Half-Duplex with Attached Two-Car
For Sale
$1,350,000
30620 Relay Court, Oak Creek, CO 80467
MULTI_FAMILY - Oak Creek, CO
Property Size2,625 SF
Lot Size0.48 Acres
Price / SF$514.29
Days on Market646
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 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 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: Aug 4
Last Checked: Aug 7 at 8:06AM
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.
Under construction for 2025, this half-duplex is designed to feel like a spacious single-family home on a 0.48-acre lot. With 2,625 sq ft of living space, the layout includes four bedrooms, four bathrooms, and an additional flex space. The home features a lower level with direct entry from the main front door, or convenience parking into an attached 2-car garage and stepping into a dedicated mudroom. This level also includes a laundry room, a generously sized bedroom with an ensuite bath, and a bonus room that can be finished as an additional bedroom or home office, or adapted as an ADU for guests, private quarters, or rental income.
Upstairs, you’ll find an open living area with a modern kitchen anchored by a grand island. Sliding doors open to a large deck with views of Young’s Peak and the Stagecoach Ski Area. Additional highlights include ceilings over 10 feet high, natural light throughout, and a primary suite plus a guest bedroom and another flex room that can serve as an office or reading nook.
Located in Oak Creek, the property offers easy access to nearby walking trails, with Stagecoach Reservoir described as a short drive or bike ride away.
Upstairs, you’ll find an open living area with a modern kitchen anchored by a grand island. Sliding doors open to a large deck with views of Young’s Peak and the Stagecoach Ski Area. Additional highlights include ceilings over 10 feet high, natural light throughout, and a primary suite plus a guest bedroom and another flex room that can serve as an office or reading nook.
Located in Oak Creek, the property offers easy access to nearby walking trails, with Stagecoach Reservoir described as a short drive or bike ride away.
Key Highlights
- Under construction for 2025 on a 0.48‑acre lot
- 2,625 sq ft half‑duplex with four bedrooms and four bathrooms
- Lower level access plus an attached 2‑car garage and 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
$53,023
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
3.93%
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%
$1,060,460
$1.1M
Cap Rate 7%
$757,471
$757.5K
Cap Rate 9%
$589,144
$589.1K
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
$80.3K $30.60/SF
− Vacancy
−$4.6K −$1.74/SF
EGI
$75.7K $28.86/SF
− OpEx
−$22.7K −$8.66/SF
NOI
$53.0K $20.20/SF
Area
Routt County, CO
Vacancy
5.70%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,060,460
Cap Rate 7%
$757,471
Cap Rate 9%
$589,144
Alternative Uses
Best Use
Multifamily LT 5
$757.5K
$662.8K – $883.7K
NOI $53,023 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$698.0K
$610.7K – $814.3K
NOI $48,857 @ 7.0% cap · market cap 3.62%
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction half-duplex with four bedrooms, four bathrooms, flex space, and an attached two-car garage.
Where is this duplex 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: Under construction for 2025 on a 0.48‑acre lot; 2,625 sq ft half‑duplex with four bedrooms and four bathrooms; Lower level access plus an attached 2‑car garage and dedicated mudroom
