Corner Retail
For Sale
$1,500,000
Pending
E Valley Rd, Basalt, CO 81621
Commercial Sale, Basalt, CO
Property Size7,700 SF
Days on Market2366
Property Features for E Valley Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PUD
Subdivision
Willits
Directions
On the same parcel as One Willits Place, south of Market St Lofts
Standard status
Pending
APN
TBD .
Size
7,700 SF
Taxes and HOA fees
Tax Year
2020
Tax Description
Lot 8 according to the Final Plat of Willits Town Center Filing 11
Legal Description
Lot 8 according to the Final Plat of Willits Town Center Filing 11
Building Details
Year built
2021
Listing Agency:
Roaring Fork Realty
(800) 963-7172
Listed By:
Tim Belinski
(970) 277-1100
Added: Feb 28, 2020
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
MLS# 163377
Copyright © 2026 Aspen Glenwood MLS. 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 7,700-square-foot retail property was built in 2021 and is positioned on a corner within Basalt’s Willits neighborhood. The property carries PUD zoning and is located on E Valley Rd in Basalt, Colorado.
The site’s corner configuration provides a distinct physical position for retail use within the surrounding commercial area.
The site’s corner configuration provides a distinct physical position for retail use within the surrounding commercial area.
Key Highlights
- 7,700‑square‑foot retail property
- Built in 2021
- Corner location in Basalt’s Willits neighborhood
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
$107,917
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
7.19%
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%
$2,158,340
$2.2M
Cap Rate 7%
$1,541,671
$1.5M
Cap Rate 9%
$1,199,078
$1.2M
Market Conditions
NOI Build-Up for 7,700 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
$162.6K $21.12/SF
− Vacancy
−$8.5K −$1.10/SF
EGI
$154.2K $20.02/SF
− OpEx
−$46.3K −$6.01/SF
NOI
$107.9K $14.02/SF
Area
Eagle County, CO
Vacancy
5.20%
Lease Rate
$21.12 /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%
$2,158,340
Cap Rate 7%
$1,541,671
Cap Rate 9%
$1,199,078
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,917 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,840 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Dining 20%
Shops & Services 17%
Hotels & Casinos 6%
Whole Foods Market
Groceries
23,645 visits/mo
0.2 miles
Starbucks
Dining
8,047 visits/mo
0.3 miles
Conoco
Shops & Services
6,814 visits/mo
0.3 miles
Element Basalt - Aspen
Hotels & Casinos
2,663 visits/mo
0.2 miles
Demographics for 81621, CO
6,034
Population
3,145
Households
1.9
Avg Household Size
41
Median Age
59%
College-Educated
96%
High-School Grad
258.7 sq mi
ZIP Area
23
Density / Sq Mi
$103,721
Median Household Income
$58,008
Median Earnings
$2,220
Median Rent
$1,138,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - PUD-zoned commercial space completed in 2021.
Where is this retail space located?
The property is located at E Valley Rd Basalt, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,700‑square‑foot retail property; Built in 2021; Corner location in Basalt’s Willits neighborhood
