Duplex with Ski Area
For Sale
$900,000
524 Buena Vista Court, Steamboat Springs, CO 80487
A new roof, fresh exterior stain, and elevated deck complement expansive mountain views.
Property Size1,560 SF
Days on Market403
Property Features for 524 Buena Vista Court
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Duplex
Building Details
Building Size
1,560 SF
Year Built
1982
Stories
3
Listing Agency:
The Agency Steamboat Springs
(970) 457-6880
Listed By:
Chris Paoli
Source:
Steamboatmountainrealestate
Added: Jul 1, 2025
Changed: Aug 7
Last Checked: Aug 7 at 2:25AM
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 The Agency Steamboat Springs
Investment Insights
Based on property information with market context.
This duplex property, built in 1982, includes three bedrooms, 2.5 baths, and 1,560 SF of living space. A spacious elevated deck extends the usable outdoor area, while the home’s elevated setting provides broad views toward the Steamboat Ski Area. Recent improvements include a new roof and fresh exterior stain. The property is situated on a cul-de-sac and has no HOA fees.
Trails leading to Rita Valentine Park are within walking distance, while downtown and the Ski Area are minutes away. Steamboat’s free, on-demand yellow line transit also serves the area, providing an additional transportation option. The combination of residential space, outdoor living, views, and access supports use as either a full-time residence or investment property.
Trails leading to Rita Valentine Park are within walking distance, while downtown and the Ski Area are minutes away. Steamboat’s free, on-demand yellow line transit also serves the area, providing an additional transportation option. The combination of residential space, outdoor living, views, and access supports use as either a full-time residence or investment property.
Key Highlights
- Three bedrooms and 2.5 baths in 1,560 SF
- Panoramic views of the Steamboat Ski Area
- Elevated deck expands outdoor living 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
$31,511
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
3.50%
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%
$630,220
$630.2K
Cap Rate 7%
$450,157
$450.2K
Cap Rate 9%
$350,122
$350.1K
Market Conditions
NOI Build-Up for 1,560 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
$47.7K $30.60/SF
− Vacancy
−$2.7K −$1.74/SF
EGI
$45.0K $28.86/SF
− OpEx
−$13.5K −$8.66/SF
NOI
$31.5K $20.20/SF
Area
Routt County, CO
Vacancy
5.70%
Lease Rate
$30.60 /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%
$630,220
Cap Rate 7%
$450,157
Cap Rate 9%
$350,122
Alternative Uses
Best Use
Multifamily LT 5
$450.2K
$393.9K – $525.2K
NOI $31,511 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$414.8K
$362.9K – $483.9K
NOI $29,035 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$623.9K
$545.9K – $727.9K
NOI $43,675 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
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
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 - A new roof, fresh exterior stain, and elevated deck complement expansive mountain views.
Where is this duplex located?
The property is located at 524 Buena Vista Court Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three bedrooms and 2.5 baths in 1,560 SF; Panoramic views of the Steamboat Ski Area; Elevated deck expands outdoor living space
