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Ground-Floor Retail Space
New
For Lease
$35 SF/Yr CAM $10 /USD/SF/YR

5 Tree Farm Dr Unit 2, Basalt, CO 81621

Shell-condition commercial space offers buildout flexibility with plumbing, electrical, and mechanical rough-ins.

Space Size2,002 SF
Days on Market1

Property Features for 5 Tree Farm Dr Unit 2

General Information

Standard status Active
Size 2,002 SF
Net Rentable 2,002 SF
Property subtype Commercial
Lease Type NNN

Space & Availability

Available Space 2,002 SF
Contiguous Space 2,002 SF
Floor Ground
Space Use Office
Condition Shell
Sublease No

Lease Terms

Lease Rate $35 /USD/SF/YR
Monthly Rent $5,839
Rent per SF/Year $35
CAM $10 /USD/SF/YR

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Building Details

Tenancy Multi
Listing Agency: COMPASS
Listed By: Mike Mercatoris · License #FA100074443
Source: Elliman
Added: Sep 10 Last Checked: Sep 10 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 COMPASS

Investment Insights

Based on property information with market context.

This 2,002 SF ground-floor retail space at Tree Farm Lofts offers a shell-condition interior prepared for tenant improvements, with rough-in plumbing, electrical, and mechanical stubs already in place. Mixed-use commercial zoning supports retail, office, medical, fitness, wellness, and professional service uses. The property includes on-site parking and access to shared community parking.

The space fronts Highway 82 with direct pedestrian and vehicle access and sits across the highway from Willits Town Center, where Whole Foods, Element Hotel, and The Steadman Clinic are located. An RFTA Express Bus Stop is nearby, with a pedestrian underpass connecting to the town center. Tree Farm Lofts includes 196 residential units and a 122-room Hilton Tapestry Collection Hotel, while the Kodiak Club and Residences is scheduled to deliver units in 2026.

Key Highlights

  • 2,002 SF ground‑floor retail space
  • Shell condition with rough‑in plumbing, electrical, and mechanical stubs
  • Mixed‑use commercial zoning supports retail, office, medical, fitness, wellness, and professional services

Property Analytics

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Current Use

Retail space

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 81621, CO

6,034
Population
3,145
Households
1.9
Avg Household Size
41
Median Age
59%
College-Educated
96%
High-School Grad
258.7 sq mi
ZIP Area
23
Density / Sq Mi
$103,721
Median Household Income
$58,008
Median Earnings
$2,220
Median Rent
$1,138,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Basalt, CO

$32.25 /SF/Yr
Avg Asking Price
$24–$35 /SF/Yr
Price Range

This space is priced 9% above the average of $32.25 /SF/Yr.

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Shell-condition commercial space offers buildout flexibility with plumbing, electrical, and mechanical rough-ins.
Where is this retail space located?
The property is located at 5 Tree Farm Dr Unit 2 Basalt, CO.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: 2,002 SF ground‑floor retail space; Shell condition with rough‑in plumbing, electrical, and mechanical stubs; Mixed‑use commercial zoning supports retail, office, medical, fitness, wellness, and professional services
More about this property
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