Warehouse and Office Flex
For Sale
$1,850,000
365 Warren Avenue 208/209, Silverthorne, CO 80498
Commercially zoned property combining workspace, administrative areas, and oversized garage access.
Property Size4,635 SF
Price / SF$399.14
Days on Market62
Property Features for 365 Warren Avenue 208/209
General Information
Standard status
Active
Size
4,635 SF
Property subtype
Commercial/Industrial
Warehouse & Industrial
Warehouse Space
3,372 SF
Office Build-Out
1,263 SF
Drive-In Doors
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,582
Building Details
Year Built
1998
Building Size
4,635 SF
Listing Agency:
Omni Real Estate Company Inc
(970) 468-2740
Listed By:
Anne Marie Ohly · License #326911
(970) 485-0183
Source:
Exitrealty
Added: Aug 27
Changed: Oct 25
Last Checked: Sep 15 at 5:03AM
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 Omni Real Estate Company Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property at 365 Warren Avenue 208/209 combines approximately 4,635 SF of warehouse, office, and work areas. The layout includes approximately 3,372 SF of warehouse space and 1,263 SF of office/flex space, along with two oversized commercial garage doors and a half bathroom. Built in 1998, the property accommodates equipment, vehicles, inventory, materials, administrative functions, showroom activity, or customer-facing operations within one commercial setting.
Commercial zoning supports a variety of business uses. The property offers access to I-70 and the communities of Silverthorne, Dillon, Frisco, and Breckenridge, providing a practical base for operations throughout Summit County. Its combination of enclosed warehouse capacity and finished office/flex space supports both owner-user and commercial occupancy requirements.
Commercial zoning supports a variety of business uses. The property offers access to I-70 and the communities of Silverthorne, Dillon, Frisco, and Breckenridge, providing a practical base for operations throughout Summit County. Its combination of enclosed warehouse capacity and finished office/flex space supports both owner-user and commercial occupancy requirements.
Key Highlights
- Approximately 4,635 SF of combined warehouse, office, and flex space
- Approximately 3,372 SF of warehouse area
- 1,263 SF of office/flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,007
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,140
$1.6M
Cap Rate 7%
$1,114,386
$1.1M
Cap Rate 9%
$866,744
$866.7K
Market Conditions
NOI Build-Up for 4,635 SF
Gross rent
$122.4K $26.40/SF
− Vacancy
−$18.4K −$3.96/SF
EGI
$104.0K $22.44/SF
− OpEx
−$26.0K −$5.61/SF
NOI
$78.0K $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 Rate 5%
$1,560,140
Cap Rate 7%
$1,114,386
Cap Rate 9%
$866,744
Alternative Uses
Best Use
Warehouse
$92.25M
$80.72M – $107.63M
NOI $6,457,784 @ 7.0% cap · market cap 349.07%
Second Best
Industrial
$75.97M
$66.48M – $88.64M
NOI $5,318,175 @ 7.0% cap · market cap 287.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
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 Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combining workspace, administrative areas, and oversized garage access.
Where is this flex space located?
The property is located at 365 Warren Avenue 208/209 Silverthorne, CO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Approximately 4,635 SF of combined warehouse, office, and flex space; Approximately 3,372 SF of warehouse area; 1,263 SF of office/flex space
