Two-Story Industrial Flex
For Sale
$525,000
Pending
A4-210 Marmot Ln, Eagle, CO
Two-story industrial unit with a gutted entry/reception area, new gas meter and boiler, and front corner access.
Property Size2,197 SF
Days on Market150
Property Features for A4-210 Marmot Ln
General Information
Standard status
Pending
Size
2,197 SF
Total Parking Spaces
2
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$5,222
Building Details
Stories
2
Listing Agency:
Berkshire Hathaway - Edwards
(970) 926-8440
Listed By:
Chad Brasington · License #COFA40012306
(970) 390-7200
Source:
Exprealty
Added: Apr 8
Changed: Aug 20
Last Checked: Sep 4 at 10:36AM
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 Berkshire Hathaway - Edwards
Investment Insights
Based on property information with market context.
This two-story industrial flex unit offers approximately 1,400 square feet on the main level and 800 square feet on the upper level. The entry/reception area was gutted after a previous leak and has not been rebuilt, which has created a lower entry point for a tenant or owner to customize the space. A new gas meter and new boiler are in place.
The unit is a front, corner location. It includes 1 garage bay and 2 parking spaces directly in front, with additional overflow parking on the east end of the property.
With its split layout and partially completed interior, the space can be adapted for a business with office and reception needs while retaining industrial functionality.
The unit is a front, corner location. It includes 1 garage bay and 2 parking spaces directly in front, with additional overflow parking on the east end of the property.
With its split layout and partially completed interior, the space can be adapted for a business with office and reception needs while retaining industrial functionality.
Key Highlights
- Two‑story industrial unit with roughly 1,400' on the main level and 800' on the upper level
- Gutted entry/reception area; previously had a leak and the area was not rebuilt
- New gas meter and new boiler
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
$30,846
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
5.88%
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%
$616,920
$616.9K
Cap Rate 7%
$440,657
$440.7K
Cap Rate 9%
$342,733
$342.7K
Market Conditions
NOI Build-Up for 2,197 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
$52.7K $24.00/SF
− Vacancy
−$11.6K −$5.28/SF
EGI
$41.1K $18.72/SF
− OpEx
−$10.3K −$4.68/SF
NOI
$30.8K $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%
$616,920
Cap Rate 7%
$440,657
Cap Rate 9%
$342,733
Alternative Uses
Best Use
Office B
$440.7K
$385.6K – $514.1K
NOI $30,846 @ 7.0% cap · market cap 5.88%
Second Best
Flex RnD
$339.7K
$297.2K – $396.3K
NOI $23,777 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$602.6K
$527.3K – $703.0K
NOI $42,182 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story industrial unit with a gutted entry/reception area, new gas meter and boiler, and front corner access.
Where is this flex space located?
The property is located at A4-210 Marmot Ln Eagle, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story industrial unit with roughly 1,400' on the main level and 800' on the upper level; Gutted entry/reception area; previously had a leak and the area was not rebuilt; New gas meter and new boiler
