Updated Four-Bedroom
For Sale
$849,900
570 Straight Creek Drive, Dillon, CO 80435
Multifamily property with an attached garage, backyard, parking, and broad mountain-range views.
Property Size1,923 SF
Days on Market80
Property Features for 570 Straight Creek Drive
General Information
Standard status
Active
Size
1,923 SF
Property subtype
Duplex
Zoning
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Building Size
1,923 SF
Year Built
1977
Buildings
1
Stories
3
Listing Agency:
Re/Max Properties Of The Summit
(970) 668-5300
Listed By:
Moraima Kelley · License #100047940
Source:
Steamboatmountainrealestate
Added: May 20
Changed: Aug 7
Last Checked: Aug 7 at 3:26AM
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 Re/Max Properties Of The Summit
Investment Insights
Based on property information with market context.
Built in 1977, this updated duplex in Dillon Valley offers four bedrooms, a practical two-level layout, and an attached garage. The main floor is arranged around connected living, dining, and kitchen areas, with laundry and pantry space plus a powder room. Large windows provide natural light and views toward the Ten Mile and Gore ranges. Outdoor features include a backyard and on-site parking with room for recreational equipment, including snowmobiles, rafts, and campers. The property is zoned Multi-Family and has no HOA. Its Dillon location provides access to Keystone, Arapahoe Basin, Breckenridge, and Copper Mountain.
Key Highlights
- Updated four‑bedroom duplex in Dillon Valley
- Zoned Multi‑Family with no HOA
- Attached garage, backyard, and ample parking
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
$32,056
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
3.77%
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%
$641,120
$641.1K
Cap Rate 7%
$457,943
$457.9K
Cap Rate 9%
$356,178
$356.2K
Market Conditions
NOI Build-Up for 1,923 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
$48.5K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.8K $23.81/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$32.1K $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%
$641,120
Cap Rate 7%
$457,943
Cap Rate 9%
$356,178
Alternative Uses
Best Use
Multifamily LT 5
$457.9K
$400.7K – $534.3K
NOI $32,056 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$422.9K
$370.0K – $493.4K
NOI $29,602 @ 7.0% cap · market cap 3.48%
Theoretical Best
Warehouse
$38.27M
$33.49M – $44.65M
NOI $2,679,249 @ 7.0% cap · market cap 315.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 80435, CO
8,344
Population
7,778
Households
1.1
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
104.0 sq mi
ZIP Area
80
Density / Sq Mi
$86,023
Median Household Income
$48,554
Median Earnings
$1,539
Median Rent
$882,100
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 - Multifamily property with an attached garage, backyard, parking, and broad mountain-range views.
Where is this duplex located?
The property is located at 570 Straight Creek Drive Dillon, CO.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Updated four‑bedroom duplex in Dillon Valley; Zoned Multi‑Family with no HOA; Attached garage, backyard, and ample parking
