Corner Office Building with 16
For Sale
$3,240,000
401 Lincoln Ave, Steamboat Springs, CO 80487
Corner office building zoned Old Town Commercial, currently configured as 16 suites with short-term leases.
Property Size6,334 SF
Lot Size0.32 Acres
Price / SF$511.53
Days on Market43
Property Features for 401 Lincoln Ave
General Information
Standard status
Active
Size
6,334 SF
Lot size
0.32 Acres
Zoning
Old Town Commercial
Additional Details
Road Access
Yes
Office Units
16
Building Details
Buildings
1
Building Size
6,334 SF
Tenancy
Multi
Listing Agency:
Steamboat Sotheby's International Realty
(970) 846-4292
Listed By:
James Howser
(970) 846-4292
Source:
Exprealty
Added: Jun 19
Changed: Jul 31
Last Checked: Jul 31 at 5:37AM
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 Steamboat Sotheby's International Realty
Investment Insights
Based on property information with market context.
Corner office building at the entry to Old Town Steamboat Springs, located on the corner of Lincoln and 4th Street. The building is 6, 334 sq.ft. and is configured as 16 suites with short term leases.
The property sits on a total site size of 0.32 acres, including all parking spaces on the north side of the building and several spaces on the west side behind the building. Zoning is Old Town Commercial, providing multiple use possibilities for office users, retail businesses, investors, and redevelopers.
Suites make the building practical for tenant needs that benefit from smaller spaces, and the existing short-term lease setup can support flexible occupancy planning.
The property sits on a total site size of 0.32 acres, including all parking spaces on the north side of the building and several spaces on the west side behind the building. Zoning is Old Town Commercial, providing multiple use possibilities for office users, retail businesses, investors, and redevelopers.
Suites make the building practical for tenant needs that benefit from smaller spaces, and the existing short-term lease setup can support flexible occupancy planning.
Key Highlights
- 16 suites currently with short term leases
- Old Town Commercial zoning with multiple use possibilities
- 0.32‑acre site includes north‑side parking plus west‑side spaces
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.0k | $24.00 |
| − Vacancy | −$10.6k | −$1.68 |
| EGI | $141.4k | $22.32 |
| − OpEx | −$35.3k | −$5.58 |
| NOI | $106.0k | $16.74 |
6,334 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.33M – $1.77M
NOI $106,031 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.53M
$2.22M – $2.96M
NOI $177,333 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 80487, CO
18,209
Population
13,231
Households
1.4
Avg Household Size
42
Median Age
57%
College-Educated
97%
High-School Grad
795.8 sq mi
ZIP Area
23
Density / Sq Mi
$106,837
Median Household Income
$50,551
Median Earnings
$1,927
Median Rent
$915,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Corner office building zoned Old Town Commercial, currently configured as 16 suites with short-term leases.
Where is this office units located?
The property is located at 401 Lincoln Ave Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $3,240,000.
What are key features of this property?
This property features: 16 suites currently with short term leases; Old Town Commercial zoning with multiple use possibilities; 0.32‑acre site includes north‑side parking plus west‑side spaces
