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    Basalt Commercial Space with River Views Title is generated by Realmo AI

    23286 Two Rivers Road, Basalt, CO 81621

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    Claim this Listing
    For Sale
    $499,000

    COMMERCIAL - Basalt, CO

    Property size:
    722 SF
    Price / SF:
    $691/SF
    Added:
    May 31, 2025
    Days on Market:
    351
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 23286 Two Rivers Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    commercial
    Standard status
    Active
    APN
    246707403026
    Size
    722 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Subdivision: ROARING RIVER LODGES Unit: 26 DESC: BLDG B
    Tax Annual Amount
    5078

    Utilities

    Water source
    Public

    Building Details

    Year built
    1993
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Nancy Marie Stover

    Listing agent Nancy Marie Stover

    Listing office Leverich and Carr Real Estate 555 E Durant, Suite 5A, Aspen, CO

    Listing date May 31, 2025

    MLS# 188516

    Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location: Steps from Historic Downtown Basalt.
    • Top floor corner unit with Roaring Fork River views.
    • Tastefully decorated with top‑grade finishes including hardwood floors, marble bathroom, and granite kitchen countertop.
    • Furnished.
    • Mini kitchen and bathroom with shower.
    • Green yard on the river.

    Overview

    This commercial space is located steps from the heart of Historic Downtown Basalt. The top floor corner unit offers views of the Roaring Fork River and features multiple windows for natural light and the sound of the river. The interior includes hardwood floors, carpet, a marble bathroom, and a granite kitchen countertop. A large two-door closet provides storage space. The unit has an entrance off the outside deck, a mini kitchen, and a bathroom with a shower. Out back, there is a green yard on the river. The property is within walking distance to the RAFTA bus stops and is located near Timbo's Pizza, Basalt Quick Print, and 7-11. Downtown restaurants and shopping are minutes away. The space is suitable for various businesses and comes furnished. The property has a size of 722 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Two Rivers Chiropractic ... Alternative Medicine Practice Mountainside Sewing (Bike/Boat/Book/etc) Store Two Rivers Body ... (Bike/Boat/Book/etc) Store KinetiChain Integrated Manual ... Physician Eileen Macfarlane Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Basalt
    County
    Eagle
    State
    Colorado
    Longitude
    -107.031525
    Latitude
    39.364674

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    FAQs

    What type of property is this?
    Office units - Tastefully decorated commercial space near downtown Basalt with river views.
    Where is this office units located?
    The property is located at 23286 Two Rivers Road Basalt, CO.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Prime location: Steps from Historic Downtown Basalt.; Top floor corner unit with Roaring Fork River views.; Tastefully decorated with top‑grade finishes including hardwood floors, marble bathroom, and granite kitchen countertop.
    (970) 948-4350
    We can help!
    Listing Contact
    Nancy Marie Stover
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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