Vail Valley Automotive Repair
For Sale
Contact for pricing
23798 Highway 24, Minturn, CO
Full-service auto shop serving Vail Valley with loyal customer base.
Property Size13,530 SF
Lot Size1.27 Acres
Price / SF$295.64
Days on Market639
Property Features for 23798 Highway 24
General Information
Standard status
Active
Size
13,530 SF
Lot size
1.27 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Matthews Real Estate Investment Services
(949) 662-2267
Listed By:
Cody Wellington · License #02220548(CA)
(303) 562-4101
Source:
Moodyscre
Added: Dec 5, 2024
Changed: Aug 24
Last Checked: Sep 4 at 6:01PM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This automotive property, known as Dutch Automotive, serves clientele throughout Vail Valley and has a loyal customer base. The business provides a wide variety of services, from collision work to mechanical repair, offering a full-service shop. The property is situated minutes from Vail Ski Resort and serves the entire Vail Valley. The property size is 13530 square feet.
Key Highlights
- Prime location minutes from Vail Ski Resort serving a high‑end customer base.
- Loyal customer base throughout Vail Valley.
- Full‑service shop offering comprehensive collision and total mechanical repair.
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
$189,626
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
4.74%
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%
$3,792,520
$3.8M
Cap Rate 7%
$2,708,943
$2.7M
Cap Rate 9%
$2,106,956
$2.1M
Market Conditions
NOI Build-Up for 13,530 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
$285.8K $21.12/SF
− Vacancy
−$14.9K −$1.10/SF
EGI
$270.9K $20.02/SF
− OpEx
−$81.3K −$6.01/SF
NOI
$189.6K $14.02/SF
Area
Eagle County, CO
Vacancy
5.20%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
30.00%
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%
$3,792,520
Cap Rate 7%
$2,708,943
Cap Rate 9%
$2,106,956
Alternative Uses
Best Use
Retail
$2.71M
$2.37M – $3.16M
NOI $189,626 @ 7.0% cap · market cap 4.74%
Second Best
Industrial
$1.20M
$1.05M – $1.39M
NOI $83,680 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$3.71M
$3.25M – $4.33M
NOI $259,776 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- FAS — 1081 Main St, Minturn, CO 81645
- HoltHammer Cycles LLC — 1040 Main St Unit D, Minturn, CO 81645
- L & H Auto Body — 23798 US-24, Minturn, CO 81645
- Dutch Automotive L.L.C. — 23798 US-24, Minturn, CO 81645
Frequently Asked Questions
What type of property is this?
Auto shop - Full-service auto shop serving Vail Valley with loyal customer base.
Where is this auto shop located?
The property is located at 23798 Highway 24 Minturn, CO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime location minutes from Vail Ski Resort serving a high‑end customer base.; Loyal customer base throughout Vail Valley.; Full‑service shop offering comprehensive collision and total mechanical repair.
