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 s***@bhhsvail.net Show Phone

Listed By: Matt Seatvet · License #FA100076770 Show Phone

Added: Sep 1 Changed: Oct 1 Last Checked: Oct 17 at 2:06PM

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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.

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Investment Insights

Based on property information with market context.

This 1,963-square-foot flex space at 245 Marmot Lane, Unit 4, was built in 1997 and is arranged across two levels. The main floor combines a warehouse and work area with high ceilings, an overhead garage door sized to accommodate a trailer, a dedicated office, a bathroom, and additional workspace. An upper mezzanine adds storage capacity while preserving the primary warehouse area. The property has frame construction, radiant heating, an asphalt roof, and water available.

The unit includes two assigned parking spaces and is located just off Chambers Avenue, with access to Highway 6 and I-70. Eagle County Regional Airport is minutes away, and the location provides access to Eagle, Vail, and Beaver Creek. Commercial Industrial zoning supports the property's stated commercial and industrial positioning.

Key Highlights

• 1,963 SF flex space arranged across two levels
• High‑ceiling warehouse and work area with overhead garage door
• Upper‑level mezzanine adds equipment, supply, and inventory storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,245

Cap Rate

3.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$424,900 $424.9K

Cap Rate 7%

$303,500 $303.5K

Cap Rate 9%

$236,056 $236.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,963 SF

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 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 (±1% cap)

NOI $21,245 @ 7.0% cap · market cap 3.97%

Second Best

Warehouse

$210.6K

$184.3K – $245.7K (±1% cap)

NOI $14,742 @ 7.0% cap · market cap 2.76%

Theoretical Best

Office A

$538.4K

$471.1K – $628.2K (±1% cap)

NOI $37,690 @ 7.0% cap · market cap 7.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Functional commercial unit with warehouse capacity, office space, mezzanine storage, and convenient regional highway access.

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 $535,000.

What are key features of this property?

This property features: 1,963 SF flex space arranged across two levels; High‑ceiling warehouse and work area with overhead garage door; Upper‑level mezzanine adds equipment, supply, and inventory storage