Riverfront Workforce
For Sale
$678,678
86 Monitor Drive, Breckenridge, CO 80424
Three-bedroom layout with an upper-level primary suite, kitchen, living area, and desk.
Property Size1,452 SF
Days on Market641
Property Features for 86 Monitor Drive
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Duplex
Zoning
Planned Unit Development
Building Details
Building Size
1,452 SF
Year Built
2023
Stories
2
Construction
mountain modern
Listing Agency:
The Real Estate Group
(970) 389-1760
Listed By:
Jill Begley · License #100031623
Source:
Steamboatmountainrealestate
Added: Nov 27, 2024
Changed: Aug 28
Last Checked: Aug 29 at 10:17AM
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 The Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2023, this deed-restricted workforce duplex is part of Highlands Riverfront, a planned community with mountain modern architecture and dedicated open space. The three-bedroom residence places the primary suite upstairs alongside the kitchen, living area, and desk. Views extend toward the ski area and White River National Forest.
The property is positioned in Summit County between downtown Breckenridge and Frisco, with river access across from White River National Forest. The setting also provides access to skiing, golf, hiking, biking, shopping, restaurants, and downtown Breckenridge. Zoning is Planned Unit Development.
The property is positioned in Summit County between downtown Breckenridge and Frisco, with river access across from White River National Forest. The setting also provides access to skiing, golf, hiking, biking, shopping, restaurants, and downtown Breckenridge. Zoning is Planned Unit Development.
Key Highlights
- Deed‑restricted workforce duplex built in 2023
- Three‑bedroom configuration with an upper‑level primary suite
- Upper‑level kitchen, living area, and desk
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
$24,205
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
3.57%
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%
$484,100
$484.1K
Cap Rate 7%
$345,786
$345.8K
Cap Rate 9%
$268,944
$268.9K
Market Conditions
NOI Build-Up for 1,452 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
$36.6K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$34.6K $23.81/SF
− OpEx
−$10.4K −$7.14/SF
NOI
$24.2K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$484,100
Cap Rate 7%
$345,786
Cap Rate 9%
$268,944
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.4K
NOI $24,205 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,352 @ 7.0% cap · market cap 3.29%
Theoretical Best
Warehouse
$28.90M
$25.29M – $33.72M
NOI $2,023,021 @ 7.0% cap · market cap 298.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
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 - Three-bedroom layout with an upper-level primary suite, kitchen, living area, and desk.
Where is this duplex located?
The property is located at 86 Monitor Drive Breckenridge, CO.
What is the asking price?
The asking price for this property is $678,678.
What are key features of this property?
This property features: Deed‑restricted workforce duplex built in 2023; Three‑bedroom configuration with an upper‑level primary suite; Upper‑level kitchen, living area, and desk
