Two-Story Warehouse with Roll-Up
For Sale
$750,000
2570 Copper Ridge Drive #C, Steamboat Springs, CO 80487
Flexible warehouse configuration with private bathrooms on both levels and parking within a small commercial complex.
Property Size2,688 SF
Days on Market649
Property Features for 2570 Copper Ridge Drive #C
General Information
Standard status
Active
Size
2,688 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,688 SF
Year Built
2000
Stories
2
Units
1
Listing Agency:
The Agency Steamboat Springs
(970) 457-6880
Listed By:
Christopher Sias
Source:
Steamboatmountainrealestate
Added: Nov 11, 2024
Changed: Aug 21
Last Checked: Aug 22 at 1:03PM
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 The Agency Steamboat Springs
Investment Insights
Based on property information with market context.
Built in 2000, this two-story warehouse unit offers a practical layout within a small commercial complex. Each level includes its own private bathroom, and the property has a 12-foot roll-up door for receiving and moving materials. The configuration supports separate use of the floors, with one level available for occupancy while the other is rented, subject to applicable requirements.
Two parking spaces are positioned directly in front of the unit, with additional shared parking available throughout the complex. The space is currently leased and is scheduled to be vacant by January 1, 2025.
Two parking spaces are positioned directly in front of the unit, with additional shared parking available throughout the complex. The space is currently leased and is scheduled to be vacant by January 1, 2025.
Key Highlights
- Two‑story warehouse unit in a small commercial complex
- Private bathroom located on each level
- 12' roll‑up door
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
$42,457
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
5.66%
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%
$849,140
$849.1K
Cap Rate 7%
$606,529
$606.5K
Cap Rate 9%
$471,744
$471.7K
Market Conditions
NOI Build-Up for 2,688 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
$72.6K $27.00/SF
− Vacancy
−$7.3K −$2.70/SF
EGI
$65.3K $24.30/SF
− OpEx
−$22.9K −$8.50/SF
NOI
$42.5K $15.80/SF
Area
Routt County, CO
Vacancy
10.00%
Lease Rate
$27.00 /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%
$849,140
Cap Rate 7%
$606,529
Cap Rate 9%
$471,744
Alternative Uses
Best Use
Warehouse
$1.08M
$940.7K – $1.25M
NOI $75,256 @ 7.0% cap · market cap 10.03%
Second Best
Flex RnD
$606.5K
$530.7K – $707.6K
NOI $42,457 @ 7.0% cap · market cap 5.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80487, CO
18,209
Population
13,231
Households
1.4
Avg Household Size
42
Median Age
57%
College-Educated
97%
High-School Grad
795.8 sq mi
ZIP Area
23
Density / Sq Mi
$106,837
Median Household Income
$50,551
Median Earnings
$1,927
Median Rent
$915,900
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?
Warehouse - Flexible warehouse configuration with private bathrooms on both levels and parking within a small commercial complex.
Where is this warehouse located?
The property is located at 2570 Copper Ridge Drive #C Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑story warehouse unit in a small commercial complex; Private bathroom located on each level; 12' roll‑up door
