Mixed-Use Space with
For Sale
$1,300,000
331 W Main Street #100, Frisco, CO 80443
Air-conditioned office and retail space with flexible internal configuration and access to a south-facing patio.
Property Size2,698 SF
Days on Market1089
Property Features for 331 W Main Street #100
General Information
Standard status
Active
Size
2,698 SF
Property subtype
Commercial
Building Details
Building Size
2,698 SF
Year Built
2008
Units
1
Listing Agency:
Slifer Smith & Frampton R. E.
(970) 668-1550
Listed By:
Eric Klein · License #40028087
Source:
Coloradopartners
Added: Sep 2, 2023
Changed: Aug 18
Last Checked: Aug 25 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Slifer Smith & Frampton R. E.
Investment Insights
Based on property information with market context.
This commercial condominium combines office and retail improvements within a 2008 building. The existing finish includes shared and private offices, a kitchen, and two conference or meeting rooms. The space also includes access to entry areas and common bathrooms, along with a large south-facing patio.
Positioned at 331 W Main Street #100 in Frisco, the property is in the West Frisco Gateway subdivision and is described as one of the first commercial locations encountered when entering from the west at exit 201. Four deeded garage parking spaces are included. The premises may be divided into two separately occupied areas, with each portion having its own entrance. The offering covers the commercial space only and does not include the business.
Positioned at 331 W Main Street #100 in Frisco, the property is in the West Frisco Gateway subdivision and is described as one of the first commercial locations encountered when entering from the west at exit 201. Four deeded garage parking spaces are included. The premises may be divided into two separately occupied areas, with each portion having its own entrance. The offering covers the commercial space only and does not include the business.
Key Highlights
- Mixed‑use commercial space at 331 W Main Street #100 in Frisco, CO 80443
- 2008 building with office and retail improvements
- Four deeded parking spaces in the garage
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
$45,407
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
3.49%
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%
$908,140
$908.1K
Cap Rate 7%
$648,671
$648.7K
Cap Rate 9%
$504,522
$504.5K
Market Conditions
NOI Build-Up for 2,698 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
$71.2K $26.40/SF
− Vacancy
−$10.7K −$3.96/SF
EGI
$60.5K $22.44/SF
− OpEx
−$15.1K −$5.61/SF
NOI
$45.4K $16.83/SF
Area
Summit County, CO
Vacancy
15.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$908,140
Cap Rate 7%
$648,671
Cap Rate 9%
$504,522
Alternative Uses
Best Use
Mixed Use
$39.49M
$34.55M – $46.07M
NOI $2,763,992 @ 7.0% cap · market cap 212.61%
Second Best
Office B
$648.7K
$567.6K – $756.8K
NOI $45,407 @ 7.0% cap · market cap 3.49%
Theoretical Best
Warehouse
$53.70M
$46.99M – $62.65M
NOI $3,759,029 @ 7.0% cap · market cap 289.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 80443, CO
4,170
Population
5,552
Households
0.8
Avg Household Size
41
Median Age
60%
College-Educated
98%
High-School Grad
102.1 sq mi
ZIP Area
41
Density / Sq Mi
$112,179
Median Household Income
$51,450
Median Earnings
$2,542
Median Rent
$844,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Air-conditioned office and retail space with flexible internal configuration and access to a south-facing patio.
Where is this mixed-use property located?
The property is located at 331 W Main Street #100 Frisco, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑use commercial space at 331 W Main Street #100 in Frisco, CO 80443; 2008 building with office and retail improvements; Four deeded parking spaces in the garage
