Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5978 Iris Pkwy, Unit B Longmont, CO 80504

    Sponsored
    For Lease
    $17 SF/Yr

    COMMERCIAL - Longmont, CO

    Property size:
    850 SF
    Lot size:
    4.33 Acres
    Days on Market:
    44
    Last Refresh:
    Jan 23 at 11:06 pm

    Property Features for 5978 Iris Pkwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Industrial
    Rooms
    Basement
    APN
    R7538299
    Size
    850 SF
    Lot size
    4.33 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Space Heater, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Building materials
    Floor: Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Craig C Hau

    The Group;, Inc. Real Estate (970) 377-4979

    Listing agent Craig C Hau (970) 229-0700

    Listing date Dec 11, 2025

    MLS# 1024953

    Copyright © 2026 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial Office Unit For Lease

    This industrial office unit, available for lease, provides 850 square feet of space. The layout includes a large, open waiting/reception area, two private offices, a storage closet, a wet bar, and a private half-bathroom. The total monthly rent is $1,770.83, in addition to utilities. The property is located in Longmont, Colorado, within Weld County. The lot size is 4.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Weld
    State
    Colorado
    Longitude
    -104.94513
    Latitude
    40.11043

    Nearby Similar for Lease

    • $16 SF/Yr
      102,802 SF

      Niwot Office Condo with Views

      Bright office condo in Niwot with mountain views and fireplaces.
      7102 La Vista Pl, Longmont, CO 80503
      View Details
    • $15 SF/Yr
      188,615 SF

      Longmont Industrial Office/Warehouse Unit

      Industrial office/warehouse unit available for lease in Longmont, Colorado.
      5978 Iris Pkwy, Longmont, CO 80504
      View Details
    • $5,500,000
      111,516 SF

      Rail-Connected Agricultural Facility for Lease

      111,500+/- SF agricultural facility with rail connectivity on 17.6 acres.
      11600 Wasatch Rd, Longmont, CO 80504
      View Details
    • $4,500 /Mo
      3,650 SF

      Longmont Flex Office with Storage

      Flex office space with shop area and outdoor storage.
      10767 Turner Blvd, Longmont, CO 80504
      View Details
    • $11 SF/Yr
      5,000 SF

      Industrial Flex Condos For Rent

      5,000 SF flex condos with warehouse and office space.
      1740 Skyway Dr, Longmont, CO 80504
      View Details
    • $13 SF/Yr
      4,589 SF

      Longmont Retail Space For Lease

      Retail spaces available in southwest Longmont with high foot traffic.
      800 S Hover St, Longmont, CO 80501
      View Details
    • $15 SF/Yr
      1,613 SF

      Prime Retail Space on Main

      Inline retail space in Longmont's bustling commercial corridor.
      1104-1116 Main St, Longmont, CO 80501
      View Details
    • $14 SF/Yr
      1,116 SF

      Retail Space in Longmont Center

      Retail and service opportunities with high exposure in Longmont.
      1834 Main St, Longmont, CO 80501
      View Details
    • Contact for pricing
      74,880 SF

      Longmont Industrial Properties for Lease

      Industrial and distribution properties available for lease in Longmont, CO.
      7178 Tipple Pkwy, Longmont, CO
      View Details
    • $17 SF/Yr
      1,943 SF

      Vibrant Retail/Studio Space Available

      Creative space in Longmont's historic downtown with open layout.
      516 Main St, Longmont, CO 80501
      View Details
    • $8 SF/Yr
      90,611 SF

      Longmont Industrial Sublease Opportunity

      Versatile industrial space for sublease in Longmont, Colorado.
      120 9Th Ave, Longmont, CO 80501
      View Details
    • $20 SF/Yr
      7,749 SF

      Longmont Office Space For Rent

      Versatile office space available in north Longmont's FirstBank building.
      1707 Main St, Longmont, CO 80501
      View Details

    FAQs

    What type of property is this?
    Office space - Industrial office unit featuring private offices, storage, and wet bar.
    Where is this office space located?
    The property is located at 5978 Iris Pkwy, Unit B Longmont, CO.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - New Construction built in 2025; - Functional Layout: Features a large open waiting/reception area, two private offices, and a storage closet.; - Private Half-Bathroom
    (970) 377-4979
    Request Owner's contact information
    5978 Iris Pkwy, Unit B Longmont, CO 80504
    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.
    5978 Iris Pkwy, Unit B
    Longmont, CO 80504
    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
    5978 Iris Pkwy, Unit B Longmont, CO 80504
    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

    We can help!
    Listing Contact
    Craig C Hau
    (970) 377-4979
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.