Updated Three-Bedroom
For Sale
$750,000
3713 Silverheels Drive #D, Silverthorne, CO 80498
Vaulted living area with fireplace opens to dining and a stainless-equipped kitchen.
Property Size1,385 SF
Days on Market440
Property Features for 3713 Silverheels Drive #D
General Information
Standard status
Active
Size
1,385 SF
Total Parking Spaces
2
Property subtype
Duplex
Zoning
Duplex
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
fireplace
stainless steel appliances
washer/dryer
deck
hot tub
Building Details
Building Size
1,385 SF
Year Built
1979
Stories
3
Listing Agency:
Milehimodern, LLC
(303) 396-9913
Listed By:
Ben Clark · License #100039365
Source:
Steamboatmountainrealestate
Added: Jun 12, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:04PM
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 Milehimodern, LLC
Investment Insights
Based on property information with market context.
This duplex residence offers three bedrooms and two baths within a layout that connects the living, dining, and kitchen areas. Vaulted ceilings and a fireplace define the main living space, while the kitchen includes stainless steel appliances and wood cabinetry. Recent improvements include new carpeting, a newer roof, and a newer hot tub. The home also features a laundry area with a washer and dryer, a spacious deck, and a two-car attached garage. Almost all furnishings are included, and the property has no HOA dues.
Located across the street from open space in Silverthorne’s Wildernest area, the residence is positioned near scenic trails, transportation, and outdoor recreation. The property is identified as a duplex and was built in 1979.
Located across the street from open space in Silverthorne’s Wildernest area, the residence is positioned near scenic trails, transportation, and outdoor recreation. The property is identified as a duplex and was built in 1979.
Key Highlights
- Three‑bedroom, two‑bath duplex built in 1979
- Two‑car attached garage with additional storage capacity
- Vaulted living area with fireplace and connected dining 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
$23,088
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
3.08%
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%
$461,760
$461.8K
Cap Rate 7%
$329,829
$329.8K
Cap Rate 9%
$256,533
$256.5K
Market Conditions
NOI Build-Up for 1,385 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
$34.9K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$33.0K $23.81/SF
− OpEx
−$9.9K −$7.14/SF
NOI
$23.1K $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%
$461,760
Cap Rate 7%
$329,829
Cap Rate 9%
$256,533
Alternative Uses
Best Use
Multifamily LT 5
$329.8K
$288.6K – $384.8K
NOI $23,088 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$304.6K
$266.5K – $355.3K
NOI $21,320 @ 7.0% cap · market cap 2.84%
Theoretical Best
Warehouse
$27.57M
$24.12M – $32.16M
NOI $1,929,672 @ 7.0% cap · market cap 257.29%
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 - Vaulted living area with fireplace opens to dining and a stainless-equipped kitchen.
Where is this duplex located?
The property is located at 3713 Silverheels Drive #D Silverthorne, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath duplex built in 1979; Two‑car attached garage with additional storage capacity; Vaulted living area with fireplace and connected dining space
