Lofted Warehouse
For Sale
$349,000
220 Buffalo Mountain Drive #103 A, Silverthorne, CO 80498
Flexible warehouse space with a loft, tall ceilings, garage access, and parking outside the unit.
Property Size941 SF
Days on Market72
Property Features for 220 Buffalo Mountain Drive #103 A
General Information
Standard status
Active
Size
941 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Building Size
941 SF
Year Built
2003
Units
27
Listing Agency:
Summit Real Estate
(970) 468-6800
Listed By:
Kelie Gray
Source:
Coloradopartners
Added: Jun 21
Changed: Aug 30
Last Checked: Aug 30 at 7:25PM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This warehouse unit at 220 Buffalo Mountain Drive includes a loft and more than 1,000 square feet of usable space. The interior reaches 20-foot ceilings and features a 14-foot garage door along with a separate walk-in door. Parking is available outside the garage door, adding convenience for vehicle, boat, equipment, or other storage needs. The space may also accommodate business or art studio use, subject to applicable requirements.
The property is in Silverthorne near Lowe's and I-70. Common bathrooms are located a short distance from the unit, while the building includes neighboring and upstairs units. The property was built in 2003, and the land lease runs through 12-31-2103. Exterior business signage is not allowed, and the unit does not have water service.
The property is in Silverthorne near Lowe's and I-70. Common bathrooms are located a short distance from the unit, while the building includes neighboring and upstairs units. The property was built in 2003, and the land lease runs through 12-31-2103. Exterior business signage is not allowed, and the unit does not have water service.
Key Highlights
- More than 1,000 square feet including a loft
- 20' interior ceilings
- 14' garage door plus a separate walk‑in door
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
$14,632
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
4.19%
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%
$292,640
$292.6K
Cap Rate 7%
$209,029
$209.0K
Cap Rate 9%
$162,578
$162.6K
Market Conditions
NOI Build-Up for 941 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
$25.4K $27.00/SF
− Vacancy
−$2.9K −$3.08/SF
EGI
$22.5K $23.92/SF
− OpEx
−$7.9K −$8.37/SF
NOI
$14.6K $15.55/SF
Area
Summit County, CO
Vacancy
11.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
35.00%
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%
$292,640
Cap Rate 7%
$209,029
Cap Rate 9%
$162,578
Alternative Uses
Best Use
Warehouse
$18.73M
$16.39M – $21.85M
NOI $1,311,062 @ 7.0% cap · market cap 375.66%
Second Best
Industrial
$15.42M
$13.50M – $17.99M
NOI $1,079,699 @ 7.0% cap · market cap 309.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80498, CO
8,405
Population
6,931
Households
1.2
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
294.8 sq mi
ZIP Area
29
Density / Sq Mi
$105,227
Median Household Income
$49,636
Median Earnings
$1,738
Median Rent
$721,700
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - Flexible warehouse space with a loft, tall ceilings, garage access, and parking outside the unit.
Where is this warehouse located?
The property is located at 220 Buffalo Mountain Drive #103 A Silverthorne, CO.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: More than 1,000 square feet including a loft; 20' interior ceilings; 14' garage door plus a separate walk‑in door
