Leased Retail Building with
For Sale
Contact for pricing
1855 Shield Dr, Steamboat Springs, CO 80487
100% leased retail building with covered rear loading and surface parking for 39 vehicles.
Property Size13,090 SF
Lot Size1.76 Acres
Price / SF$359.05
Days on Market346
Property Features for 1855 Shield Dr
General Information
Standard status
Active
Size
13,090 SF
Total Parking Spaces
39
Lot size
1.76 Acres
Property subtype
RETAIL
Zoning
industrial
Occupancy
100%
Additional Details
Traffic Count
24,000 vehicles/day
Amenities
covered loading area
Building Details
Tenancy
Multi
Listing Agency:
Steamboat Mountain Real Estate
(970) 439-3107
Listed By:
Sue Weber · License #ER040019650
(970) 846-5803
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Oct 8
Last Checked: Oct 16 at 10:34AM
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 Mountain Real Estate
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Investment Insights
Based on property information with market context.
1855 Shield Drive is a 13,090-square-foot retail building currently 100% leased. The property is zoned industrial and allows big box retail, with iFurnish occupying approximately 84% of the space under a NNN lease and Altitude occupying the remainder. The building includes a covered loading area with a roll-up door at the rear, plus surface parking for 39 cars.
The property sits on 1.76 acres on the west side of Steamboat in a growth area. Surrounding uses include the mixed-use Basecamp project with apartments, townhomes, and commercial space, Curve Plaza with restaurants and retail, and Ace Hardware, along with other business and residential developments.
With industrial zoning supporting a variety of uses by right and redevelopment-related re-zoning possible, the site offers flexibility for future planning while maintaining current leasing in place. Please contact the listing broker for financials and to arrange showings.
The property sits on 1.76 acres on the west side of Steamboat in a growth area. Surrounding uses include the mixed-use Basecamp project with apartments, townhomes, and commercial space, Curve Plaza with restaurants and retail, and Ace Hardware, along with other business and residential developments.
With industrial zoning supporting a variety of uses by right and redevelopment-related re-zoning possible, the site offers flexibility for future planning while maintaining current leasing in place. Please contact the listing broker for financials and to arrange showings.
Key Highlights
- 100% leased investment property with a NNN lease in place
- 13,090 SF retail building on 1.76 acres; Furnish occupies approximately 84% and Altitude occupies the remainder
- Zoned industrial with big box retail allowed; industrial zoning allows a variety of uses by right
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,661
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,453,220
$4.5M
Cap Rate 7%
$3,180,871
$3.2M
Cap Rate 9%
$2,474,011
$2.5M
Market Conditions
NOI Build-Up for 13,090 SF
Gross rent
$353.4K $27.00/SF
− Vacancy
−$35.3K −$2.70/SF
EGI
$318.1K $24.30/SF
− OpEx
−$95.4K −$7.29/SF
NOI
$222.7K $17.01/SF
Area
Routt County, CO
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,453,220
Cap Rate 7%
$3,180,871
Cap Rate 9%
$2,474,011
Alternative Uses
Best Use
Retail
$3.18M
$2.78M – $3.71M
NOI $222,661 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.24M
$4.58M – $6.11M
NOI $366,480 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
24,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - 100% leased retail building with covered rear loading and surface parking for 39 vehicles.
Where is this retail space located?
The property is located at 1855 Shield Dr Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 100% leased investment property with a NNN lease in place; 13,090 SF retail building on 1.76 acres; Furnish occupies approximately 84% and Altitude occupies the remainder; Zoned industrial with big box retail allowed; industrial zoning allows a variety of uses by right
