Industrial Warehouse with Mezzanine
For Sale
$520,000
2270 Marble Ct Unit 3, Steamboat Springs, CO 80487
Versatile Industrial Warehouse with Mezzanine
Property Size1,207 SF
Price / SF$430.82
Days on Market138
Property Features for 2270 Marble Ct Unit 3
General Information
Standard status
Active
Property type
Warehouses, Industrial properties
Size
1,207 SF
Net Rentable
1,207 SF
Total Parking Spaces
2
Elevators
No
Occupancy
100%
Investment Type
Owner User
Building Details
Year Built
2021
Buildings
1
Stories
1
Listed By:
Josie Tolan
(970) 846-6781
Added: Apr 24
Investment Insights
Based on property information with market context.
This versatile industrial warehouse is located in Marble Hill Industrial Park, across from the Bob Adams Airport and minutes from downtown Steamboat Springs. The heated garage measures 20 x 45 feet and offers year-round access. Suitable for business use, storage, or a combination of both, the space features a 20+ foot ceiling and a 14-foot overhead door. Epoxy-coated concrete floors and a floor drain facilitate easy maintenance. Comfort is ensured by two heat sources and a large ceiling fan. A bathroom and utility sink add everyday convenience. The property includes a 273-square-foot mezzanine, finished with LVP flooring and designed for flexibility. Equipped with a removable railing for easy loading and storage access, this elevated space is ideal for an office, additional storage, or a workspace overlooking the main bay. The property is suited for contractors, growing businesses, or secure storage for vehicles, boats, RVs, or recreational gear. HOA dues are approximately $2,000 per year. The property has close proximity to outdoor recreation and easy access to town.
Key Highlights
- Heated, private bathroom, utility sink, ceiling fan, removable railing on mezzanine, epoxy floors, floor drain, 14' overhead 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
$33,792
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
6.50%
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%
$675,840
$675.8K
Cap Rate 7%
$482,743
$482.7K
Cap Rate 9%
$375,467
$375.5K
Market Conditions
NOI Build-Up for 1,207 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
$42.3K $35.04/SF
− Vacancy
−$2.5K −$2.10/SF
EGI
$39.8K $32.94/SF
− OpEx
−$6.0K −$4.94/SF
NOI
$33.8K $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%
$675,840
Cap Rate 7%
$482,743
Cap Rate 9%
$375,467
Alternative Uses
Best Use
Warehouse
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap · market cap 6.50%
Second Best
Industrial
$112.0K
$98.0K – $130.7K
NOI $7,843 @ 7.0% cap · market cap 1.51%
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
131
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile Industrial Warehouse with Mezzanine
Where is this warehouse located?
The property is located at 2270 Marble Ct Unit 3 Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Heated, private bathroom, utility sink, ceiling fan, removable railing on mezzanine, epoxy floors, floor drain, 14' overhead door.
