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    Commercial Suite in Downtown Steamboat Title is generated by Realmo AI

    942 Oak Street, Steamboat Springs, CO 80487

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    For Sale
    $1,100,000

    COMMERCIAL - Steamboat Springs, CO

    Added:
    Dec 5, 2025
    Days on Market:
    160
    Last Refresh:
    May 14 at 8:06 am

    Property Features for 942 Oak Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    R8181358

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8451

    Utilities

    Heating system
    Radiant, Hot Water(Heating), Radiant Floor

    Building Details

    Year built
    2014
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Robert Yazbeck

    Listing agent Robert Yazbeck License #100004383

    Listing office Coldwell Banker Mountain Properties P.O. Box 1598 137 S Main Street, Frisco, CO

    Listing date Dec 5, 2025

    MLS# S1064394 Listing URL

    Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime, walkable downtown location, one block off Lincoln Ave.
    • Single‑level commercial suite with a welcoming layout.
    • Custom‑built in 2014 with high‑quality design and construction.
    • Features four private office/treatment rooms, reception area, kitchenette, and two bathrooms.
    • Radiant floor heating throughout the suite.
    • Potential for future residential conversion (subject to approvals).

    Overview

    This well-maintained, single-level commercial suite offers a blend of professional function and homelike warmth, situated one block from Lincoln Ave in Steamboat Springs, CO. Originally custom-built in 2014, the space features hardwood floors, natural light, and a welcoming layout. The current floorplan includes four private office/treatment rooms, a reception/waiting area, a kitchenette, two bathrooms, a one-car garage, and storage. Radiant floor heating provides warmth throughout. The professional setting is suitable for medical or wellness providers, therapists, dentists, attorneys, financial or consulting firms, or others who value a polished, quiet environment. Located on the main level, with existing residential condos on the second floor, the suite may offer potential for future residential conversion, subject to approvals. This flexible layout supports a range of uses in a walkable downtown location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Astrid Grove, Birthroot ... Midwife Shaney McCoy Medical Clinic Erin Bomberg Alternative Medicine Practice Dr. Jennifer McPeek, ... Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Law Firm Auto Repair Shop Spa & Massage Center Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Stanton Craig DVM — 729 Oak St, Steamboat Springs, CO 80487
    • Mountain Vet — Steamboat Springs, CO 80488

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.835525
    Latitude
    40.48836

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    FAQs

    What type of property is this?
    Medical Office Space - Single-level commercial suite with potential for residential conversion.
    Where is this medical office space located?
    The property is located at 942 Oak Street Steamboat Springs, CO.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime, walkable downtown location, one block off Lincoln Ave.; Single‑level commercial suite with a welcoming layout.; Custom‑built in 2014 with high‑quality design and construction.
    (970) 390-6770
    We can help!
    Listing Contact
    Robert Yazbeck
    Real Estate License ID: 100004383
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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