Ground-Floor Medical Office
For Sale
Contact for pricing
505 Anglers Drive, Steamboat Springs, CO 80487
Commercial, Steamboat Springs, CO
Property Size2,125 SF
Lot Size0.11 Acres
Price / SF$3.77
Days on Market143
Property Features for 505 Anglers Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
FISH CREEK
Standard status
Active
APN
R8166423
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10295
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2000
Roof type
Asphalt
Listing Agency:
The Agency Steamboat Springs
(970) 457-6880
Listed By:
Christopher Sias
(970) 819-5543
Added: Jun 15
Changed: Oct 16
Last Checked: Nov 4 at 3:06PM
MLS# S1069693
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.
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Investment Insights
Based on property information with market context.
This ground-floor medical office suite provides approximately 2,125 square feet of adaptable space within a building completed in 2000. The layout includes a reception and waiting area, multiple enclosed rooms, dedicated work areas, two restrooms, storage, and additional support space. A specialized X-ray room remains in place, supporting continued medical use while allowing flexibility for other professional applications. Front and rear entrances provide separate access points, and the property is served by forced-air heating, central air, and an asphalt roof.
The suite is located at 505 Anglers Drive in Steamboat Springs, adjacent to Fish Creek and near Central Park Plaza and Sundance Plaza. HOA services include water, sewer, trash, recycling, snow removal, and maintenance of the exterior and common areas. Gas, electric, internet, and tenant insurance are handled separately.
The suite is located at 505 Anglers Drive in Steamboat Springs, adjacent to Fish Creek and near Central Park Plaza and Sundance Plaza. HOA services include water, sewer, trash, recycling, snow removal, and maintenance of the exterior and common areas. Gas, electric, internet, and tenant insurance are handled separately.
Key Highlights
- Approximately 2,125 SF ground‑floor medical office suite
- Reception area, waiting room, private rooms, work areas, storage, and two restrooms
- Existing X‑ray room supports the suite’s former medical configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,015
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,300
$640.3K
Cap Rate 7%
$457,357
$457.4K
Cap Rate 9%
$355,722
$355.7K
Market Conditions
NOI Build-Up for 2,125 SF
Gross rent
$57.4K $27.00/SF
− Vacancy
−$4.0K −$1.89/SF
EGI
$53.4K $25.11/SF
− OpEx
−$21.3K −$10.04/SF
NOI
$32.0K $15.07/SF
Area
Routt County, CO
Vacancy
7.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,300
Cap Rate 7%
$457,357
Cap Rate 9%
$355,722
Alternative Uses
Best Use
Office B
$508.2K
$444.7K – $592.9K
NOI $35,573 @ 7.0% cap · market cap 443.66%
Second Best
Healthcare Medical
$457.4K
$400.2K – $533.6K
NOI $32,015 @ 7.0% cap · market cap 399.29%
Theoretical Best
Warehouse
$849.9K
$743.7K – $991.6K
NOI $59,494 @ 7.0% cap · market cap 742.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Well-served
Demand for This Use
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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 Office in West region
Similar Off Market Nearby
- Mountain Peaks Veterinary Clinic — 690 Marketplace Plaza b3, Steamboat Springs, CO 80487
- Colfer Susan DVM — 102 Anglers Dr, Steamboat Springs, CO 80487
- Pet Kare Clinic — 102 Anglers Dr, Steamboat Springs, CO 80487
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional suite with private rooms, reception space, support areas, and dual entrances.
Where is this medical office space located?
The property is located at 505 Anglers Drive Steamboat Springs, CO.
What are key features of this property?
This property features: Approximately 2,125 SF ground‑floor medical office suite; Reception area, waiting room, private rooms, work areas, storage, and two restrooms; Existing X‑ray room supports the suite’s former medical configuration
