Commercial Land with Versatile
For Sale
$2,995,000
190 Stan Miller Drive, Breckenridge, CO 80424
Commercial land suitable for retail, office, and light industrial uses.
Property Size12,100 SF
Price / SF$247.52
Days on Market227
Property Features for 190 Stan Miller Drive
General Information
Standard status
Active
Size
12,100 SF
Property subtype
Land
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$30,499
Amenities
Mountain(s)
Listed By:
Martin Frank
(970) 389-5068
Source:
Evrealestate
Added: Mar 5
Changed: Oct 7
Last Checked: Oct 16 at 7:30AM
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 Martin Frank
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Investment Insights
Based on property information with market context.
This commercial land offers an opportunity for various permitted uses, including retail businesses, service-oriented operations, integrated employee housing, office space, dining establishments, bars, and select light industrial applications. The property provides 12.1 SFE’s, which is equivalent to 12,100 square feet of buildable space. A parking easement is included, accommodating 30 vehicles. The location is near essential Breckenridge infrastructure and offers convenient accessibility just off the highway.
Key Highlights
- Opportunity to acquire commercial land.
- 12,100 square feet of buildable space (12.1 SFE's).
- Conveniently located just off the highway for easy accessibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,643
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,072,860
$4.1M
Cap Rate 7%
$2,909,186
$2.9M
Cap Rate 9%
$2,262,700
$2.3M
Market Conditions
NOI Build-Up for 12,100 SF
Gross rent
$319.4K $26.40/SF
− Vacancy
−$47.9K −$3.96/SF
EGI
$271.5K $22.44/SF
− OpEx
−$67.9K −$5.61/SF
NOI
$203.6K $16.83/SF
Area
Summit County, CO
Vacancy
15.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,072,860
Cap Rate 7%
$2,909,186
Cap Rate 9%
$2,262,700
Alternative Uses
Best Use
Industrial
$198.34M
$173.54M – $231.39M
NOI $13,883,477 @ 7.0% cap · market cap 463.56%
Second Best
Office B
$2.91M
$2.55M – $3.39M
NOI $203,643 @ 7.0% cap · market cap 6.80%
Theoretical Best
Warehouse
$240.84M
$210.73M – $280.98M
NOI $16,858,508 @ 7.0% cap · market cap 562.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land suitable for retail, office, and light industrial uses.
Where is this commercial land located?
The property is located at 190 Stan Miller Drive Breckenridge, CO.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Opportunity to acquire commercial land.; 12,100 square feet of buildable space (12.1 SFE's).; Conveniently located just off the highway for easy accessibility.
