Riverfront Residential Income
New
For Sale
$849,000
3130 Hager Lane, Glenwood Springs, CO 81601
Residential, Glenwood Springs, CO
Property Size1,968 SF
Lot Size0.05 Acres
Price / SF$431.40
Days on Market1
Property Features for 3130 Hager Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Subdivision
Hagar Lane
Directions
27th St to South on Midland, left on Hager Lane, riverside on the left
Standard status
Active
APN
218521149002
Size
1,968 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SECTION: 21 TOWNSHIP: 6 RANGE: 89 DESC: A RESUB OF LOT B, WAHL MINOR SUB-DIV. SUBDIVISION: HAGER LANE CONDOMINIUMS UNIT: 2
Tax Annual Amount
4334
Legal Description
SECTION: 21 TOWNSHIP: 6 RANGE: 89 DESC: A RESUB OF LOT B, WAHL MINOR SUB-DIV. SUBDIVISION: HAGER LANE CONDOMINIUMS UNIT: 2
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
upstairs office
jetted soaking tub
private decks
garage parking
Building Details
Year built
2009
Floors in Building
2
Building materials
Stone Veneer, Stucco, Frame
Roof type
Composition
Architectural style
Split Level
Listing Agency:
Compass Aspen
(970) 925-6063
Listed By:
Ashley Efraim
(206) 661-7098
Added: Aug 28
Last Checked: Aug 28 at 7:06PM
MLS# 194353
Copyright © 2026 Aspen Glenwood MLS. 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.
Located at 3130 Hager Lane Unit B in Glenwood Springs, this residential income property offers 1,968 square feet arranged across a split-level floor plan. The home includes three bedrooms, two full bathrooms, one half bath, and an upstairs office. The primary suite features a private bathroom and jetted soaking tub, while two private decks extend the living area outdoors.
The property sits along the Roaring Fork River with mountain views that include Mount Sopris. Built in 2009, the residence has stone veneer, stucco, and frame construction, a composition roof, forced-air natural gas heating, and central air conditioning. The 0.05-acre parcel is zoned RES, served by public water, and includes natural gas availability and garage parking.
The property sits along the Roaring Fork River with mountain views that include Mount Sopris. Built in 2009, the residence has stone veneer, stucco, and frame construction, a composition roof, forced-air natural gas heating, and central air conditioning. The 0.05-acre parcel is zoned RES, served by public water, and includes natural gas availability and garage parking.
Key Highlights
- Riverfront setting along the Roaring Fork River in Glenwood Springs
- 1,968 square feet with 3 bedrooms, 2.5 bathrooms, and an upstairs office
- 0.05‑acre parcel with RES zoning
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
$24,064
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
2.83%
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%
$481,280
$481.3K
Cap Rate 7%
$343,771
$343.8K
Cap Rate 9%
$267,378
$267.4K
Market Conditions
NOI Build-Up for 1,968 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
$45.8K $23.28/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$43.8K $22.23/SF
− OpEx
−$19.7K −$10.00/SF
NOI
$24.1K $12.23/SF
Area
Garfield County, CO
Vacancy
4.50%
Lease Rate
$23.28 /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%
$481,280
Cap Rate 7%
$343,771
Cap Rate 9%
$267,378
Alternative Uses
Best Use
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,064 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.4K
$451.0K – $601.3K
NOI $36,078 @ 7.0% cap · market cap 4.25%
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
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 81601, CO
16,484
Population
6,491
Households
2.5
Avg Household Size
38
Median Age
41%
College-Educated
88%
High-School Grad
367.6 sq mi
ZIP Area
45
Density / Sq Mi
$103,632
Median Household Income
$45,271
Median Earnings
$1,812
Median Rent
$726,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - RES-zoned residence with three bedrooms, two-and-a-half baths, garage parking, and mountain-facing outdoor space.
Where is this residential income property located?
The property is located at 3130 Hager Lane Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Riverfront setting along the Roaring Fork River in Glenwood Springs; 1,968 square feet with 3 bedrooms, 2.5 bathrooms, and an upstairs office; 0.05‑acre parcel with RES zoning
