Warehouse For
For Sale
Contact for pricing
2673 JACOB CIR, Steamboat Springs, CO 80487
Warehouse property offered for sale, providing a dedicated commercial space for storage and distribution use.
Property Size3,043 SF
Price / SF$326.98
Days on Market73
Property Features for 2673 JACOB CIR
General Information
Standard status
Active
Size
3,043 SF
Class
B
Property subtype
Industrial
Zoning
Commercial
Building Details
Year Built
1997
Stories
2
Listing Agency:
Commercial Property Group
(970) 879-1402
Listed By:
Bart Kounovsky · License #CO FA100071436
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 20 at 10:01PM
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 Commercial Property Group
Investment Insights
Based on property information with market context.
This for-sale warehouse property is positioned for commercial storage and distribution needs. The offering includes a single warehouse asset with a total size of 3,043 square feet.
The property is located at 2673 Jacob Cir in Steamboat Springs, CO. It presents a straightforward industrial option for buyers seeking a compact warehouse footprint.
For owner-users, this warehouse format can support day-to-day storage, light logistics, and inventory handling. For investors or buyers evaluating industrial holdings, the clear warehouse configuration and defined size support practical planning for utilization within the constraints of the existing asset.
The property is located at 2673 Jacob Cir in Steamboat Springs, CO. It presents a straightforward industrial option for buyers seeking a compact warehouse footprint.
For owner-users, this warehouse format can support day-to-day storage, light logistics, and inventory handling. For investors or buyers evaluating industrial holdings, the clear warehouse configuration and defined size support practical planning for utilization within the constraints of the existing asset.
Key Highlights
- Warehouse property built in 1997
- Dedicated commercial space for storage and distribution use
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
$85,195
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
8.56%
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%
$1,703,900
$1.7M
Cap Rate 7%
$1,217,071
$1.2M
Cap Rate 9%
$946,611
$946.6K
Market Conditions
NOI Build-Up for 3,043 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
$106.6K $35.04/SF
− Vacancy
−$6.4K −$2.10/SF
EGI
$100.2K $32.94/SF
− OpEx
−$15.0K −$4.94/SF
NOI
$85.2K $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%
$1,703,900
Cap Rate 7%
$1,217,071
Cap Rate 9%
$946,611
Alternative Uses
Best Use
Warehouse
$1.22M
$1.06M – $1.42M
NOI $85,195 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
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
518
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?
Warehouse - Warehouse property offered for sale, providing a dedicated commercial space for storage and distribution use.
Where is this warehouse located?
The property is located at 2673 JACOB CIR Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Warehouse property built in 1997; Dedicated commercial space for storage and distribution use
