Warehouse Flex
New
For Sale
$1,850,000
365 Warren Avenue, Silverthorne, CO 80498
Commercially zoned space combines warehouse capacity with dedicated office and flex areas for operational versatility.
Property Size4,635 SF
Price / SF$399.14
Days on Market6
Property Features for 365 Warren Avenue
General Information
Standard status
Active
Size
4,635 SF
Property subtype
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
Amenities
Metal
Level
Level.
Building Details
Year Built
1998
Building Size
4,635 SF
Listing Agency:
Omni Real Estate Company Inc
(970) 485-0183
Listed By:
Anne Marie Ohly · License #ER326911
(970) 485-0183
Source:
Xome
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 6:26PM
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
Investment Insights
Based on property information with market context.
Built in 1998, this commercial flex property contains approximately 4,635 square feet arranged for warehouse, office, and flexible work functions. Approximately 3,372 square feet is devoted to warehouse space, while approximately 1,263 square feet provides office or flex accommodation. Two oversized commercial garage doors support equipment, vehicle, inventory, and material access, and a half bathroom serves daily operations.
The property is located at 365 Warren Avenue in Silverthorne, with access to I-70 and the surrounding communities of Dillon, Frisco, and Breckenridge. Commercial zoning supports a range of business uses, subject to applicable requirements. The combination of enclosed warehouse area and finished administrative or customer-facing space creates a practical setting for an owner-user or business operation requiring both work and storage areas.
The property is located at 365 Warren Avenue in Silverthorne, with access to I-70 and the surrounding communities of Dillon, Frisco, and Breckenridge. Commercial zoning supports a range of business uses, subject to applicable requirements. The combination of enclosed warehouse area and finished administrative or customer-facing space creates a practical setting for an owner-user or business operation requiring both work and storage areas.
Key Highlights
- Approximately 4,635 SF commercial flex property
- Approximately 3,372 SF of warehouse space
- Approximately 1,263 SF of office/flex space
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
$78,007
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
4.22%
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%
$1,560,140
$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
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
$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 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%
$1,560,140
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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned space combines warehouse capacity with dedicated office and flex areas for operational versatility.
Where is this flex space located?
The property is located at 365 Warren Avenue 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 commercial flex property; Approximately 3,372 SF of warehouse space; Approximately 1,263 SF of office/flex space
