Street-Facing Flex
New
For Sale
$945,000
2670 Copper Ridge Circle #7, Steamboat Springs, CO 80487
Street-facing unit combines storefront glazing, office space, and a roll-up loading bay.
Property Size1,688 SF
Price / SF$559.83
Days on Market4
Property Features for 2670 Copper Ridge Circle #7
General Information
Standard status
Active
Size
1,688 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
16 ft
Power
100 amps
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,097
Amenities
Asphalt
Membrane Roof
Parking Lot
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
THE GROUP REAL ESTATE, LLC
(970) 870-8800
Listed By:
NICK METZLER
Source:
Corcoran
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 6:27AM
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 GROUP REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This 1,688-square-foot flex unit is configured for commercial use with storefront glass, a separate office, and a 10' x 12' roll-up bay door. The space has 16-foot ceilings, coated flooring, updated paint, upgraded electrical service, shelving, and an improved office area. Interior lighting was upgraded, and a gas furnace was installed in 2025. Additional physical features include skylight-equipped second-floor egress windows, plumbing drain and roof vent access, and a water service line with hose bib. The ceiling height may support a future second level for storage or office space, subject to buyer review and required City and HOA approvals.
Positioned at 2670 Copper Ridge Circle #7 in a professionally managed complex, the unit has southwest exposure, street-facing visibility, storefront presentation, signage opportunities, parking, and a clear approach to the bay. The association maintains the buildings and grounds and includes a mix of established owners and businesses.
Positioned at 2670 Copper Ridge Circle #7 in a professionally managed complex, the unit has southwest exposure, street-facing visibility, storefront presentation, signage opportunities, parking, and a clear approach to the bay. The association maintains the buildings and grounds and includes a mix of established owners and businesses.
Key Highlights
- 1,688 SF flex unit at 2670 Copper Ridge Circle #7
- 10' x 12' roll‑up bay door with unobstructed approach
- 16 ft ceiling height with potential for a second level, subject to City and HOA approvals
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
$47,259
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
5.00%
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%
$945,180
$945.2K
Cap Rate 7%
$675,129
$675.1K
Cap Rate 9%
$525,100
$525.1K
Market Conditions
NOI Build-Up for 1,688 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
$59.1K $35.04/SF
− Vacancy
−$3.5K −$2.10/SF
EGI
$55.6K $32.94/SF
− OpEx
−$8.3K −$4.94/SF
NOI
$47.3K $28.00/SF
Area
Routt County, CO
Vacancy
6.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
15.00%
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%
$945,180
Cap Rate 7%
$675,129
Cap Rate 9%
$525,100
Alternative Uses
Best Use
Warehouse
$675.1K
$590.7K – $787.7K
NOI $47,259 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$410.2K
$358.9K – $478.6K
NOI $28,713 @ 7.0% cap · market cap 3.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
311
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
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Frequently Asked Questions
What type of property is this?
Flex space - Street-facing unit combines storefront glazing, office space, and a roll-up loading bay.
Where is this flex space located?
The property is located at 2670 Copper Ridge Circle #7 Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 1,688 SF flex unit at 2670 Copper Ridge Circle #7; 10' x 12' roll‑up bay door with unobstructed approach; 16 ft ceiling height with potential for a second level, subject to City and HOA approvals
