Heated Garage Near Steamboat
For Sale
$525,000
2270 Marble Court Unit 4, Steamboat Springs, CO 80487
Versatile storage and workspace near Steamboat Airport.
Property Size900 SF
Price / SF$583.33
Days on Market156
Property Features for 2270 Marble Court Unit 4
General Information
Standard status
Active
Size
900 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,343
Amenities
Paved Road.
Building Details
Year Built
2021
Listing Agency:
The Agency Steamboat Springs
(970) 457-6880
Listed By:
Chris Paoli · License #SS55043735
(970) 819-1432
Source:
Xome
Added: Apr 6
Changed: Sep 8
Last Checked: Aug 14 at 6:07AM
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 The Agency Steamboat Springs
Investment Insights
Based on property information with market context.
The Marble Hill Custom Workshops offer versatile units located off Elk River Road, across from the Steamboat Airport. These units are suitable for vehicle and toy storage, RV storage, contractor use, or warehouse space. The heated garage measures 20' x 45' and features a 14' overhead door. The ceilings range from approximately 18' to 24', providing the opportunity for a mezzanine or lofted storage area. It is suitable for storing RVs, trailers, snowmobiles, and more, with proximity to Steamboat’s backcountry access. HOA dues are approximately $1,200 to $1,300 per month, based on recent expenses.
Key Highlights
- One‑of‑a‑kind custom workshop unit.
- Versatile 20’ x 45’ heated garage suitable for vehicle, RV, and toy storage, contractor use, or warehouse space.
- Convenient location off Elk River Road, across from Steamboat Airport, with close proximity to Steamboat’s backcountry access.
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
$25,197
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
4.80%
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%
$503,940
$503.9K
Cap Rate 7%
$359,957
$360.0K
Cap Rate 9%
$279,967
$280.0K
Market Conditions
NOI Build-Up for 900 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
$31.5K $35.04/SF
− Vacancy
−$1.9K −$2.10/SF
EGI
$29.6K $32.94/SF
− OpEx
−$4.4K −$4.94/SF
NOI
$25.2K $28.00/SF
Area
Routt County, CO
Vacancy
6.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
15.00%
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%
$503,940
Cap Rate 7%
$359,957
Cap Rate 9%
$279,967
Alternative Uses
Best Use
Warehouse
$360.0K
$315.0K – $420.0K
NOI $25,197 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80487, CO
18,209
Population
13,231
Households
1.4
Avg Household Size
42
Median Age
57%
College-Educated
97%
High-School Grad
795.8 sq mi
ZIP Area
23
Density / Sq Mi
$106,837
Median Household Income
$50,551
Median Earnings
$1,927
Median Rent
$915,900
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 - Versatile storage and workspace near Steamboat Airport.
Where is this warehouse located?
The property is located at 2270 Marble Court Unit 4 Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: One‑of‑a‑kind custom workshop unit.; Versatile 20’ x 45’ heated garage suitable for vehicle, RV, and toy storage, contractor use, or warehouse space.; Convenient location off Elk River Road, across from Steamboat Airport, with close proximity to Steamboat’s backcountry access.
