Mixed-Use Property with Garage
For Sale
$4,200,000
515 Red Table Drive, Gypsum, CO 81637
Commercial Sale, Gypsum, CO
Property Size10,500 SF
Lot Size0.70 Acres
Price / SF$400
Days on Market47
Property Features for 515 Red Table Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERcIAL
Parking
3
Parking features
Parking Lot
Subdivision
Eagle
Standard status
Active
APN
2111-054-15-001
Size
10,500 SF
Lot size
0.70 Acres
Additional Details
Mixed-Use Components
retail, warehouse, residential, office, storage
Property Use
Mixed Use
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: Red Table Comm Cntr Pud Fil 1 Lot: 3 Bk-0728 Pg-0070 Map 05-30-97 Bk-0729 Pg-0812 Eas 06-18-97 704933 Dec 08-09-99 737975 Dec 08-30-00
Tax Annual Amount
20842
Legal Description
Subdivision: Red Table Comm Cntr Pud Fil 1 Lot: 3 Bk-0728 Pg-0070 Map 05-30-97 Bk-0729 Pg-0812 Eas 06-18-97 704933 Dec 08-09-99 737975 Dec 08-30-00
Utilities
Utilities
Cable Available
Heating system
Radiant Floor, Radiant
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
1
Building materials
Frame, Concrete, Stucco
Roof type
Tar/Gravel
Buildings
1
Listing Agency:
Slifer Smith & Frampton - Hyatt
(970) 845-9400
Listed By:
Dana A Correia · License #FA40042356
(970) 390-3141
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 31 at 11:06PM
MLS# 1015165
Copyright © 2026 Vail Board of 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 10,500-square-foot mixed-use property includes a renovated front showroom and storefront, three garage bays with overhead doors approximately 14 feet 6 inches high, three residential apartments, an office, and storage. Built in 2001, the building sits on a 0.7-acre parcel and has a parking lot with 32 spaces.
The property is at the end of a cul-de-sac with a direct connection to Cooley Mesa Road. Costco, Eagle County Airport, and the Eagle business district are approximately seven minutes away. Public water and cable availability are noted, and the building has radiant heating.
The property is at the end of a cul-de-sac with a direct connection to Cooley Mesa Road. Costco, Eagle County Airport, and the Eagle business district are approximately seven minutes away. Public water and cable availability are noted, and the building has radiant heating.
Key Highlights
- 10,500 square feet on a 0.7‑acre parcel
- Renovated front showroom and storefront
- Three garage bays with approximately 14'6" overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,160
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,943,200
$2.9M
Cap Rate 7%
$2,102,286
$2.1M
Cap Rate 9%
$1,635,111
$1.6M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$221.8K $21.12/SF
− Vacancy
−$11.5K −$1.10/SF
EGI
$210.2K $20.02/SF
− OpEx
−$63.1K −$6.01/SF
NOI
$147.2K $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%
$2,943,200
Cap Rate 7%
$2,102,286
Cap Rate 9%
$1,635,111
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $147,160 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$1.88M
$1.65M – $2.20M
NOI $131,843 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,600 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
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Business Placement
Demographics for 81637, CO
9,845
Population
3,291
Households
3
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
787.3 sq mi
ZIP Area
13
Density / Sq Mi
$108,556
Median Household Income
$47,262
Median Earnings
$2,162
Median Rent
$549,800
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated showroom, three apartments, office space, and storage share a single commercial property.
Where is this mixed-use property located?
The property is located at 515 Red Table Drive Gypsum, CO.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 10,500 square feet on a 0.7‑acre parcel; Renovated front showroom and storefront; Three garage bays with approximately 14'6" overhead doors
