Executive Office Condo
For Sale
$540,000
101-4702 Larimer Pkwy, Johnstown, CO 80534
Turn-key executive office condo with private office, conference room, reception area, break room, and two restrooms.
Property Size1,579 SF
Price / SF$341.99
Days on Market85
Property Features for 101-4702 Larimer Pkwy
General Information
Standard status
Active
Size
1,579 SF
Listing Agency:
Group Mulberry
(970) 581-6444
Listed By:
Jason Billings
(970) 581-6444
Source:
Exprealty
Added: May 15
Changed: Jul 10
Last Checked: Jul 31 at 5:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Group Mulberry
Investment Insights
Based on property information with market context.
This centrally located executive office condo totals 1,579 square feet and is presented as a turn-key, remodeled space. The interior is designed for client-facing and day-to-day operations, with a private executive office, a reception area, a spacious conference room, and four dedicated workstations. Additional in-suite amenities include a break room and two private restrooms, supporting both regular work flow and meetings.
The condo is offered with excellent visibility through building signage availability. The property is positioned for convenient access within the building and is identified as ready for immediate occupancy.
For buyers or tenants seeking a turnkey office layout, the combination of dedicated workstations, a private office, and a conference room is well-suited for professional services, team-based operations, and client meetings. Two private restrooms add practical convenience for staff and visitors, while the remodeled, modern finishes and abundant natural light help the space function immediately without additional build-out work.
The condo is offered with excellent visibility through building signage availability. The property is positioned for convenient access within the building and is identified as ready for immediate occupancy.
For buyers or tenants seeking a turnkey office layout, the combination of dedicated workstations, a private office, and a conference room is well-suited for professional services, team-based operations, and client meetings. Two private restrooms add practical convenience for staff and visitors, while the remodeled, modern finishes and abundant natural light help the space function immediately without additional build-out work.
Key Highlights
- 1,579 SF executive office condo with abundant natural light
- Remodeled, turn‑key space with private executive office and four dedicated workstations
- Includes spacious conference room and welcoming reception area
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
$20,144
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
3.73%
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%
$402,880
$402.9K
Cap Rate 7%
$287,771
$287.8K
Cap Rate 9%
$223,822
$223.8K
Market Conditions
NOI Build-Up for 1,579 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
$28.4K $18.00/SF
− Vacancy
−$1.6K −$0.99/SF
EGI
$26.9K $17.01/SF
− OpEx
−$6.7K −$4.25/SF
NOI
$20.1K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$402,880
Cap Rate 7%
$287,771
Cap Rate 9%
$223,822
Alternative Uses
Best Use
Office B
$287.8K
$251.8K – $335.7K
NOI $20,144 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turn-key executive office condo with private office, conference room, reception area, break room, and two restrooms.
Where is this office units located?
The property is located at 101-4702 Larimer Pkwy Johnstown, CO.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 1,579 SF executive office condo with abundant natural light; Remodeled, turn‑key space with private executive office and four dedicated workstations; Includes spacious conference room and welcoming reception area
