Clear-Span Industrial
1955 Bridge Lane Unit 24 Steamboat Springs, CO 80487
1955 Bridge Lane Unit 24, Steamboat Springs, CO, 80487
$2,600,000
For Sale
$2,600,000
Large clear-span warehouse currently operated as a gymnastics facility, with an in-place lease through June 2028.
Property Size14,380 SF
Price / SF$180.81
Days on Market135
Property Features for 1955 Bridge Lane Unit 24
General Information
- Standard status
- Active
- Size
- 14,380 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2009
Listing Agency
Mt. Werner Realty
(970) 879-8080
Listed by
Tim McCarthy
Source
Xome
Added: Mar 4 Checked: Jun 14 at 1:58 am
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 Mt. Werner Realty
Investment Insights
Based on property information with market context.
This property is a massive clear-span warehouse totaling 14,380 square feet, designed around an open interior with clear span construction. It is currently home to Excel Gymnastics, operating under a lease that runs through June 2028.
Located in and around downtown Steamboat Springs, the offering is described as part of a broader riverfront access area. Riverfront Park is on a core trail, and the Yampa River is nearby, with access characterized as easy by car or bike, and even by raft.
For a tenant or owner seeking flexible industrial space, the clear-span layout supports activity that benefits from an open training or production environment. For buyers evaluating the current operating use, the existing gymnastics tenant provides continuity through the lease end date, while the CS zone district is noted as allowing multiple options for a creative buyer. Purchasers should verify specific development or operating uses with the local jurisdiction to align plans with the zoning framework.
Located in and around downtown Steamboat Springs, the offering is described as part of a broader riverfront access area. Riverfront Park is on a core trail, and the Yampa River is nearby, with access characterized as easy by car or bike, and even by raft.
For a tenant or owner seeking flexible industrial space, the clear-span layout supports activity that benefits from an open training or production environment. For buyers evaluating the current operating use, the existing gymnastics tenant provides continuity through the lease end date, while the CS zone district is noted as allowing multiple options for a creative buyer. Purchasers should verify specific development or operating uses with the local jurisdiction to align plans with the zoning framework.
Key Highlights
- 14,380 SF clear‑span warehouse currently operating as Excel Gymnastics.
- In‑place lease through June 2028 with Excel Gymnastics.
- Year built: 2009.
Local Financial Insights For Industrial
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 | $143.2k | $9.96 |
| − Vacancy | −$9.7k | −$0.68 |
| EGI | $133.5k | $9.28 |
| − OpEx | −$40.0k | −$2.78 |
| NOI | $93.4k | $6.50 |
14,380 SF · lease $9.96/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$5.75M
$5.03M – $6.71M
NOI $402,596 @ 7.0% cap · market cap 15.48%
Second Best
Industrial
$1.33M
$1.17M – $1.56M
NOI $93,440 @ 7.0% cap · market cap 3.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Public Defender
Law Firm
Steamboat Dance and Fitness
Gym & Fitness Center
Excel Gymnastics of Steamboat
Gym & Fitness Center
Consolidated Electrical Distributors
Building Supply
Goodhart's Dancin'
Training Center
Similar For Sale Nearby
Similar Off Market Nearby
- Brian Olson — 1934 13th St, Steamboat Springs, CO 80487
- A-Storage — 1663 Shield Dr, Steamboat Springs, CO 80487
- Fairview Mini Storage — 1200 13th St, Steamboat Springs, CO 80487
- Alpine Mini Storage — 1934 13th St, Steamboat Springs, CO 80487
- Tri-County Storage — 1390 13th St, Steamboat Springs, CO 80487
FAQs
What type of property is this?
Warehouse - Large clear-span warehouse currently operated as a gymnastics facility, with an in-place lease through June 2028.
Where is this warehouse located?
The property is located at 1955 Bridge Lane Unit 24 Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 14,380 SF clear‑span warehouse currently operating as Excel Gymnastics.; In‑place lease through June 2028 with Excel Gymnastics.; Year built: 2009.
