Retail Condo with Monument
For Sale
$515,000
5420 Arapahoe Ave, Boulder, CO 80303
Commercial Sale, Boulder, CO
Property Size1,082 SF
Lot Size0.06 Acres
Price / SF$475.97
Days on Market392
Property Features for 5420 Arapahoe Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
BC-1
Subdivision
Piazza D Tango Condo
Standard status
Active
APN
R0503121
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8884
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2002
Building materials
Block, Stucco
Roof type
Rubber
Listing Agency:
Gibbons-White, Inc.
(303) 442-1040
Listed By:
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Added: Sep 11, 2025
Changed: Sep 10
Last Checked: Oct 7 at 8:06AM
MLS# 1043489
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.
This 1,082-square-foot retail condominium is currently operating as a dispensary and is arranged with a waiting and reception area, customer retail area, private office, and restroom. The property was built in 2002 with block and stucco construction, forced-air heat, central air, a rubber roof, and public sewer service.
BC-1 zoning supports a broad range of office, retail, personal service, wellness, and fitness uses. The property is near the intersection of 55th Street and Arapahoe Avenue, with monument signage available for business identification.
BC-1 zoning supports a broad range of office, retail, personal service, wellness, and fitness uses. The property is near the intersection of 55th Street and Arapahoe Avenue, with monument signage available for business identification.
Key Highlights
- 1,082 SF retail condominium currently operating as a dispensary
- Layout includes waiting/reception, retail, office, and restroom areas
- BC‑1 zoning supports office, retail, personal service, wellness, and fitness uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,846
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,920
$356.9K
Cap Rate 7%
$254,943
$254.9K
Cap Rate 9%
$198,289
$198.3K
Market Conditions
NOI Build-Up for 1,082 SF
Gross rent
$27.3K $25.20/SF
− Vacancy
−$1.8K −$1.64/SF
EGI
$25.5K $23.56/SF
− OpEx
−$7.6K −$7.07/SF
NOI
$17.8K $16.49/SF
Area
Boulder, CO
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,920
Cap Rate 7%
$254,943
Cap Rate 9%
$198,289
Alternative Uses
Best Use
Retail
$254.9K
$223.1K – $297.4K
NOI $17,846 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,977
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Wendy's
Dining
11,218 visits/mo
0.1 miles
Shell
Shops & Services
8,352 visits/mo
0.2 miles
Conoco
Shops & Services
6,039 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
1,594 visits/mo
0.2 miles
Demographics for 80303, CO
25,328
Population
12,583
Households
2
Avg Household Size
32
Median Age
79%
College-Educated
99%
High-School Grad
21.9 sq mi
ZIP Area
1,157
Density / Sq Mi
$77,344
Median Household Income
$31,661
Median Earnings
$1,833
Median Rent
$941,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boulder, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail condominium with reception, sales, office, and restroom areas under BC-1 zoning.
Where is this retail space located?
The property is located at 5420 Arapahoe Ave Boulder, CO.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 1,082 SF retail condominium currently operating as a dispensary; Layout includes waiting/reception, retail, office, and restroom areas; BC‑1 zoning supports office, retail, personal service, wellness, and fitness uses
