Heated Storage Garage
For Sale
$62,000
Pending
E111-501 W Airport Blvd, Hayden, CO
Private heated garage unit with approximately 237 sq. ft., set within a secure gated facility near the regional airport.
Property Size237 SF
Days on Market53
Property Features for E111-501 W Airport Blvd
General Information
Standard status
Pending
Size
237 SF
Taxes and HOA fees
Annual Taxes
$2,089
Amenities
gated facility
owner's lounge
airport shuttle service
Listing Agency:
The Group Inc.
(970) 870-8800
Listed By:
Craig Keefe
(970) 846-7080
Source:
Exprealty
Added: Jul 21
Changed: Sep 10
Last Checked: Sep 10 at 10:53AM
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 The Group Inc.
Investment Insights
Based on property information with market context.
This for-sale private heated storage garage is designed to provide secure indoor space for vehicle and recreational equipment. The unit includes approximately 237 square feet of heated storage and is described as a secure, gated facility. HOA coverage is noted to include heat, snow removal, and access to an owner’s lounge, along with an airport shuttle service.
The property is conveniently located adjacent to Yampa Valley Regional Airport, making it particularly practical for airport-area access. The remarks indicate a “fly in, drive out” setup intended to keep vehicles and gear ready when needed.
The garage configuration is described to accommodate a vehicle plus items such as a trailer, motorcycles, bikes, skis, or other recreational gear, supported by the heated indoor storage area.
The property is conveniently located adjacent to Yampa Valley Regional Airport, making it particularly practical for airport-area access. The remarks indicate a “fly in, drive out” setup intended to keep vehicles and gear ready when needed.
The garage configuration is described to accommodate a vehicle plus items such as a trailer, motorcycles, bikes, skis, or other recreational gear, supported by the heated indoor storage area.
Key Highlights
- Private heated garage unit with approximately 237 sq. ft. of heated storage
- Set within a secure gated facility near Yampa Valley Regional Airport
- HOA covers heat and snow removal for the garage unit
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
$2,222
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
3.58%
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%
$44,440
$44.4K
Cap Rate 7%
$31,743
$31.7K
Cap Rate 9%
$24,689
$24.7K
Market Conditions
NOI Build-Up for 237 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
$3.4K $14.40/SF
− Vacancy
−$239 −$1.01/SF
EGI
$3.2K $13.39/SF
− OpEx
−$952 −$4.02/SF
NOI
$2.2K $9.37/SF
Area
Routt County, CO
Vacancy
7.00%
Lease Rate
$14.40 /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%
$44,440
Cap Rate 7%
$31,743
Cap Rate 9%
$24,689
Alternative Uses
Best Use
Warehouse
$94.8K
$82.9K – $110.6K
NOI $6,635 @ 7.0% cap · market cap 10.70%
Second Best
Self Storage
$31.7K
$27.8K – $37.0K
NOI $2,222 @ 7.0% cap · market cap 3.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Private heated garage unit with approximately 237 sq. ft., set within a secure gated facility near the regional airport.
Where is this self storage facility located?
The property is located at E111-501 W Airport Blvd Hayden, CO.
What is the asking price?
The asking price for this property is $62,000.
What are key features of this property?
This property features: Private heated garage unit with approximately 237 sq. ft. of heated storage; Set within a secure gated facility near Yampa Valley Regional Airport; HOA covers heat and snow removal for the garage unit
