Three-Bedroom Duplex with
For Sale
$575,000
94 Salmon Loop, Gypsum, CO 81637
Fenced outdoor space, extended parking, and a practical layout support comfortable residential living.
Property Size1,423 SF
Days on Market369
Property Features for 94 Salmon Loop
General Information
Standard status
Active
Size
1,423 SF
Total Parking Spaces
2
Property subtype
Duplex
Zoning
Planned Unit Development
Additional Details
Multifamily Units
2
Amenities
fenced backyard
Building Details
Building Size
1,423 SF
Year Built
2017
Buildings
1
Stories
2
Listing Agency:
Exp Realty LLC - Resort Experts
(970) 668-2121
Listed By:
Amy Smits · License #40038092
Source:
Steamboatmountainrealestate
Added: Aug 29, 2025
Changed: Aug 31
Last Checked: Aug 4 at 8:23AM
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 Exp Realty LLC - Resort Experts
Investment Insights
Based on property information with market context.
Built in 2017, this duplex includes three bedrooms, thoughtfully arranged bathrooms, a two-car garage, and additional parking. The property also features a fenced backyard and a generous outdoor area suitable for gardening, recreation, or private gatherings. Planned Unit Development zoning applies.
Located at 94 Salmon Loop in Gypsum, the property is near Ute Trail and the Colorado River. These nearby recreational resources provide access to hiking, biking, fishing, rafting, and other outdoor activities. The combination of enclosed parking, extra vehicle space, and private yard amenities creates a functional residential setting in a Colorado mountain community.
Located at 94 Salmon Loop in Gypsum, the property is near Ute Trail and the Colorado River. These nearby recreational resources provide access to hiking, biking, fishing, rafting, and other outdoor activities. The combination of enclosed parking, extra vehicle space, and private yard amenities creates a functional residential setting in a Colorado mountain community.
Key Highlights
- Duplex built in 2017
- Three‑bedroom layout with thoughtfully arranged bathrooms
- Two‑car garage plus extended parking
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
$19,681
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
3.42%
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%
$393,620
$393.6K
Cap Rate 7%
$281,157
$281.2K
Cap Rate 9%
$218,678
$218.7K
Market Conditions
NOI Build-Up for 1,423 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
$36.4K $25.56/SF
− Vacancy
−$8.3K −$5.80/SF
EGI
$28.1K $19.76/SF
− OpEx
−$8.4K −$5.93/SF
NOI
$19.7K $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%
$393,620
Cap Rate 7%
$281,157
Cap Rate 9%
$218,678
Alternative Uses
Best Use
Multifamily LT 5
$281.2K
$246.0K – $328.0K
NOI $19,681 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$390.3K
$341.5K – $455.4K
NOI $27,322 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
20
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 - Fenced outdoor space, extended parking, and a practical layout support comfortable residential living.
Where is this duplex located?
The property is located at 94 Salmon Loop Gypsum, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Duplex built in 2017; Three‑bedroom layout with thoughtfully arranged bathrooms; Two‑car garage plus extended parking
