Mixed-Use Property With 7
For Sale
$3,200,000
390 Elm Rd, Estes Park, CO 80517
A varied building mix includes residential, storage, and commercial components under month-to-month leases.
Property Size10,841 SF
Lot Size12.00 Acres
Price / SF$295.18
Days on Market174
Property Features for 390 Elm Rd
General Information
Standard status
Active
Size
10,841 SF
Lot size
12.00 Acres
Building Details
Year Built
1981
Listing Agency:
Estes Park Team Realty
Listed By:
Gerald D Mayo
(970) 586-3838
Source:
Thestrohmangroup
Added: Apr 24
Changed: Oct 1
Last Checked: Oct 11 at 1:21PM
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 Estes Park Team Realty
Investment Insights
Based on property information with market context.
This 12-acre mixed-use property contains seven separate units in a combination of homes, apartments, duplexes, cabins, garages, storage areas, and commercial buildings. The improvements date to 1981, and several buildings have been remodeled. The buildings were also painted last summer.
Located in Estes Park, Colorado, the property sits in a mountain setting with sloped terrain and access provided by private roads and a dirt road. All leases are structured on a month-to-month basis, providing a consistent leasing arrangement across the existing components while preserving flexibility for future ownership decisions.
Located in Estes Park, Colorado, the property sits in a mountain setting with sloped terrain and access provided by private roads and a dirt road. All leases are structured on a month-to-month basis, providing a consistent leasing arrangement across the existing components while preserving flexibility for future ownership decisions.
Key Highlights
- 12‑acre mixed‑use property in Estes Park, Colorado
- Seven individual units across residential, storage, and commercial buildings
- Unit mix includes homes, apartments, duplexes, cabins, garages, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,180
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,063,600
$2.1M
Cap Rate 7%
$1,474,000
$1.5M
Cap Rate 9%
$1,146,444
$1.1M
Market Conditions
NOI Build-Up for 10,841 SF
Gross rent
$196.4K $18.12/SF
− Vacancy
−$8.8K −$0.82/SF
EGI
$187.6K $17.30/SF
− OpEx
−$84.4K −$7.79/SF
NOI
$103.2K $9.52/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,063,600
Cap Rate 7%
$1,474,000
Cap Rate 9%
$1,146,444
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,180 @ 7.0% cap · market cap 3.22%
Second Best
Mixed Use
$1.23M
$1.07M – $1.43M
NOI $85,834 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$2.91M
$2.55M – $3.39M
NOI $203,693 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 80517, CO
9,720
Population
7,043
Households
1.4
Avg Household Size
55
Median Age
55%
College-Educated
97%
High-School Grad
297.2 sq mi
ZIP Area
33
Density / Sq Mi
$89,659
Median Household Income
$40,919
Median Earnings
$1,451
Median Rent
$670,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A varied building mix includes residential, storage, and commercial components under month-to-month leases.
Where is this mixed-use property located?
The property is located at 390 Elm Rd Estes Park, CO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 12‑acre mixed‑use property in Estes Park, Colorado; Seven individual units across residential, storage, and commercial buildings; Unit mix includes homes, apartments, duplexes, cabins, garages, and storage
