Mixed-Use Apartment Building with
700 Red Table Drive Gypsum, CO 81637
700 Red Table Drive, Gypsum, CO, 81637
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For Sale
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Diversified mixed-use building with individually metered utilities and modern in-unit amenities across 16 total units.
Property Size17,183 SF
Price / SF$372.46
Days on Market51
Property Features for 700 Red Table Drive
General Information
- Standard status
- Active
- Size
- 17,183 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 2024
Listing agency
Goodman Commercial Real Estate
(773) 736-3600
Listed by
Drew Goodman · License #CO FA100053648
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 11:49AM
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 Goodman Commercial Real Estate
Investment Insights
Based on property information with market context.
700 Red Table Drive is a mixed-use property in Gypsum, Colorado that combines residential income with three commercial units. The building totals 16 units: six one-bedroom, one-bath apartments and seven two-bedroom, two-bath apartments. The property is fully fire sprinklered and fire alarmed throughout, with individual gas metering for each unit. The three commercial units are also individually metered for electric, while residential electric is billed back to tenants through a RUBS (Ratio Utility Billing System) on a monthly basis.
Residential units include modern amenities designed for everyday convenience, such as a dedicated office space, in-unit washer and dryer, and generous storage. The unit mix and practical layouts support a tenant experience that’s well-suited to both working professionals and families.
From an ownership and tenant perspective, the structure offers flexibility by pairing workforce-oriented residential apartments with versatile commercial space that can support a range of retail, professional services, or small business uses. For operators, the combination of code-compliant life safety systems and individually metered utilities can help streamline day-to-day operations while maintaining a diversified income base across residential and commercial tenants.
Residential units include modern amenities designed for everyday convenience, such as a dedicated office space, in-unit washer and dryer, and generous storage. The unit mix and practical layouts support a tenant experience that’s well-suited to both working professionals and families.
From an ownership and tenant perspective, the structure offers flexibility by pairing workforce-oriented residential apartments with versatile commercial space that can support a range of retail, professional services, or small business uses. For operators, the combination of code-compliant life safety systems and individually metered utilities can help streamline day-to-day operations while maintaining a diversified income base across residential and commercial tenants.
Key Highlights
- Mixed‑use building built in 2024 with 16 total units: 3 commercial units plus 13 residential apartments
- Residential unit mix includes six 1BD/1BA apartments and seven 2BD/2BA apartments
- Fully fire sprinklered and fire alarmed throughout for safety and code compliance
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $362.9k | $21.12 |
| − Vacancy | −$18.9k | −$1.10 |
| EGI | $344.0k | $20.02 |
| − OpEx | −$103.2k | −$6.01 |
| NOI | $240.8k | $14.02 |
17,183 SF · lease $21.12/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.44M
$3.01M – $4.01M
NOI $240,824 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$3.08M
$2.70M – $3.60M
NOI $215,758 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$4.71M
$4.12M – $5.50M
NOI $329,914 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Diversified mixed-use building with individually metered utilities and modern in-unit amenities across 16 total units.
Where is this apartment building located?
The property is located at 700 Red Table Drive Gypsum, CO.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Mixed‑use building built in 2024 with 16 total units: 3 commercial units plus 13 residential apartments; Residential unit mix includes six 1BD/1BA apartments and seven 2BD/2BA apartments; Fully fire sprinklered and fire alarmed throughout for safety and code compliance
