Updated Duplex with
For Sale
$695,000
193 Range Rd, Breckenridge, CO 80424
Three-bedroom layout includes an open living area and updated kitchen.
Property Size1,237 SF
Days on Market52
Property Features for 193 Range Rd
General Information
Standard status
Active
Size
1,237 SF
Property subtype
Duplex
Zoning
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
wood-burning fireplace
updated kitchen
Building Details
Building Size
1,237 SF
Year Built
1967
Stories
2
Listing Agency:
Breckliving. Com
(970) 453-9551
Listed By:
Aspen Davis
Source:
Steamboatmountainrealestate
Added: Jul 2
Changed: Aug 13
Last Checked: Aug 21 at 1:49PM
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 Breckliving. Com
Investment Insights
Based on property information with market context.
This updated duplex offers a 3-bedroom, 2-bathroom layout with an open central living space. A wood-burning fireplace anchors the main living area, while the renovated kitchen opens to the dining and living rooms. The primary bedroom is positioned on the main level, with two additional bedrooms and a full bathroom upstairs.
Built in 1967, the property includes ample parking and sits near Breckenridge’s skiing, hiking, biking, and other outdoor recreation. A Summit Stage bus stop at the bottom of the road provides access to Breckenridge and destinations throughout Summit County. The property is also close to town and may serve as a primary residence, second home, or investment property.
Built in 1967, the property includes ample parking and sits near Breckenridge’s skiing, hiking, biking, and other outdoor recreation. A Summit Stage bus stop at the bottom of the road provides access to Breckenridge and destinations throughout Summit County. The property is also close to town and may serve as a primary residence, second home, or investment property.
Key Highlights
- Updated 3‑bedroom, 2‑bathroom duplex
- Open living area with wood‑burning fireplace
- Kitchen connects with the dining and living spaces
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
$20,621
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
2.97%
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%
$412,420
$412.4K
Cap Rate 7%
$294,586
$294.6K
Cap Rate 9%
$229,122
$229.1K
Market Conditions
NOI Build-Up for 1,237 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
$31.2K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.5K $23.81/SF
− OpEx
−$8.8K −$7.14/SF
NOI
$20.6K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$412,420
Cap Rate 7%
$294,586
Cap Rate 9%
$229,122
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.7K
NOI $20,621 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$272.0K
$238.0K – $317.4K
NOI $19,042 @ 7.0% cap · market cap 2.74%
Theoretical Best
Warehouse
$24.62M
$21.54M – $28.72M
NOI $1,723,469 @ 7.0% cap · market cap 247.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
20
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
Market
Vacancy Rate% for Multifamily 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?
Duplex - Three-bedroom layout includes an open living area and updated kitchen.
Where is this duplex located?
The property is located at 193 Range Rd Breckenridge, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Updated 3‑bedroom, 2‑bathroom duplex; Open living area with wood‑burning fireplace; Kitchen connects with the dining and living spaces
