Building Details

Year Built 2003

Buildings 1

Tenancy Multi

Listing Agency: CENTURY 21 TOP DOG PROPERTIES Show Phone

Listed By: EMANUEL PILAS

Source: Corcoran

Added: Sep 16 Changed: Nov 2 Last Checked: Nov 4 at 1:07PM

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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 CENTURY 21 TOP DOG PROPERTIES

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Investment Insights

Based on property information with market context.

Built in 2003, this mixed-use commercial building contains four separate units identified as A through D. Unit A combines a 3490-square-foot furniture retail area with a 1710-square-foot loft. Unit B offers 980 square feet and is currently leased for use as a med spa. Unit C spans 3000 square feet as a carniceria and restaurant, while Unit D provides 5700 square feet for Nueva Vida church operations.

The property is positioned on a corner lot at 525 McGregor Drive in Gypsum, near Costco and Eagle Valley Regional Airport. The existing four-unit configuration supports a mix of retail, service, restaurant, and institutional occupancy. The stated cap rate is 3%.

Key Highlights

• Four commercial units identified as A through D
• Unit A includes a 3490‑square‑foot furniture retail area and 1710‑square‑foot loft
• Unit B contains 980 square feet and is currently leased as a med spa

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$184,370

Cap Rate

4.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,687,400 $3.7M

Cap Rate 7%

$2,633,857 $2.6M

Cap Rate 9%

$2,048,556 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,278 SF

Gross rent

$259.3K $21.12/SF

− Vacancy

−$13.5K −$1.10/SF

EGI

$245.8K $20.02/SF

− OpEx

−$61.5K −$5.01/SF

NOI

$184.4K $15.02/SF

Area

Eagle County, CO

Vacancy

5.20%

Lease Rate

$21.12 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,687,400

Cap Rate 7%

$2,633,857

Cap Rate 9%

$2,048,556

Alternative Uses

Best Use

Specialty Retail

$2.63M

$2.30M – $3.07M (±1% cap)

NOI $184,370 @ 7.0% cap · market cap 4.61%

Second Best

Retail

$2.46M

$2.15M – $2.87M (±1% cap)

NOI $172,079 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$3.37M

$2.95M – $3.93M (±1% cap)

NOI $235,738 @ 7.0% cap · market cap 5.89%

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

Retail space

Suggested Use

Top Pick HVAC Service Plumbing Service Electrical Service Catering Service (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner-lot commercial property near Costco and Eagle Valley Regional Airport.

Where is this mixed-use property located?

The property is located at 525 McGregor Drive Gypsum, CO.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: Four commercial units identified as A through D; Unit A includes a 3490‑square‑foot furniture retail area and 1710‑square‑foot loft; Unit B contains 980 square feet and is currently leased as a med spa