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    942 Oak St, Unit 3 Steamboat Springs, CO 80487
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    Property profile & analytics

    942 Oak St, Unit 3, Steamboat Springs, CO 80487

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    • Office buildings
    • 1,438 SF
    For Sale
    $1,100,000
    View Listing →
    Single-Level Commercial Suite Near Lincoln For Sale
    $1,100,000

    Single-Level Commercial Suite Near Lincoln

    Well-maintained commercial suite with flexible layout in downtown location.

    942 Oak Street #3, Steamboat Springs, CO 80487
    View Listing
    Property ID
    US13-0121493
    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
    2.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Astrid Grove, Birthroot Midwifery / Midwife / Herbalist
    • Shaney McCoy / Medical Clinic
    • Erin Bomberg / Alternative Medicine Practice / Physician
    • Dr. Jennifer McPeek, D.O., P.C. / Alternative Medicine Practice / Physician

    Property Details for 942 Oak St

    Year built
    2014
    Property type
    Office buildings
    APN
    328500003
    APU
    328500003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $945,000
      ML approach
      $965,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $787,000
      Market price range: $457k - $787k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $615,000
      Current use
      RETAIL STORES
      $615,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Steamboat Springs
    County
    Routt
    State
    Colorado
    Longitude
    -106.836
    Latitude
    40.4883
    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
    $8,176
    $0.00
    $201,600
    $201,600
    -
    $0.00
    $722,580
    $722,580

    Comparable in this City

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      2420 Ski Trl Ln, Unit 7

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    • Value Estimation
      $9,020,000
      31,074 SF

      705 Marketplace Plz

      OFFICE BUILDING
      705 Marketplace Plz, Steamboat Springs, CO 80487-1838
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    • Value Estimation
      $1,445,000
      4,270 SF

      407 Lincoln Ave

      OFFICE BUILDING
      407 Lincoln Ave, Steamboat Springs, CO 80487-8934
      View Details
    • Value Estimation
      $5,905,000
      17,430 SF

      135 6th St

      OFFICE BUILDING
      135 6th St, Steamboat Springs, CO 80487-5262
      View Details
    • Value Estimation
      $2,610,000
      7,699 SF

      940 Central Park Dr Ste, Unit 101

      OFFICE BUILDING
      940 Central Park Dr Ste, Steamboat Springs, CO 80487-8853
      View Details
    • Value Estimation
      $1,965,000
      5,801 SF

      1955 Brg Ln, Unit 27

      OFFICE BUILDING
      1955 Brg Ln, Steamboat Springs, CO 80487-5152
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,334 SF

      Iconic Old Town Corner Building

      Unique 6,334 sq.ft. building in Old Town Steamboat Springs.
      401 Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    • $1,100,000

      Single-Level Commercial Suite Near Lincoln

      Well-maintained commercial suite with flexible layout in downtown location.
      942 Oak St, Steamboat Springs, CO 80487
      View Details
    • $1,725,000

      Steamboat Medical/Professional Office Space

      Functional office suite in a serene, accessible Steamboat location.
      505 Anglers Dr, Steamboat Springs, CO 80487
      View Details
    • $175,000
      0.13 Acres

      Steamboat Springs Office/Retail Space

      Professional office or light retail space with shared amenities.
      2507 Riverside Dr, Steamboat Springs, CO 80487
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    • $500,000

      New Commercial Unit in Steamboat

      New construction commercial unit near downtown Steamboat Springs.
      2110 Taxi Way, Steamboat Springs, CO 80487
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    • Contact for pricing
      0.30 Acres

      Steamboat Springs Office Space

      Functional office space near downtown and ski area.
      1169 Hilltop Pkwy, Steamboat Springs, CO 80487
      View Details

    Similar Nearby for Lease

    • $210,000
      5,475 SF

      Professional Office Space For Rent

      Bright office space with shared amenities and convenient parking.
      2507 Riverside Dr, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing

      Downtown Steamboat Springs Office Suite

      Bright, updated office space with views and full kitchen.
      345 Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    • Contact for pricing

      Downtown Steamboat Springs Office Suite

      Bright, updated office space in premier downtown Steamboat Springs building.
      202-345 Lincoln Ave, 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
    • $1,425,000
      1,464 SF

      Prime Commercial Space on Lincoln

      Inviting commercial space in Steamboat's vibrant downtown corridor.
      907 Lincoln Ave, Steamboat Springs, CO 80487
      View Details
    View Listing
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    Steamboat Springs, CO 80487
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    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
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