Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2432 Downhill Dr, Unit 6 Steamboat Springs, CO 80487-5072
    Back to Search
    Property profile & analytics

    2432 Downhill Dr, Unit 6 Steamboat Springs, CO 80487-5072

    View on Map
    • Warehouses
    • 870 SF
    Off-Market
    Property ID
    US13-2146859
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adult & Pediatric Specialists, / Medical Supply Store
    • Head Painters Inc. / Painting
    • Bred / Bakery / Specialty Food Shop
    • Forward Restoration / Hardware & Home Improvement / Construction Company
    • Top Stitch Upholstery / Furniture & Home Goods

    Property Details for 2432 Downhill Dr

    Year built
    1978
    Property size
    870 SF
    Property type
    Warehouses
    APN
    238902006
    APU
    238902006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.862
    Latitude
    40.5063
    CBSA code
    44460
    CBSA name
    STEAMBOAT SPRINGS, CO MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,121
    $0.00
    $27,650
    $27,650
    -
    $0.00
    $99,110
    $99,110

    Comparable in this City

    • Value Estimation by Request
      213 SF

      2550 Copper Psge, Unit 108

      WAREHOUSE, STORAGE • 213 SF
      2550 Copper Psge, Steamboat Springs, CO 80487
      View Details
    • Value Estimation by Request
      802 SF

      2432 Downhill Dr, Unit C

      WAREHOUSE, STORAGE • 802 SF
      2432 Downhill Dr, Steamboat Springs, CO 80487-5072
      View Details
    • Value Estimation
      $600,000
      2,174 SF

      2648 Copper Rdg Cir

      WAREHOUSE, STORAGE • 2,174 SF
      2648 Copper Rdg Cir, Steamboat Springs, CO 80487-5130
      View Details
    • Value Estimation by Request
      848 SF

      2280 Marble Ct, Unit 2

      WAREHOUSE, STORAGE • 848 SF
      2280 Marble Ct, Steamboat Springs, CO 80487
      View Details
    • Value Estimation by Request
      1,186 SF

      2550 Copper Psge, Unit 117

      WAREHOUSE, STORAGE • 1,186 SF
      2550 Copper Psge, Steamboat Springs, CO 80487
      View Details
    • Value Estimation
      $540,000
      4,391 SF

      2620 Copper Psge, Unit 2

      WAREHOUSE, STORAGE • 4,391 SF
      2620 Copper Psge, Steamboat Springs, CO 80487
      View Details

    Similar Nearby for Sale

    • $499,000
      Pending

      Industrial Warehouse Space Near Downtown

      Premier industrial warehouse space minutes from downtown Steamboat Springs.
      1700 Copper Ridge Spur, Steamboat Springs, CO 80487
      View Details
    • $500,000

      New Commercial Unit in Steamboat

      New construction commercial unit near downtown Steamboat Springs.
      2110 Taxi Way, Steamboat Springs, CO 80487
      View Details
    • $525,000

      Heated Garage Near Steamboat Airport

      Versatile storage and workspace near Steamboat Airport.
      2270 Marble Ct, Steamboat Springs, CO 80487
      View Details
    • New
      $2,600,000
      14,380 SF

      Spacious Warehouse in Downtown Steamboat

      Rare 14,380 SF clear span warehouse near downtown Steamboat.
      1955 Bridge Ln, Steamboat Springs, CO 80487
      View Details
    • $525,000
      900 SF

      Steamboat Springs Workshop For Sale

      Versatile workshop units ideal for storage and contractor use.
      2270 Marble Ct, Steamboat Springs, CO 80487
      View Details
    • $500,000

      New Commercial Unit in Steamboat

      New construction commercial unit near downtown Steamboat Springs.
      2110 Taxi Way, Steamboat Springs, CO 80487
      View Details

    Similar Nearby for Lease

    • $1,425,000
      1,464 SF

      Prime Commercial Space on Lincoln

      Inviting storefront in Steamboat's vibrant downtown corridor.
      907 Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    • $210,000
      5,475 SF

      Professional Office Space For Rent

      Bright office space with parking, shared amenities, and great views.
      2507 Riverside Dr, Steamboat Springs, CO 80487
      View Details
    • $4,700,000
      76,666 SF

      Steamboat Springs Retail Redevelopment Potential

      Leased investment property with redevelopment potential in Steamboat Springs, CO.
      1855 Shield Dr, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      2.7-acre pad site available for ground lease.
      1801 Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Steamboat Springs

      Retail space available in dominant shopping center anchored by Wal-Mart.
      1815-1835 Central Park Dr, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Central Park Plaza

      Retail space available for lease in Steamboat Springs, Colorado.
      1805-1815 Central Park Dr, Steamboat Springs, CO 80487
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2432 Downhill Dr, Unit 6
    Steamboat Springs, CO 80487-5072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2432 Downhill Dr, Steamboat Springs, CO, 80487
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!