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Property profile & analytics
FOR SALE
Retail space
1855 Shield Dr Steamboat Springs, CO 80487
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US13-1839761
For Sale
1 / 29
$4,700,000
1855 Shield Dr, Steamboat Springs, CO 80487
View Listing →
Property summary
AI-generated overview
This exceptional 13,090-square-foot retail building in Steamboat Springs, Colorado, presents a compelling investment opportunity. Located at 1855 Shield Dr, this property sits on a 1.76-acre lot and boasts 39 parking spaces, including a covered loading area with a roll-up door. Currently, the building is 100% leased, with iFurnish occupying approximately 84% of the space under a NNN lease, and Interiors with Altitude occupying the remainder. The property benefits from its strategic location in a high-growth area of Steamboat Springs, surrounded by thriving businesses and residential developments, including the Basecamp project, Curve Plaza, and Ace Hardware. The property's industrial zoning allows for a variety of uses, offering significant redevelopment potential. High traffic counts of 24,000 AADT on nearby US 40 and CO 129 further enhance its desirability. Built in 1996, this property offers a blend of existing income and future upside. The asking price is $4,350,000. Detailed financial information is available upon request.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
12,860 SF
Lot
1.76 ac (76,666 SF)
APN
115703004
UPID
US13-1839761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Interiors With Altitude Interior Design Home Decor Store
-
Search MOXIE Home Decor Store Department Store
-
Steamboat Mattress Home Decor Store Department Store
-
iFurnish Furniture & Home Goods Home Decor Store
-
Hawks Ridge Pottery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$2.21M
Owner & transaction history
Outback Investments LLC · 19 yrs held
Outback Investments LLC
since 2006
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Steamboat Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Steamboat Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.21M
Range $1.99M – $2.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$172 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,223
Tax year 2023
Assessed value
$449,330
Assessed 2023
Previous assessed
$321,880
+39.6% YoY
Effective rate
4.06%
On assessed value
Assessed land
$245,520
Assessed improvement
$203,810
Land market value
$880,000
Improvement market value
$730,500
Total market value
$1,610,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1996
Stories
1
Total area
12,860 SF
Lot
1.76 ac (76,666 SF)
APN
115703004
UPID
US13-1839761
Jurisdiction
ROUTT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Stories
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Outback Investments LLC
Entity
Mailing address
STEAMBOAT SPRINGS, CO 80477
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Outback Investments LLC
—
Deed
related
$2,250,000 · Bank Of Colorado
Aug 4, 2017
—
Outback Investments LLC
—
Deed
related
$875,000 · Alpine Bank
Nov 9, 2006
$1,875,000
Outback Investments LLC
Elk River South Investments LLC
Deed
$500,000 · Horizon Banks NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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