Corner-Lot Duplex with
For Sale
$449,320
97 Haymaker Street, Silverthorne, CO 80498
Three-bedroom home with radiant heat, attached garage, and an open main-level floor plan.
Property Size1,427 SF
Days on Market469
Property Features for 97 Haymaker Street
General Information
Standard status
Active
Size
1,427 SF
Total Parking Spaces
2
Property subtype
Duplex
Zoning
Duplex
Building Details
Building Size
1,427 SF
Year Built
2018
Stories
2
Listing Agency:
Nelson Walley Real Estate
(970) 368-4448
Listed By:
Debbie Nelson
Source:
Steamboatmountainrealestate
Added: May 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:18PM
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 Nelson Walley Real Estate
Investment Insights
Based on property information with market context.
This 2018-built duplex at Smith Ranch presents a three-bedroom, 2.5-bath layout designed for comfortable separation between living and sleeping areas. The main level features an open-concept arrangement, while all bedrooms are located upstairs. A south-facing patio extends the living area outdoors, and the attached two-car garage includes a storage bump-out with additional space beneath the stairs. Interior finishes include gray cabinetry, slab granite surfaces, luxury laminate vinyl flooring, and in-floor radiant heat. A washer and dryer are included.
The property is located at 97 Haymaker Street in Silverthorne, within a deed-restricted local workforce neighborhood. Eligibility includes household employment serving Summit County, along with income and other qualification requirements established for the program. Buyer due diligence is required to confirm suitability and compliance with the applicable restrictions.
The property is located at 97 Haymaker Street in Silverthorne, within a deed-restricted local workforce neighborhood. Eligibility includes household employment serving Summit County, along with income and other qualification requirements established for the program. Buyer due diligence is required to confirm suitability and compliance with the applicable restrictions.
Key Highlights
- Three‑bedroom, 2.5‑bath duplex built in 2018
- South‑facing patio on a corner lot
- Two‑car garage with storage bump‑out and under‑stair storage
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
$23,788
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
5.29%
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%
$475,760
$475.8K
Cap Rate 7%
$339,829
$339.8K
Cap Rate 9%
$264,311
$264.3K
Market Conditions
NOI Build-Up for 1,427 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
$36.0K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$34.0K $23.81/SF
− OpEx
−$10.2K −$7.14/SF
NOI
$23.8K $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%
$475,760
Cap Rate 7%
$339,829
Cap Rate 9%
$264,311
Alternative Uses
Best Use
Multifamily LT 5
$339.8K
$297.4K – $396.5K
NOI $23,788 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$313.8K
$274.6K – $366.1K
NOI $21,967 @ 7.0% cap · market cap 4.89%
Theoretical Best
Warehouse
$28.40M
$24.85M – $33.14M
NOI $1,988,189 @ 7.0% cap · market cap 442.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80498, CO
8,405
Population
6,931
Households
1.2
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
294.8 sq mi
ZIP Area
29
Density / Sq Mi
$105,227
Median Household Income
$49,636
Median Earnings
$1,738
Median Rent
$721,700
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 home with radiant heat, attached garage, and an open main-level floor plan.
Where is this duplex located?
The property is located at 97 Haymaker Street Silverthorne, CO.
What is the asking price?
The asking price for this property is $449,320.
What are key features of this property?
This property features: Three‑bedroom, 2.5‑bath duplex built in 2018; South‑facing patio on a corner lot; Two‑car garage with storage bump‑out and under‑stair storage
