Duplex with South-Facing
For Sale
$799,000
355 Rainbow Court, Silverthorne, CO 80498
Three-bedroom, two-bathroom layout near Willow Lake, recreation facilities, outlet shopping, and restaurants.
Property Size1,652 SF
Days on Market831
Property Features for 355 Rainbow Court
General Information
Standard status
Active
Size
1,652 SF
Property subtype
Duplex
Zoning
Duplex
Additional Details
Multifamily Units
2
Amenities
deck
Building Details
Building Size
1,652 SF
Year Built
1980
Stories
2
Listing Agency:
Liv Sotheby's I. R.
(970) 453-0550
Listed By:
Stuart Reddell · License #FA100010239
Source:
Steamboatmountainrealestate
Added: May 22, 2024
Changed: Aug 29
Last Checked: Aug 29 at 5:32PM
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 Liv Sotheby's I. R.
Investment Insights
Based on property information with market context.
This duplex at 355 Rainbow Court offers a 3-bedroom, 2-bathroom configuration with a south-facing deck. Built in 1980, the property is zoned Duplex and has no HOA fees.
Willow Lake is located just steps away, while the Silverthorne Rec Center, outlet shopping, and restaurants are nearby. The deck faces south and provides views toward the Gore Range, including sunset views. The property is in Silverthorne, Colorado, and is offered for sale.
Willow Lake is located just steps away, while the Silverthorne Rec Center, outlet shopping, and restaurants are nearby. The deck faces south and provides views toward the Gore Range, including sunset views. The property is in Silverthorne, Colorado, and is offered for sale.
Key Highlights
- 3‑bedroom, 2‑bathroom duplex
- South‑facing deck with Gore Range views
- Willow Lake just steps from the property
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
$27,539
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
3.45%
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%
$550,780
$550.8K
Cap Rate 7%
$393,414
$393.4K
Cap Rate 9%
$305,989
$306.0K
Market Conditions
NOI Build-Up for 1,652 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
$41.6K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$39.3K $23.81/SF
− OpEx
−$11.8K −$7.14/SF
NOI
$27.5K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$550,780
Cap Rate 7%
$393,414
Cap Rate 9%
$305,989
Alternative Uses
Best Use
Multifamily LT 5
$393.4K
$344.2K – $459.0K
NOI $27,539 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.9K
NOI $25,431 @ 7.0% cap · market cap 3.18%
Theoretical Best
Warehouse
$32.88M
$28.77M – $38.36M
NOI $2,301,674 @ 7.0% cap · market cap 288.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80498, CO
8,405
Population
6,931
Households
1.2
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
294.8 sq mi
ZIP Area
29
Density / Sq Mi
$105,227
Median Household Income
$49,636
Median Earnings
$1,738
Median Rent
$721,700
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 - Three-bedroom, two-bathroom layout near Willow Lake, recreation facilities, outlet shopping, and restaurants.
Where is this duplex located?
The property is located at 355 Rainbow Court Silverthorne, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bathroom duplex; South‑facing deck with Gore Range views; Willow Lake just steps from the property
