Duplex Home with Mountain
For Sale
$1,475,000
511 Ryan Gulch Road, Silverthorne, CO 80498
Five-bedroom residence with two living areas, resort-area bus service, and no HOA.
Property Size2,524 SF
Days on Market199
Property Features for 511 Ryan Gulch Road
General Information
Standard status
Active
Size
2,524 SF
Property subtype
Duplex
Zoning
Duplex
Units
Unit Mix
5BR/4BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
hot tub
Building Details
Building Size
2,524 SF
Year Built
2007
Stories
3
Listing Agency:
Deborah Hurt Shoop Broker
(970) 393-0321
Listed By:
Deborah Shoop
Source:
Steamboatmountainrealestate
Added: Jan 24
Changed: Aug 9
Last Checked: Aug 10 at 11:53AM
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 Deborah Hurt Shoop Broker
Investment Insights
Based on property information with market context.
Built in 2007, this duplex property offers a five-bedroom, four-bath layout with two living areas and mountain-inspired interior finishes. Granite countertops, wood and tile flooring, and detailed tilework are complemented by a bunk room with a lower-level entertainment area. The dining setup accommodates 12 adults, while a deck and hot tub take in views of Keystone and the Williams Fork Range. A newer boiler and appliances are also in place.
Located at 511 Ryan Gulch Road in Wildernest, the property has bus service to the resort communities, on-site parking, and no HOA. The home has a rental history and is subject to a current wait-list for short-term rental licenses in the Summit County Lower Blue Basin.
Located at 511 Ryan Gulch Road in Wildernest, the property has bus service to the resort communities, on-site parking, and no HOA. The home has a rental history and is subject to a current wait-list for short-term rental licenses in the Summit County Lower Blue Basin.
Key Highlights
- Duplex zoning with a five‑bedroom, four‑bath layout
- Built in 2007 with newer boiler and appliances
- Two living areas plus a bunk room and lower‑level entertainment space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,075
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$841,500
$841.5K
Cap Rate 7%
$601,071
$601.1K
Cap Rate 9%
$467,500
$467.5K
Market Conditions
NOI Build-Up for 2,524 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.6K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.1K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.1K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$841,500
Cap Rate 7%
$601,071
Cap Rate 9%
$467,500
Alternative Uses
Best Use
Multifamily LT 5
$601.1K
$525.9K – $701.3K
NOI $42,075 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$555.1K
$485.7K – $647.6K
NOI $38,854 @ 7.0% cap · market cap 2.63%
Theoretical Best
Warehouse
$50.24M
$43.96M – $58.61M
NOI $3,516,601 @ 7.0% cap · market cap 238.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80498, CO
8,405
Population
6,931
Households
1.2
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
294.8 sq mi
ZIP Area
29
Density / Sq Mi
$105,227
Median Household Income
$49,636
Median Earnings
$1,738
Median Rent
$721,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Five-bedroom residence with two living areas, resort-area bus service, and no HOA.
Where is this duplex located?
The property is located at 511 Ryan Gulch Road Silverthorne, CO.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Duplex zoning with a five‑bedroom, four‑bath layout; Built in 2007 with newer boiler and appliances; Two living areas plus a bunk room and lower‑level entertainment space
