Contiguous Second-Floor Office
New
For Sale
$1,295,000
90 Benchmark, Avon, CO 81620
Commercial Sale, Avon, CO
Property Size3,378 SF
Lot Size0.16 Acres
Price / SF$383.36
Days on Market5
Property Features for 90 Benchmark
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
5
Parking features
Underground/Basement
Subdivision
Avon Town Square
Standard status
Active
APN
2105-122-15-051
Size
3,378 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Desc: Lot 2, Phase II (Aka Phase Iii) Subdivision: Avon Town Square Comm Condos Unit: 201 R729725 Map 05-12-00 R729726 Dec 05-12-00 R741623 Dec 10-13-00 R757695 Dec 05-23-01 R759247 Dec 06-11-01 R784855 Eas 02-04-02 R923946 Eas 07-27-05 R938731 Eas 12-01-05
Tax Annual Amount
20893
HOA Fee
$3,893 Monthly
Legal Description
Desc: Lot 2, Phase II (Aka Phase Iii) Subdivision: Avon Town Square Comm Condos Unit: 201 R729725 Map 05-12-00 R729726 Dec 05-12-00 R741623 Dec 10-13-00 R757695 Dec 05-23-01 R759247 Dec 06-11-01 R784855 Eas 02-04-02 R923946 Eas 07-27-05 R938731 Eas 12-01-05
Utilities
Heating system
Forced Air
Building Details
Year built
1999
Floors in Building
1
Building materials
Frame, Concrete
Listing Agency:
Keller Williams Mtn Properties · Keller Williams Realty
(970) 476-1600
Listed By:
Ryan Richards
(970) 401-0720
Added: Sep 8
Last Checked: Sep 12 at 5:06AM
MLS# 1015109
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 offering comprises three adjoining second-floor commercial condominium units totaling 3,378 square feet, according to HOA records. The space has an open layout, substantial natural light, and the flexibility to support professional office, retail, or service-based occupancy. The contiguous configuration can accommodate a single user or be arranged for multiple tenancies.
Five underground reserved parking spaces are included, with additional surface parking available at the complex. Association services cover common area maintenance, electricity, heat and air conditioning, garbage, structural upkeep, and building insurance. The property was constructed in 1999 and is professionally managed.
Town of Avon commercial zoning permits residential conversion on the second floor and above. The property is within walking distance of the Westin Riverfront Express Gondola, Nottingham Lake, and Avon's restaurants, shops, and services, with access to I-70 for travel throughout the Vail Valley.
Five underground reserved parking spaces are included, with additional surface parking available at the complex. Association services cover common area maintenance, electricity, heat and air conditioning, garbage, structural upkeep, and building insurance. The property was constructed in 1999 and is professionally managed.
Town of Avon commercial zoning permits residential conversion on the second floor and above. The property is within walking distance of the Westin Riverfront Express Gondola, Nottingham Lake, and Avon's restaurants, shops, and services, with access to I-70 for travel throughout the Vail Valley.
Key Highlights
- 3,378 square feet of contiguous second‑floor commercial condominium space
- Three adjoining units: 201, 202, and 203
- Five underground reserved parking spaces 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
$47,427
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
3.66%
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%
$948,540
$948.5K
Cap Rate 7%
$677,529
$677.5K
Cap Rate 9%
$526,967
$527.0K
Market Conditions
NOI Build-Up for 3,378 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
$81.1K $24.00/SF
− Vacancy
−$17.8K −$5.28/SF
EGI
$63.2K $18.72/SF
− OpEx
−$15.8K −$4.68/SF
NOI
$47.4K $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%
$948,540
Cap Rate 7%
$677,529
Cap Rate 9%
$526,967
Alternative Uses
Best Use
Office B
$677.5K
$592.8K – $790.5K
NOI $47,427 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$676.3K
$591.8K – $789.1K
NOI $47,343 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$926.5K
$810.7K – $1.08M
NOI $64,858 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
935
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial condominium space with natural light, reserved underground parking, and a floor plan adaptable to multiple tenancies.
Where is this office units located?
The property is located at 90 Benchmark Avon, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,378 square feet of contiguous second‑floor commercial condominium space; Three adjoining units: 201, 202, and 203; Five underground reserved parking spaces included
