High-Visibility Retail with Residential
Tree Farm Drive Basalt, CO 81621
For Sale
$2,050,000
COMMERCIAL - Basalt, CO
Property Size10,753 SF
Lot Size0.46 Acres
Price / SF$190.64
Days on Market1061
Property Features for Tree Farm Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
246502215001
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tree Farm PUD: Lot: C-1
Tax Annual Amount
41250
Utilities
Water source
Public
Building Details
Number of units
7
Listing Agency:
ENGEL & VOLKERS
(970) 925-8400
Listed By:
Harrison Sachs · License #FA.01186135
(970) 948-5042
Added: Sep 1, 2023
Changed: Jul 23
Last Checked: Jul 27 at 3:06PM
MLS# 180889
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.
Parcel and approved development rights in the Tree Farm PUD, offered for sale as Lot C-1. The property includes plans and is permit ready for a mixed-use development with approximately 5,515 sq ft of high-visibility retail space and 10 Eagle County deed-restricted housing units above the retail.
The retail component can be split into multiple spaces. The development also includes 35 parking spaces. Located along Tree Farm Drive in Basalt, Colorado, the offering is positioned within the Tree Farm lakeside development that includes luxury residential, the Hoffman Hotel, and restaurant/retail and apartments.
Zoning is listed as Commercial. Retail and the residential units are contemplated as part of the same approved project under the Tree Farm PUD.
The retail component can be split into multiple spaces. The development also includes 35 parking spaces. Located along Tree Farm Drive in Basalt, Colorado, the offering is positioned within the Tree Farm lakeside development that includes luxury residential, the Hoffman Hotel, and restaurant/retail and apartments.
Zoning is listed as Commercial. Retail and the residential units are contemplated as part of the same approved project under the Tree Farm PUD.
Key Highlights
- Approved plans and permit ready for pick‑up for 5,515 sq ft of high visibility retail space and 10 Eagle County deed restricted housing units.
- Located in the Tree Farm PUD, a lakeside development with luxury residential, The Hoffman Hotel, restaurant/retail and apartments.
- Retail space can be split into multiple spaces.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $227.1k | $21.12 |
| − Vacancy | −$11.8k | −$1.10 |
| EGI | $215.3k | $20.02 |
| − OpEx | −$53.8k | −$5.01 |
| NOI | $161.5k | $15.02 |
10,753 SF · lease $21.12/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.31M
$2.02M – $2.69M
NOI $161,470 @ 7.0% cap · market cap 7.88%
Second Best
Retail
$2.15M
$1.88M – $2.51M
NOI $150,706 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,458 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Approved plans for high-visibility retail plus 10 deed-restricted one-bedroom housing units with 35 parking spaces.
Where is this retail space located?
The property is located at Tree Farm Drive Basalt, CO.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Approved plans and permit ready for pick‑up for **5,515 sq ft of high visibility retail space and 10 Eagle County deed restricted housing units.**; Located in the Tree Farm PUD, a lakeside development with luxury residential, The Hoffman Hotel, restaurant/retail and apartments.; Retail space can be split into multiple spaces.
