Commercial Land with Versatile
190 Stan Miller Drive Breckenridge, CO 80424
For Sale
$2,995,000
Commercial land suitable for retail, office, and light industrial uses.
Property Size12,100 SF
Lot Size1.46 Acres
Price / SF$247.52
Days on Market182
Property Features for 190 Stan Miller Drive
General Information
Standard status
Active
Size
12,100 SF
Lot size
1.46 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
CHRISTIE'S INTERNATIONAL REAL ESTATE COLORADO- SUMMIT COLORADO
(970) 344-9002
Listed By:
MARTY FRANK · License #FA40047855
Source:
Corcoran
Added: Jan 28
Changed: Jul 10
Last Checked: Jul 29 at 7:08AM
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 CHRISTIE'S INTERNATIONAL REAL ESTATE COLORADO- SUMMIT COLORADO
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 For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $319.4k | $26.40 |
| − Vacancy | −$47.9k | −$3.96 |
| EGI | $271.5k | $22.44 |
| − OpEx | −$67.9k | −$5.61 |
| NOI | $203.6k | $16.83 |
12,100 SF · lease $26.40/SF/yr · vacancy 15.00% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
