Multifamily Property with Lake
For Sale
$1,295,000
61 Bashore Court, Silverthorne, CO 80498
Well-maintained mountain residence with expansive glazing, private outdoor areas, and direct access to open space and trails.
Property Size2,396 SF
Price / SF$540.48
Days on Market34
Property Features for 61 Bashore Court
General Information
Standard status
Active
Size
2,396 SF
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Amenities
deck
hiking trails
internet/wifi
snowplowing
trash removal
Building Details
Year Built
1997
Listing Agency:
RE/MAX Properties of the Summit
(970) 485-1799
Listed By:
Jonathan Whinston · License #045115
Source:
Thesmitsteam
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 29 at 6:20AM
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.
This 2,396 SF multifamily property, built in 1997, features expansive windows, custom kitchen counters, solid wood cabinetry, and custom bathroom vanities. Bedrooms include walk-in closets, while additional storage is located throughout the residence. Decks serve both the main level and lower-level walkout, which opens toward the surrounding woods. A newer boiler, 2024 roof replacement, and 2025 exterior paint provide recent updates. Nest thermostats with Wi-Fi connectivity are installed on each level, and a radon mitigation system is in place.
Located at 61 Bashore Court in Silverthorne, the property overlooks Lake Dillon and the Continental Divide. It adjoins Summit County Open Space and offers access to hiking trails, with Summit Stage service nearby. HOA-covered services include snowplowing, trash removal, internet/Wi-Fi, and insurance for common areas.
Located at 61 Bashore Court in Silverthorne, the property overlooks Lake Dillon and the Continental Divide. It adjoins Summit County Open Space and offers access to hiking trails, with Summit Stage service nearby. HOA-covered services include snowplowing, trash removal, internet/Wi-Fi, and insurance for common areas.
Key Highlights
- 2,396 SF multifamily property built in 1997
- Views of Lake Dillon and the Continental Divide
- Backs to Summit County Open Space with hiking trails nearby
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
$36,884
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%
$737,680
$737.7K
Cap Rate 7%
$526,914
$526.9K
Cap Rate 9%
$409,822
$409.8K
Market Conditions
NOI Build-Up for 2,396 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
$70.4K $29.40/SF
− Vacancy
−$3.4K −$1.41/SF
EGI
$67.1K $27.99/SF
− OpEx
−$30.2K −$12.59/SF
NOI
$36.9K $15.39/SF
Area
Summit County, CO
Vacancy
4.80%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$737,680
Cap Rate 7%
$526,914
Cap Rate 9%
$409,822
Alternative Uses
Best Use
Apartment 5plus
$526.9K
$461.1K – $614.7K
NOI $36,884 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$47.69M
$41.73M – $55.64M
NOI $3,338,263 @ 7.0% cap · market cap 257.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
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?
Multifamily property - Well-maintained mountain residence with expansive glazing, private outdoor areas, and direct access to open space and trails.
Where is this multifamily property located?
The property is located at 61 Bashore Court Silverthorne, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 2,396 SF multifamily property built in 1997; Views of Lake Dillon and the Continental Divide; Backs to Summit County Open Space with hiking trails nearby
