Eagle Commercial Space For
For Sale
$575,000
245 Marmot Lane #4, Eagle, CO 81631
Commercial space in Eagle's Industrial/Commercial zone, close to I70.
Property Size1,963 SF
Price / SF$292.92
Days on Market183
Property Features for 245 Marmot Lane #4
General Information
Standard status
Active
Size
1,963 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,278
Amenities
Asphalt Roof
Assigned
Forced Air Heating
Building Details
Year Built
1997
Listing Agency:
BERKSHIRE HATHAWAY - VAIL VLG
(970) 476-0476
Listed By:
MATT SEATVET
Source:
Corcoran
Added: Mar 5
Changed: Sep 3
Last Checked: Sep 2 at 6:48PM
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 BERKSHIRE HATHAWAY - VAIL VLG
Investment Insights
Based on property information with market context.
Located in Eagle's Industrial/Commercial zone, with convenient access to I70 and US HWY 6, this commercial space offers an environment for business growth. The property includes a new Employee Dwelling Unit (EDU) permit that remains with the unit, creating a work-live-play location. The 2,053 square foot unit features numerous upgrades. Suitable for both startups and established businesses, the space is designed to impress clients upon entry, offering ample room for a display area and storage. The building houses other established commercial and industrial businesses. The property is sold in 'AS IS' condition.
Key Highlights
- New employee dwelling unit (EDU) permit included.
- Convenient location near I70 and US HWY 6.
- Upgraded unit in a well‑established commercial/industrial complex.
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
$27,561
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
4.79%
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%
$551,220
$551.2K
Cap Rate 7%
$393,729
$393.7K
Cap Rate 9%
$306,233
$306.2K
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
$47.1K $24.00/SF
− Vacancy
−$10.4K −$5.28/SF
EGI
$36.7K $18.72/SF
− OpEx
−$9.2K −$4.68/SF
NOI
$27.6K $14.04/SF
Area
Eagle County, CO
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$551,220
Cap Rate 7%
$393,729
Cap Rate 9%
$306,233
Alternative Uses
Best Use
Office B
$393.7K
$344.5K – $459.4K
NOI $27,561 @ 7.0% cap · market cap 4.79%
Second Best
Mixed Use
$348.3K
$304.8K – $406.3K
NOI $24,380 @ 7.0% cap · market cap 4.24%
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
Location Intelligence
Trade Area within ½ mile
13
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space in Eagle's Industrial/Commercial zone, close to I70.
Where is this mixed-use property located?
The property is located at 245 Marmot Lane #4 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: New employee dwelling unit (EDU) permit included.; Convenient location near I70 and US HWY 6.; Upgraded unit in a well‑established commercial/industrial complex.
