Ground-Level Retail/Office
For Sale
$1,500,000
90 Benchmark Road #104 105, Avon, CO 81620
Ground-level suites with formal reception, multiple private offices, conference room, and restrooms, plus four underground parking spaces.
Property Size3,749 SF
Price / SF$400.11
Days on Market132
Property Features for 90 Benchmark Road #104 105
General Information
Standard status
Active
Size
3,749 SF
Total Parking Spaces
4
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$27,090
Amenities
Metal Roof
Central Heating
Forced Air Heating
Underground
Building Details
Year Built
1999
Listing Agency:
FORTIUS COMMERCIAL ADVISORS
(970) 476-6415
Listed By:
MARK ZBRZEZNJ
Source:
Corcoran
Added: Apr 27
Changed: Sep 3
Last Checked: Sep 5 at 9:13AM
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 FORTIUS COMMERCIAL ADVISORS
Investment Insights
Based on property information with market context.
Available for sale are two ground-level retail/office suites within Avon’s office complex, Avon Town Square (ATS). The combined space totals 3,749 square feet and is configured with a formal reception area, conference room, 15 private offices, four workstations, and men’s and women’s restrooms. Additional interior components include copy and tech rooms and a kitchen, along with four underground parking spaces.
ATS is designed to support convenient guest and tenant access, with parking on-site and connectivity to I-70. The property is positioned within a broader mix of lodging, restaurants, and retail offerings, and the complex notes winter lift access via the Westin Riverfront Village to Beaver Creek Resort.
Flexible zoning at ATS is referenced as allowing retail, office, and residential uses, and the property remarks note conversions from office to residential by prior ATS owners. Current leasing details reference an expiration date of 9/30/26, with direction not to disturb the tenant.
ATS is designed to support convenient guest and tenant access, with parking on-site and connectivity to I-70. The property is positioned within a broader mix of lodging, restaurants, and retail offerings, and the complex notes winter lift access via the Westin Riverfront Village to Beaver Creek Resort.
Flexible zoning at ATS is referenced as allowing retail, office, and residential uses, and the property remarks note conversions from office to residential by prior ATS owners. Current leasing details reference an expiration date of 9/30/26, with direction not to disturb the tenant.
Key Highlights
- 1999‑built ground‑level retail/office space in Avon Town Square (ATS) in Avon's premier office complex
- Two available units totaling 3,749 sq. ft. with formal reception, conference room, and 15 private offices
- 4 workstations plus m/f restrooms, copy/tech rooms, and kitchen included
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
$52,636
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
3.51%
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%
$1,052,720
$1.1M
Cap Rate 7%
$751,943
$751.9K
Cap Rate 9%
$584,844
$584.8K
Market Conditions
NOI Build-Up for 3,749 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
$90.0K $24.00/SF
− Vacancy
−$19.8K −$5.28/SF
EGI
$70.2K $18.72/SF
− OpEx
−$17.5K −$4.68/SF
NOI
$52.6K $14.04/SF
Area
Eagle County, CO
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,052,720
Cap Rate 7%
$751,943
Cap Rate 9%
$584,844
Alternative Uses
Best Use
Office B
$751.9K
$658.0K – $877.3K
NOI $52,636 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$899.8K – $1.20M
NOI $71,981 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 81620, CO
10,038
Population
9,432
Households
1.1
Avg Household Size
37
Median Age
46%
College-Educated
97%
High-School Grad
54.0 sq mi
ZIP Area
186
Density / Sq Mi
$99,152
Median Household Income
$40,908
Median Earnings
$2,199
Median Rent
$951,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Ground-level suites with formal reception, multiple private offices, conference room, and restrooms, plus four underground parking spaces.
Where is this office units located?
The property is located at 90 Benchmark Road #104 105 Avon, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1999‑built ground‑level retail/office space in Avon Town Square (ATS) in Avon's premier office complex; Two available units totaling 3,749 sq. ft. with formal reception, conference room, and 15 private offices; 4 workstations plus m/f restrooms, copy/tech rooms, and kitchen included
