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    3 Airport Cir, Unit 3 Steamboat Springs, CO 80487

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    For Sale
    $750,000

    Industrial land for sale in Steamboat Airport Industrial Park.

    Property Features for 3 Airport Cir

    General Information

    Standard status
    Active

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Ronald Wendler
    Source: Corcoran

    Listing Agency: THE GROUP REAL ESTATE, LLC Listing Agent: Ronald Wendler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Steamboat Airport Industrial Park Land

    Located one mile north of Highway 40 along Elk River Road, the Steamboat Airport Industrial Park features 27 lots ranging from 0.25 to 3 acres. This subdivision offers an opportunity to own industrial land in Steamboat Springs. The zoning is industrial, and permitted uses are extensive and flexible, including live/work spaces, workforce housing, automotive services, contractor shops, equipment storage, food and beverage processing, heavy equipment services, manufacturing, office/flex spaces, nurseries, mobile food trucks, restaurants and tasting rooms, tech and utility centers, and warehouse and storage facilities. The subdivision is intended to meet Steamboat’s demand for commercial and industrial services. Final plat and construction drawings have been approved, with construction planned to commence in spring of 2026 and estimated completion in fall of 2026.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Pharmacy Gym & Fitness Center Auto Parts Store Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.862453
    Latitude
    40.519873

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    FAQs

    What type of property is this?
    Industrial land - Industrial land for sale in Steamboat Airport Industrial Park.
    Where is this industrial land located?
    The property is located at 3 Airport Cir, Unit 3 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: - Rare opportunity to own industrial land in Steamboat Springs.; - Extensive and flexible permitted uses including live/work, automotive, contractor shops, manufacturing, and more.; - Located in Steamboat Airport Industrial Park, one mile north of Highway 40.
    (970) 846-7500
    Request Owner's contact information
    3 Airport Cir, Unit 3 Steamboat Springs, CO 80487
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    Steamboat Springs, CO 80487
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Airport Cir, Unit 3 Steamboat Springs, CO 80487
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    We can help!
    Listing Contact
    Ronald Wendler
    Real Estate License ID: 40000783
    (970) 846-7500 (970) 870-8800
    Learn more
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