Versatile Flex Garage
770 Lindbergh Drive #601 Gypsum, CO 81637
770 Lindbergh Drive #601, Gypsum, CO, 81637
$495,000
For Sale
$495,000
Immaculate flex garage suite with high ceilings, air-conditioning, 220V power, heat, and a private bathroom.
Property Size1,293 SF
Price / SF$382.83
Days on Market8
Property Features for 770 Lindbergh Drive #601
General Information
- Standard status
- Active
- Size
- 1,293 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing Agency
SLIFER SMITH & FRAMPTON- LIONSHEAD
(970) 479-0245
Listed by
MOLLY GRIFFIN
Source
Corcoran
Added: Jul 10 Checked: Jul 16 at 6:59 am
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 SLIFER SMITH & FRAMPTON- LIONSHEAD
Investment Insights
Based on property information with market context.
This immaculate flex garage suite is built with high ceilings and includes air-conditioning, 220V power, and heat. The space also features a private bathroom and lofted space, with a configuration that can accommodate a variety of uses.
Parking is provided with two spaces at the garage door and two spaces at the front door and windows. The layout includes the option to create a retail presence with the garage behind by adding a wall below the loft.
The unit’s existing improvements support immediate customization, while the lofted area and garage setup provide flexibility for a tailored build-out based on the end use.
Parking is provided with two spaces at the garage door and two spaces at the front door and windows. The layout includes the option to create a retail presence with the garage behind by adding a wall below the loft.
The unit’s existing improvements support immediate customization, while the lofted area and garage setup provide flexibility for a tailored build-out based on the end use.
Key Highlights
- Flex garage suite built in 2006 with high ceilings and lofted space
- Air‑conditioning plus heat for year‑round comfort
- 220V power and heat included
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 | $27.3k | $21.12 |
| − Vacancy | −$1.4k | −$1.10 |
| EGI | $25.9k | $20.02 |
| − OpEx | −$7.8k | −$6.01 |
| NOI | $18.1k | $14.02 |
1,293 SF · lease $21.12/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$258.9K
$226.5K – $302.0K
NOI $18,122 @ 7.0% cap · market cap 3.66%
Second Best
Flex RnD
$199.9K
$174.9K – $233.2K
NOI $13,993 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$354.7K
$310.3K – $413.8K
NOI $24,826 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Immaculate flex garage suite with high ceilings, air-conditioning, 220V power, heat, and a private bathroom.
Where is this flex space located?
The property is located at 770 Lindbergh Drive #601 Gypsum, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Flex garage suite built in 2006 with high ceilings and lofted space; Air‑conditioning plus heat for year‑round comfort; 220V power and heat included
