Mountain-Modern
For Sale
$1,350,000
30620 Relay Court, Oak Creek, CO 80467
Residential, Oak Creek, CO
Property Size2,625 SF
Lot Size0.48 Acres
Price / SF$514.29
Days on Market692
Property Features for 30620 Relay Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 4
Pets allowed
Yes
Subdivision
NEIGHBORHOODS AT YOUNGS PEAK
Lot features
Corner Lot, Sloped
View
Mountains
Elementary school
South Routt
Middle school
Soroco
High school
Soroco
Standard status
Active
APN
R8170528
Size
2,625 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1866
Amenities
deck
Building Details
Year built
2025
Listing Agency:
The Agency Steamboat Springs
(970) 457-6880
Listed By:
Michelle Parilla · License #100071440
(303) 591-0929
Added: Oct 31, 2024
Changed: Sep 16
Last Checked: Sep 22 at 7:06PM
MLS# S1054957
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.
This under-construction half-duplex provides 2,625 square feet of residential space across a flexible four-bedroom, four-bathroom layout. The lower level includes an attached 2-car garage, mudroom, laundry room, bedroom with an ensuite bath, and a bonus room that can accommodate office, bedroom, guest, or additional living use. A second bonus room is located upstairs alongside the primary suite and another bedroom. The property is scheduled for completion in 2025.
The upper level centers on an open kitchen, dining, and living arrangement with a large island and access to a deck. Ceilings over 10 feet high, natural stone and wood finishes, and multiple sliding doors contribute to the home's mountain-oriented design. Located at 30620 Relay Court in Oak Creek, the property occupies 0.48 acres and offers views of Young's Peak and the Stagecoach Ski Area. Walking trails and Stagecoach Reservoir are nearby, with boating, fishing, and paddleboarding identified as recreational activities at the reservoir.
The upper level centers on an open kitchen, dining, and living arrangement with a large island and access to a deck. Ceilings over 10 feet high, natural stone and wood finishes, and multiple sliding doors contribute to the home's mountain-oriented design. Located at 30620 Relay Court in Oak Creek, the property occupies 0.48 acres and offers views of Young's Peak and the Stagecoach Ski Area. Walking trails and Stagecoach Reservoir are nearby, with boating, fishing, and paddleboarding identified as recreational activities at the reservoir.
Key Highlights
- 2,625‑square‑foot under‑construction half‑duplex
- Four bedrooms and four bathrooms with two flexible bonus rooms
- Attached 2‑car garage with direct access to a dedicated mudroom
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
$48,857
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
3.62%
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%
$977,140
$977.1K
Cap Rate 7%
$697,957
$698.0K
Cap Rate 9%
$542,856
$542.9K
Market Conditions
NOI Build-Up for 2,625 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
$94.5K $36.00/SF
− Vacancy
−$5.7K −$2.16/SF
EGI
$88.8K $33.84/SF
− OpEx
−$40.0K −$15.23/SF
NOI
$48.9K $18.61/SF
Area
Routt County, CO
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
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%
$977,140
Cap Rate 7%
$697,957
Cap Rate 9%
$542,856
Alternative Uses
Best Use
Apartment 5plus
$698.0K
$610.7K – $814.3K
NOI $48,857 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.05M
$918.7K – $1.22M
NOI $73,492 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 80467, CO
2,302
Population
1,338
Households
1.7
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
277.6 sq mi
ZIP Area
8
Density / Sq Mi
$101,300
Median Household Income
$53,824
Median Earnings
$1,413
Median Rent
$644,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction residential income property with flexible living areas, an attached garage, and views toward Young's Peak and Stagecoach Ski Area.
Where is this residential income property located?
The property is located at 30620 Relay Court Oak Creek, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,625‑square‑foot under‑construction half‑duplex; Four bedrooms and four bathrooms with two flexible bonus rooms; Attached 2‑car garage with direct access to a dedicated mudroom
