Leased Office Condominium
For Sale
$985,000
Pending
210 Edwards Village Boulevard, Edwards, CO 81632
Commercial Sale, Edwards, CO
Property Size3,632 SF
Lot Size0.20 Acres
Days on Market101
Property Features for 210 Edwards Village Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking features
Assigned
Subdivision
Edwards Com. Park Sub.
Standard status
Pending
APN
2105-054-25-054
Size
3,632 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: EDWARDS COMMERCIAL PARK Unit: C-205 BK-0731 PG-0744 MAP 07-10-97 BK-0731 PG-0745 DEC 07-10-97
Tax Annual Amount
13476
HOA Fee
$2,148 Annually
Legal Description
Subdivision: EDWARDS COMMERCIAL PARK Unit: C-205 BK-0731 PG-0744 MAP 07-10-97 BK-0731 PG-0745 DEC 07-10-97
Utilities
Utilities
Water Available
Heating system
Forced Air
Building Details
Year built
1997
Floors in Building
2
Number of units
1
Building materials
Brick, Concrete
Listing Agency:
Slifer Smith & Frampton- 230 Bridge Street
(970) 476-2421
Listed By:
Paul Gotthelf
(970) 476-2421
Added: May 12
Changed: Aug 19
Last Checked: Aug 20 at 10:06PM
MLS# 1014084
Copyright © 2026 Vail Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes three commercial condominium units presented together as a single package. The current tenant operates a dance studio and occupies an expansive open studio layout with high ceilings and mirrored walls. In addition to the studio area, the space includes locker and changing areas, reception and lounge space, an office, storage, and restrooms.
The property is located at 210 Edwards Village Boulevard in Edwards, Colorado, within a highly accessible mid-valley setting. The building totals 3,632 square feet, and the site is listed at 0.2 acres.
For buyers and investors, the key consideration here is that the tenant’s lease will survive closing. The current lease runs through June 2029, supporting a long-term in-place occupancy scenario. The configuration also offers flexible back-of-house and administrative rooms alongside the primary studio area, which may be useful for office-oriented tenants looking for a combination of open and private spaces within a multi-unit commercial condominium format.
The property is located at 210 Edwards Village Boulevard in Edwards, Colorado, within a highly accessible mid-valley setting. The building totals 3,632 square feet, and the site is listed at 0.2 acres.
For buyers and investors, the key consideration here is that the tenant’s lease will survive closing. The current lease runs through June 2029, supporting a long-term in-place occupancy scenario. The configuration also offers flexible back-of-house and administrative rooms alongside the primary studio area, which may be useful for office-oriented tenants looking for a combination of open and private spaces within a multi-unit commercial condominium format.
Key Highlights
- Fully leased commercial condominium units providing stable, long‑term income
- Tenant lease in place through June 2029
- Attractive cap rate for dependable cash flow
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
$50,993
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
5.18%
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%
$1,019,860
$1.0M
Cap Rate 7%
$728,471
$728.5K
Cap Rate 9%
$566,589
$566.6K
Market Conditions
NOI Build-Up for 3,632 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
$87.2K $24.00/SF
− Vacancy
−$19.2K −$5.28/SF
EGI
$68.0K $18.72/SF
− OpEx
−$17.0K −$4.68/SF
NOI
$51.0K $14.04/SF
Area
Eagle County, CO
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,019,860
Cap Rate 7%
$728,471
Cap Rate 9%
$566,589
Alternative Uses
Best Use
Office B
$728.5K
$637.4K – $849.9K
NOI $50,993 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,734 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 81632, CO
11,343
Population
5,529
Households
2.1
Avg Household Size
39
Median Age
58%
College-Educated
94%
High-School Grad
115.9 sq mi
ZIP Area
98
Density / Sq Mi
$92,304
Median Household Income
$49,709
Median Earnings
$1,885
Median Rent
$734,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three office condominium units are offered as a package with a dance studio tenant and a lease through June 2029.
Where is this office units located?
The property is located at 210 Edwards Village Boulevard Edwards, CO.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Fully leased commercial condominium units providing stable, long‑term income; Tenant lease in place through June 2029; Attractive cap rate for dependable cash flow
