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    Mountain-Modern Multi-Family Home Title is generated by Realmo AI

    452 Teller Alley, Frisco, CO 80443

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    Claim this Listing
    New
    For Sale
    $2,774,000

    MULTI_FAMILY - FRISCO, CO

    Property size:
    2,374 SF
    Price / SF:
    $1,168/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 452 Teller Alley

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 3
    Pets allowed
    Yes
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Microwave, Bar Fridge, Range Gas, Range Hood, Refrigerator
    Standard status
    Active
    APN
    ND0626002
    Size
    2,374 SF

    Taxes and HOA fees

    Tax Year
    2026

    Utilities

    Heating system
    Central, Natural Gas, Oil

    Building Details

    Year built
    2025
    Flooring type
    Tile, Carpet - Full
    Roof type
    Metal, Shingle

    We can help!

    Listing Contact
    Eric Klein
    Eric Klein

    Listing agent Eric Klein License #FA40028087

    Listing office Slifer Smith & Frampton R.E. 400 Main St, Ste E & F, Breckenridge, CO

    Listing date Jun 4, 2026

    MLS# S1069390

    Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction built in 2025 and currently under construction
    • Estimated completion early fall 2026
    • Mountain modern design with indoor‑outdoor living via expansive glass opening to an elevated deck
    • Top‑floor lounge includes a wet bar and direct access to a private deck pre‑wired for a hot tub
    • Central heating with natural gas and oil
    • Includes fireplace, plus appliances: dishwasher, disposal, microwave, range gas, range hood, and refrigerator

    Overview

    Teller Landing is a mountain-modern new construction multi-family residence featuring designer-level finishes and a flexible interior layout. The home includes a spacious great room with natural light and accommodates up to five sleeping areas through adaptable room configurations that can work as additional bedrooms, a secondary living space, a home office, or a combination. Distinctive finishes are carried throughout, including walnut windows, trim, and cabinetry, along with Cambria Luxury Collection countertops and curated porcelain and natural stone selections. Indoor and outdoor living connect through expansive glass opening to a generous elevated deck with mountain views. The top-floor lounge includes a wet bar and direct access to a private deck that is pre-wired for a hot tub.

    The property is described as being in the heart of Frisco, just steps from Main Street and within walking distance of the Frisco Bay Marina. It also provides easy access to Frisco’s downtown area, recreation paths, marina, and transit network, with nearby access to Breckenridge, Copper Mountain, and Keystone. Estimated completion is early fall 2026.

    This offering is well suited for buyers seeking new construction in Frisco with a layout designed for multiple living and sleeping configurations, plus outdoor space oriented toward mountain views. The presence of multiple living areas and the wet bar support flexible day-to-day use and hosting.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Frisco
    County
    Summit
    State
    Colorado
    Longitude
    -106.096707
    Latitude
    39.574239

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    FAQs

    What type of property is this?
    Single family property - New construction multi-family residence with flexible living space and elevated deck for indoor-outdoor entertaining.
    Where is this single family property located?
    The property is located at 452 Teller Alley Frisco, CO.
    What is the asking price?
    The asking price for this property is $2,774,000.
    What are key features of this property?
    This property features: New construction built in 2025 and currently under construction; Estimated completion early fall 2026; Mountain modern design with indoor‑outdoor living via expansive glass opening to an elevated deck
    (970) 343-9573
    We can help!
    Listing Contact
    Eric Klein
    Eric Klein
    Real Estate License ID: FA40028087
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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