Well-Maintained 3-Bedroom
For Sale
Under Contract
$600,000
1750 Preston Dr, Longmont, CO 80504
Residential, Longmont, CO
Property Size3,761 SF
Lot Size0.18 Acres
Price / SF$159.53
Days on Market173
Property Features for 1750 Preston Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
3
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Dining Room, Bedroom 2, Bedroom 3, Bathroom 1, Game Room, Laundry Room, Basement, Bathroom 4, Bedroom 1, Laundry Room, Bathroom 2
Patio and Porch features
Patio
Interior features
Eat-in Kitchen, Separate Dining Room, Walk-In Closet(s)
Exterior features
Sprinkler System
Fireplace
1
Basement
Full
Appliances
Gas Range, Dishwasher, Refrigerator, Microwave
Subdivision
Spring Valley Ph I Flg 1
Elementary school
Alpine
Middle school
Timberline
High school
Skyline
Elementary school district
ST Vrain Dist RE 1J
Middle school district
ST Vrain Dist RE 1J
High school district
ST Vrain Dist RE 1J
Standard status
Active Under Contract
APN
R0122073
Size
3,761 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4456
HOA Fee
$440 Annually
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1999
Floors in Building
2
Building materials
Frame
Roof type
Composition
Listing Agency:
RE/MAX Nexus · RE/MAX International
(970) 295-4760
Listed By:
Sarah Hansard · License #40044537
(303) 517-3837
Added: Mar 24
Changed: Sep 10
Last Checked: Sep 12 at 1:06PM
MLS# 1054531
Copyright © 2026 IRES 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.
Welcome to this well-maintained 3-bedroom, 4-bathroom home in Longmont, CO, offering a functional layout with generous living space. Inside, you’ll find a loft and a main-floor study, along with a finished basement. The home is presented in clean, move-in-ready condition and includes real hardwood floors, vaulted ceilings, and a cozy fireplace. Additional highlights noted in the property include newer appliances, a custom primary closet, low-maintenance landscaping, and low-E windows designed to help with utilities.
The property at 1750 Preston Dr is located in the Spring Valley neighborhood, just minutes from Ute Creek Golf Course. It sits on a quiet street with green space across the street, and a west-facing driveway is included to help with snow melt. The backyard is described as low maintenance, supporting easier upkeep for daily living.
The property at 1750 Preston Dr is located in the Spring Valley neighborhood, just minutes from Ute Creek Golf Course. It sits on a quiet street with green space across the street, and a west-facing driveway is included to help with snow melt. The backyard is described as low maintenance, supporting easier upkeep for daily living.
Key Highlights
- 1999‑built 3‑bedroom, 4‑bath home with finished basement and loft
- Main‑floor study plus multiple living spaces including a game room and laundry room
- Fireplace and vaulted ceilings; eat‑in kitchen and separate dining room
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
$39,751
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
6.63%
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%
$795,020
$795.0K
Cap Rate 7%
$567,871
$567.9K
Cap Rate 9%
$441,678
$441.7K
Market Conditions
NOI Build-Up for 3,761 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
$76.7K $20.40/SF
− Vacancy
−$4.5K −$1.18/SF
EGI
$72.3K $19.22/SF
− OpEx
−$32.5K −$8.65/SF
NOI
$39.8K $10.57/SF
Area
Weld County, CO
Vacancy
5.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$795,020
Cap Rate 7%
$567,871
Cap Rate 9%
$441,678
Alternative Uses
Best Use
Apartment 5plus
$567.9K
$496.9K – $662.5K
NOI $39,751 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$685.4K
$599.8K – $799.7K
NOI $47,981 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Move-in-ready home with 3 bedrooms, 4 bathrooms, a finished basement, loft, study, and a 3-car garage.
Where is this single family property located?
The property is located at 1750 Preston Dr Longmont, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1999‑built 3‑bedroom, 4‑bath home with finished basement and loft; Main‑floor study plus multiple living spaces including a game room and laundry room; Fireplace and vaulted ceilings; eat‑in kitchen and separate dining room
