2165 Pine Grove Road Steamboat Springs, CO 80487
COMMERCIAL - Steamboat Springs, CO
Property Features for 2165 Pine Grove Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- R6255068
- Lot size
- 0.82 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 26500
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1988
- Roof type
- Composition
Listing agent Chris Paoli (970) 457-6880
Listing office The Agency Steamboat Springs 345 Anglers Drive, Unit A, Steamboat Springs, CO (970) 457-6880
Listing date Jul 15, 2026
Copyright © 2026 Altitude 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.
The property is positioned in a highly trafficked area between Steamboat Ski Resort and US Highway 40, on a prominent corner on Mt. Werner Road. It sits across from the Strings Music Festival and is near the Meadows parking lot and the site of Steamboat’s proposed gondola. The location is within walking distance of the newest Marriott-branded hotel, new condominium residences, and Wildhorse Cinemas, with nearby shopping and retail. Low HOA dues total $5,000 annually, and the offering includes ample parking.
Key Highlights
- 7,289 SF turnkey restaurant and event space on a highly trafficked corner between Steamboat Ski Resort and US Highway 40
- Comprehensive interior remodel completed in 2024, including picture windows wrapping the dining room
- Open kitchen with a 21‑foot hood system, multiple prep and cooking stations, raw bar, and bar seating
Local Financial Insights For Specialty Retail
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 | $196.8k | $27.00 |
| − Vacancy | −$11.8k | −$1.62 |
| EGI | $185.0k | $25.38 |
| − OpEx | −$46.2k | −$6.35 |
| NOI | $138.7k | $19.04 |
