221 Warren Avenue #1 Silverthorne, CO 80498
221 Warren Avenue #1, Silverthorne, CO, 80498
$998,000
For Sale
$998,000
Flex space
Property Size2,138 SF
Price / SF$466.79
Days on Market172
Property Features for 221 Warren Avenue #1
General Information
- Standard status
- Active
- Size
- 2,138 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing Agency
COLORADO REAL ESTATE COMPANY - JASON J. SMITH
(970) 262-7890
Listed by
JASON SMITH · License #ER40014765
Source
Corcoran
Added: Jan 29 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 4:07 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 COLORADO REAL ESTATE COMPANY - JASON J. SMITH
Investment Insights
Based on property information with market context.
Key Highlights
- Functional commercial real estate in a top mountain location.
- Versatile 2,138 sq. ft. space suitable for various uses.
- 14‑foot high garage door provides easy access.
Local Financial Insights For Flex RnD
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 | $57.7k | $27.00 |
| − Vacancy | −$6.6k | −$3.08 |
| EGI | $51.1k | $23.92 |
| − OpEx | −$17.9k | −$8.37 |
| NOI | $33.2k | $15.55 |
2,138 SF · lease $27.00/SF/yr · vacancy 11.40% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$42.55M
$37.24M – $49.65M
NOI $2,978,801 @ 7.0% cap · market cap 298.48%
Second Best
Industrial
$35.04M
$30.66M – $40.89M
NOI $2,453,130 @ 7.0% cap · market cap 245.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
Where is this flex space located?
The property is located at 221 Warren Avenue #1 Silverthorne, CO.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Functional commercial real estate in a top mountain location.; Versatile 2,138 sq. ft. space suitable for various uses.; 14‑foot high garage door provides easy access.
