2022
    Roof type
    Membrane

    We can help!

    Listing Contact
    Cheryl Foote
    Cheryl Foote

    Listing agent Cheryl Foote License #40001388

    Listing office Compass 941 Lincoln Ave, Ste 100G, Breckenridge, CO

    Listing date Jul 21, 2025

    MLS# S1061527 Listing URL

    Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Convenient location minutes from downtown Steamboat, off Elk River Road in Copper Ridge Business Park.
    • Luxury warehouse unit with 1,086 total square feet, including a mezzanine level.
    • 16' x 12' overhead garage door and man door with keypad entry.
    • Fully heated with 15' ceilings, 150‑amp electrical service, and ample power outlets.
    • Finished interior with insulated painted drywall, epoxy floors, and luxury vinyl plank flooring on the mezzanine.
    • Designated parking spot, parking in front of the garage door, and overflow parking available; HOA maintains walkways and parking lot.

    Overview

    Located in the Copper Ridge Business Park, minutes from downtown Steamboat Springs off Elk River Road, The Spur at Copper Ridge offers an industrial warehouse space. Unit C2 features 1,086 square feet of finished space, with 839 square feet on the lower level and a 247-square-foot upper mezzanine. Access to the warehouse is provided via a man door with keypad entry and a 16' x 12' overhead garage door. The heated warehouse includes 15-foot ceilings, 150-amp electrical service, an oil sand separator, and power outlets. The interior is insulated with painted drywall, illuminated with lights, and features epoxy-finished floors. The mezzanine has luxury vinyl plank flooring and steel cable railings. A bathroom includes a walk-in shower. The grounds are landscaped and irrigated, and there is a common area with a picnic table and grill. Warehouse space C2 includes a designated parking spot, parking in front of the garage door, and overflow parking on a first-come, first-served basis. Walkways and the parking lot are maintained and plowed via the HOA. The property is suited for a variety of uses.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $337.8K
    NOI $30,405 @ 9.00% cap · cautious / downside scenario
    Moderate
    $434.4K
    NOI $30,405 @ 7.00% cap · market / base-case scenario
    Aggressive
    $608.1K
    NOI $30,405 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $38.1k $35.04
    − Vacancy −$2.3k −$2.10
    EGI $35.8k $32.94
    − OpEx −$5.4k −$4.94
    NOI $30.4k $28.00
    1,086 SF · lease $35.04/SF/yr · vacancy 6.00% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $434.4K
    $380.1K – $506.8K (±1% cap)
    NOI $30,405 @ 7.0% cap · market cap 6.09%
    Second Best
    Industrial
    $100.8K
    $88.2K – $117.6K (±1% cap)
    NOI $7,057 @ 7.0% cap · market cap 1.41%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Aames Storage LLC — 2504 Downhill Dr, Steamboat Springs, CO 80487
    • West Acres Storage — 2515 W Acres Dr, Steamboat Springs, CO 80487
    • Uphill Storage & Warehouse — 2635 Acre Ln, Steamboat Springs, CO 80487
    • Elk River Storage — 2620 Jacob Cir, Steamboat Springs, CO 80487
    • E-Z Storage of Steamboat — 2600 Jacob Cir, Steamboat Springs, CO 80487

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.852039
    Latitude
    40.512796

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    FAQs

    What type of property is this?
    Warehouse - Premier industrial warehouse space minutes from downtown Steamboat Springs.
    Where is this warehouse located?
    The property is located at 1700 Copper Ridge Spur Steamboat Springs, CO.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Convenient location minutes from downtown Steamboat, off Elk River Road in Copper Ridge Business Park.; Luxury warehouse unit with 1,086 total square feet, including a mezzanine level.; **16' x 12' overhead garage door** and man door with keypad entry.
    (970) 925-6063
    We can help!
    Listing Contact
    Cheryl Foote
    Cheryl Foote
    Real Estate License ID: 40001388
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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