Flex Space with
New
For Sale
$575,000
245 Marmot Lane, Eagle, CO 81631
Commercial Sale, Eagle, CO
Property Size1,963 SF
Lot Size0.10 Acres
Price / SF$292.92
Days on Market2
Property Features for 245 Marmot Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Industrial
Parking
2
Parking features
Assigned
Subdivision
Eagle
Standard status
Active
APN
1939-331-06-004
Size
1,963 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: Bedrock Indust & Comm Condo Unit: 4
Tax Annual Amount
5279
HOA Fee
$1,500 Quarterly
Legal Description
Subdivision: Bedrock Indust & Comm Condo Unit: 4
Utilities
Utilities
Water Available
Heating system
Forced Air
Building Details
Year built
1997
Floors in Building
1
Number of units
1
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway - Vail VLG · Berkshire Hathaway HomeServices
(970) 476-0476
Listed By:
Matt Seatvet · License #FA100076770
(970) 471-2518
Added: Sep 1
Last Checked: Sep 2 at 5:06AM
MLS# 1015069
Copyright © 2026 Vail Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,963-square-foot flex space at 245 Marmot Lane #4 offers a two-level configuration for warehouse, work, office, and storage needs. The main floor includes a warehouse area with high ceilings, an overhead garage door sized to accommodate a trailer, a dedicated office, bathroom, and additional workspace. An upper mezzanine adds storage capacity while preserving the primary floor area for operations and equipment.
The property includes two assigned parking spaces and is zoned Commercial Industrial. Access is available from Chambers Avenue, with connections to Highway 6 and I-70. Eagle County Regional Airport is minutes away, and the location provides access to Eagle, Vail, and Beaver Creek.
The property includes two assigned parking spaces and is zoned Commercial Industrial. Access is available from Chambers Avenue, with connections to Highway 6 and I-70. Eagle County Regional Airport is minutes away, and the location provides access to Eagle, Vail, and Beaver Creek.
Key Highlights
- 1,963 finished square feet arranged across two levels
- Upper mezzanine provides additional equipment, supply, and inventory storage
- High‑ceiling warehouse area with overhead garage door accommodating a trailer
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
$21,245
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
3.69%
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%
$424,900
$424.9K
Cap Rate 7%
$303,500
$303.5K
Cap Rate 9%
$236,056
$236.1K
Market Conditions
NOI Build-Up for 1,963 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
$35.3K $18.00/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$32.7K $16.65/SF
− OpEx
−$11.4K −$5.83/SF
NOI
$21.2K $10.82/SF
Area
Eagle County, CO
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$424,900
Cap Rate 7%
$303,500
Cap Rate 9%
$236,056
Alternative Uses
Best Use
Flex RnD
$303.5K
$265.6K – $354.1K
NOI $21,245 @ 7.0% cap · market cap 3.69%
Second Best
Warehouse
$210.6K
$184.3K – $245.7K
NOI $14,742 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$538.4K
$471.1K – $628.2K
NOI $37,690 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 81631, CO
9,017
Population
3,137
Households
2.9
Avg Household Size
39
Median Age
52%
College-Educated
93%
High-School Grad
220.4 sq mi
ZIP Area
41
Density / Sq Mi
$104,430
Median Household Income
$54,994
Median Earnings
$1,685
Median Rent
$717,600
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?
Flex space - Two-level commercial unit combining warehouse capacity, work areas, office space, and equipment storage.
Where is this flex space located?
The property is located at 245 Marmot Lane Eagle, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,963 finished square feet arranged across two levels; Upper mezzanine provides additional equipment, supply, and inventory storage; High‑ceiling warehouse area with overhead garage door accommodating a trailer
