Duplex Home with South-Facing
For Sale
$1,195,000
82 Lynx Circle, Gypsum, CO 81637
Residential, Gypsum, CO
Property Size3,245 SF
Lot Size0.05 Acres
Price / SF$368.26
Days on Market91
Property Features for 82 Lynx Circle
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
multi-family
Bedrooms
3
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Game Room, Bathroom 4, Bathroom 3
Parking features
Garage
Interior features
Fireplace - Gas, Multi-Level, Vaulted Ceiling(s), Wired for Cable
Fireplace
1
Basement
Finished
Appliances
Built-In Gas Oven, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Washer/Dryer
Subdivision
The Villas at Cotton Ranch
Standard status
Active
APN
2111-082-30-007
Size
3,245 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: VILLAS AT COTTON RANCH FILING 3 Lot: 65
Tax Annual Amount
5228
HOA Fee
$275 Monthly
Legal Description
Subdivision: VILLAS AT COTTON RANCH FILING 3 Lot: 65
Utilities
Utilities
Water Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Amenities
central air conditioning
patio
Building Details
Year built
2018
Floors in Building
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Frame, Cement Siding, Stone, Wood Siding
Listing Agency:
Keller Williams Mtn Properties · Keller Williams Realty
(970) 476-1600
Listed By:
Brooke Gagnon · License #FA100013648
(970) 688-0915
Added: May 23
Changed: Aug 19
Last Checked: Aug 21 at 6:06PM
MLS# 1014210
Copyright © 2026 Vail Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This end unit duplex at the Villas at Cotton Ranch features an open main level designed for easy living. The layout includes a soaring great room, an elegant and functional kitchen, a private study, a laundry room, and a main level primary bedroom. The secondary bedrooms and baths are on the upper level, and the generous lower level can be curated into an entertainment or wellness space. An additional 360+/- square feet of unfinished space offers options for storage or future customization.
Additional conveniences include a two-car garage, central air conditioning, forced air heating with natural gas, and a gas fireplace. The home is wired for cable and includes features such as vaulted ceilings. Constructed in 2018, the property sits on a 0.05-acre lot and totals 3,245 square feet.
Step outside the south-facing patio to enjoy mountain views over the 8th tee box at Gypsum Creek Golf Course.
Additional conveniences include a two-car garage, central air conditioning, forced air heating with natural gas, and a gas fireplace. The home is wired for cable and includes features such as vaulted ceilings. Constructed in 2018, the property sits on a 0.05-acre lot and totals 3,245 square feet.
Step outside the south-facing patio to enjoy mountain views over the 8th tee box at Gypsum Creek Golf Course.
Key Highlights
- End unit duplex with south‑facing patio and mountain views over the 8th tee box at Gypsum Creek Golf Course
- 3,245 square feet of living space on a 0.05‑acre lot
- 2018 construction with central air conditioning and a gas fireplace
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
$44,880
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
3.76%
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%
$897,600
$897.6K
Cap Rate 7%
$641,143
$641.1K
Cap Rate 9%
$498,667
$498.7K
Market Conditions
NOI Build-Up for 3,245 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
$82.9K $25.56/SF
− Vacancy
−$18.8K −$5.80/SF
EGI
$64.1K $19.76/SF
− OpEx
−$19.2K −$5.93/SF
NOI
$44.9K $13.83/SF
Area
Eagle County, CO
Vacancy
22.70%
Lease Rate
$25.56 /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%
$897,600
Cap Rate 7%
$641,143
Cap Rate 9%
$498,667
Alternative Uses
Best Use
Multifamily LT 5
$641.1K
$561.0K – $748.0K
NOI $44,880 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$582.1K
$509.3K – $679.1K
NOI $40,746 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$890.1K
$778.8K – $1.04M
NOI $62,304 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - End unit duplex with south-facing patio, mountain views, central air, and main-level primary bedroom.
Where is this duplex located?
The property is located at 82 Lynx Circle Gypsum, CO.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: End unit duplex with south‑facing patio and mountain views over the 8th tee box at Gypsum Creek Golf Course; 3,245 square feet of living space on a 0.05‑acre lot; 2018 construction with central air conditioning and a gas fireplace
