Ground-Floor Retail
For Sale
Contact for pricing
5 Tree Farm Drive #1, Basalt, CO 81621
Divisible commercial space sits within a residential community alongside shops, offices, and a hotel.
Property Size1,876 SF
Price / SF$0.02
Days on Market124
Property Features for 5 Tree Farm Drive #1
General Information
Standard status
Active
Size
1,876 SF
Property subtype
Leasehold
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
Ground Floor
Property Use
Office
Listing Agency:
Compass Aspen
(970) 925-6063
Listed By:
Alex Margulies · License #FA100099491
(201) 264-9104
Source:
Christiesaspenre
Added: Jun 30
Changed: Oct 31
Last Checked: Oct 31 at 3:12AM
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 Aspen
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Investment Insights
Based on property information with market context.
This 1,876-square-foot commercial suite occupies the ground floor and can be divided. It is part of Tree Farm Lofts, a residential community with 196 units, and shares the development with shops, offices, and a 122-room Hilton Tapestry Collection hotel. Retail, office, medical, fitness, wellness, and professional services are identified as potential uses.
Highway 82 is nearby, with Willits Town Center across the highway; its listed destinations include Whole Foods, Element Hotel, and The Steadman Clinic. An RFTA Express Bus stop is a short walk away, and a pedestrian underpass connects to Willits Town Center.
Highway 82 is nearby, with Willits Town Center across the highway; its listed destinations include Whole Foods, Element Hotel, and The Steadman Clinic. An RFTA Express Bus stop is a short walk away, and a pedestrian underpass connects to Willits Town Center.
Key Highlights
- 1,876‑square‑foot ground‑floor suite with a divisible layout
- Located within Tree Farm Lofts, a 196‑unit residential community
- Development includes shops, offices, and a 122‑room Hilton Tapestry Collection hotel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,293
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,860
$525.9K
Cap Rate 7%
$375,614
$375.6K
Cap Rate 9%
$292,144
$292.1K
Market Conditions
NOI Build-Up for 1,876 SF
Gross rent
$39.6K $21.12/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$37.6K $20.02/SF
− OpEx
−$11.3K −$6.01/SF
NOI
$26.3K $14.02/SF
Area
Eagle County, CO
Vacancy
5.20%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,860
Cap Rate 7%
$375,614
Cap Rate 9%
$292,144
Alternative Uses
Best Use
Retail
$375.6K
$328.7K – $438.2K
NOI $26,293 @ 7.0% cap · market cap 75,122.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.2K – $600.3K
NOI $36,019 @ 7.0% cap · market cap 102,911.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Divisible commercial space sits within a residential community alongside shops, offices, and a hotel.
Where is this retail space located?
The property is located at 5 Tree Farm Drive #1 Basalt, CO.
What are key features of this property?
This property features: 1,876‑square‑foot ground‑floor suite with a divisible layout; Located within Tree Farm Lofts, a 196‑unit residential community; Development includes shops, offices, and a 122‑room Hilton Tapestry Collection hotel
