Three-Unit Mixed-Use
New
For Sale
$6,700,000
442 Lincoln Avenue # A B C, Steamboat Springs, CO 80487
Three commercial condominium units combine leased office space with additional areas described for retail, restaurant, or office use.
Property Size10,833 SF
Price / SF$618.48
Days on Market4
Property Features for 442 Lincoln Avenue # A B C
General Information
Standard status
Active
Size
10,833 SF
Property subtype
CommercialSale
Zoning
Commercial
Additional Details
Office Units
3
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$42,205
Amenities
parking
Yes
No
Plans
CornerLot,NearPublicTransit
Public
0.16
PublicRecords
AttachedCarport,Assigned,OffStreet,TwoSpaces
Paved
10833.0
PublicMaintainedRoad
Building Details
Building Size
10,833 SF
Year Built
2004
Buildings
1
Tenancy
Multi
Listing Agency:
(970) 401-6549
Listed By:
Jenna Luberto
Source:
Coloradocraftbrokers
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:33AM
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 Jenna Luberto
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Investment Insights
Based on property information with market context.
This mixed-use property consists of three commercial condominium units totaling 10,833 square feet, including 8,401 square feet of finished area. Unit B contains 2,592 square feet and is leased to Brunk Industries under a NNN arrangement. Units A and C include a bike repair shop and Ski & Bike Kare, respectively; Unit C also has a 2,432-square-foot basement. The spaces are described as adaptable for retail, restaurant, or office use.
At 442 Lincoln Avenue in downtown Steamboat Springs, the property is across from the Routt County Offices and one block from the Yampa River, Core Trail, and Howelsen Hill. The building was constructed in 2004 and is zoned Commercial.
At 442 Lincoln Avenue in downtown Steamboat Springs, the property is across from the Routt County Offices and one block from the Yampa River, Core Trail, and Howelsen Hill. The building was constructed in 2004 and is zoned Commercial.
Key Highlights
- Three commercial condominium units
- 10,833 square feet total, including 8,401 square feet finished
- Unit B: 2,592 square feet, leased to Brunk Industries on a NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,932
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,818,640
$3.8M
Cap Rate 7%
$2,727,600
$2.7M
Cap Rate 9%
$2,121,467
$2.1M
Market Conditions
NOI Build-Up for 10,833 SF
Gross rent
$325.0K $30.00/SF
− Vacancy
−$19.5K −$1.80/SF
EGI
$305.5K $28.20/SF
− OpEx
−$114.6K −$10.58/SF
NOI
$190.9K $17.63/SF
Area
Routt County, CO
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,818,640
Cap Rate 7%
$2,727,600
Cap Rate 9%
$2,121,467
Alternative Uses
Best Use
Mixed Use
$2.73M
$2.39M – $3.18M
NOI $190,932 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$2.63M
$2.30M – $3.07M
NOI $184,269 @ 7.0% cap · market cap 2.75%
Theoretical Best
Warehouse
$4.33M
$3.79M – $5.05M
NOI $303,291 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial condominium units combine leased office space with additional areas described for retail, restaurant, or office use.
Where is this mixed-use property located?
The property is located at 442 Lincoln Avenue # A B C Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: Three commercial condominium units; 10,833 square feet total, including 8,401 square feet finished; Unit B: 2,592 square feet, leased to Brunk Industries on a NNN lease
