Commercial Garage Space For
For Sale
$410,000
770 Lindbergh Drive #108, Gypsum, CO 81637
Versatile commercial garage space with high ceilings and large door.
Property Size1,439 SF
Lot Size0.10 Acres
Price / SF$284.92
Days on Market150
Property Features for 770 Lindbergh Drive #108
General Information
Standard status
Active
Size
1,439 SF
Lot size
0.10 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,033
Amenities
Metal Roof
Forced Air Heating
Natural Gas Heating
Unassigned
Building Details
Year Built
1998
Listing Agency:
LIV SOTHEBY'S INT. REALTY- VAIL BRIDGE STREET
(970) 470-6214
Listed By:
COREY LAMOTHE · License #FA40040135
Source:
Corcoran
Added: Mar 25
Changed: Aug 20
Last Checked: Aug 21 at 7:26AM
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 LIV SOTHEBY'S INT. REALTY- VAIL BRIDGE STREET
Investment Insights
Based on property information with market context.
This commercial garage space features a 14-foot overhead door, accommodating entry for large vehicles or equipment. The interior provides an 18-foot ceiling height, suitable for storage, lifts, or various workspace configurations. The property is equipped with 220V power and heat, allowing for year-round functionality. The interior is customizable to meet specific needs. The property size is 1439 square feet.
Key Highlights
- 14' overhead door allows entry for large vehicles, including motor coaches and RVs
- 18' ceiling height provides ample vertical clearance
- Equipped with 220V power and heat for year‑round functionality
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
$20,168
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
4.92%
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%
$403,360
$403.4K
Cap Rate 7%
$288,114
$288.1K
Cap Rate 9%
$224,089
$224.1K
Market Conditions
NOI Build-Up for 1,439 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
$30.4K $21.12/SF
− Vacancy
−$1.6K −$1.10/SF
EGI
$28.8K $20.02/SF
− OpEx
−$8.6K −$6.01/SF
NOI
$20.2K $14.02/SF
Area
Eagle County, CO
Vacancy
5.20%
Lease Rate
$21.12 /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%
$403,360
Cap Rate 7%
$288,114
Cap Rate 9%
$224,089
Alternative Uses
Best Use
Retail
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 4.92%
Second Best
Industrial
$127.1K
$111.3K – $148.3K
NOI $8,900 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$394.7K
$345.4K – $460.5K
NOI $27,629 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Western Slope Towing — 2412 US-6, Gypsum, CO 81637
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile commercial garage space with high ceilings and large door.
Where is this auto shop located?
The property is located at 770 Lindbergh Drive #108 Gypsum, CO.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 14' overhead door allows entry for large vehicles, including motor coaches and RVs; 18' ceiling height provides ample vertical clearance; Equipped with 220V power and heat for year‑round functionality
