Live-Work Warehouse with Overhead
For Sale
$850,000
2700 Lincoln Ave, Steamboat Springs, CO 80487
COMMERCIAL - Steamboat Springs, CO
Property Size1,800 SF
Lot Size0.48 Acres
Price / SF$472.22
Days on Market47
Property Features for 2700 Lincoln Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
NO DEFINED DEVELOPMENT
Standard status
Active
APN
R8180848
Lot size
0.48 Acres
Utilities
Heating system
Radiant, Radiant Floor
Building Details
Year built
2026
Roof type
Asphalt
Listing Agency:
The Agency Steamboat Springs
(970) 457-6880
Listed By:
Chris Paoli
(970) 819-1432
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 29 at 10:06PM
MLS# S1070305
Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Live-work warehouse designed for trailer, RV, and equipment access, positioned at the end of a private parking lot with the ability to back in. The heated main level includes epoxy floors, a bathroom, and large overhead doors sized for practical loading and unloading. Radiant floor heating is provided, and the roof is asphalt. The property is listed as under construction with a 2026 year built.
A second level loft offers an additional 600 square feet that can be used as an office or as extra warehouse space. The property sits on Highway 40 west of downtown, providing convenient access to the core trail and nearby west side restaurants.
With 0.48 acres and a two-level layout, this configuration supports flexible live-work or warehouse-oriented uses while keeping operations convenient through straightforward vehicle access.
A second level loft offers an additional 600 square feet that can be used as an office or as extra warehouse space. The property sits on Highway 40 west of downtown, providing convenient access to the core trail and nearby west side restaurants.
With 0.48 acres and a two-level layout, this configuration supports flexible live-work or warehouse-oriented uses while keeping operations convenient through straightforward vehicle access.
Key Highlights
- End of a private parking lot with ability to back in trailers, recreational vehicles, and equipment
- Heated 1,200 SF warehouse main level with epoxy floors and bathroom
- Large 14 x 14 overhead doors for loading and unloading
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
$50,395
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
5.93%
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%
$1,007,900
$1.0M
Cap Rate 7%
$719,929
$719.9K
Cap Rate 9%
$559,944
$559.9K
Market Conditions
NOI Build-Up for 1,800 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
$63.1K $35.04/SF
− Vacancy
−$3.8K −$2.10/SF
EGI
$59.3K $32.94/SF
− OpEx
−$8.9K −$4.94/SF
NOI
$50.4K $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%
$1,007,900
Cap Rate 7%
$719,929
Cap Rate 9%
$559,944
Alternative Uses
Best Use
Warehouse
$719.9K
$629.9K – $839.9K
NOI $50,395 @ 7.0% cap · market cap 5.93%
Second Best
Mixed Use
$453.2K
$396.6K – $528.8K
NOI $31,725 @ 7.0% cap · market cap 3.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Live-work warehouse with heated main level, radiant floor heat, and an upstairs loft for office or additional storage.
Where is this live-work space located?
The property is located at 2700 Lincoln Ave Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: End of a private parking lot with ability to back in trailers, recreational vehicles, and equipment; Heated 1,200 SF warehouse main level with epoxy floors and bathroom; Large 14 x 14 overhead doors for loading and unloading
