Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    704 Main St Longmont, CO 80501

    Sponsored
    For Sale
    $1,500,000

    Prime Retail Building: Lease or Buy!

    Property size:
    6,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional 6,100 square foot retail building presents a unique opportunity for lease or purchase in the vibrant heart of Longmont, Colorado. Strategically located on the signalized corner of Main Street and Longs Peak Avenue, this property benefits from high visibility and significant traffic volume, boasting 30,775 vehicles per day in 2022. The building features ample parking in a dedicated reserved lot, ensuring convenient access for customers and employees. Enhance your brand presence with prominent building and monument signage opportunities. The property sits on a 0.3-acre lot, providing ample space for outdoor activities or expansion. Conceptual demising plans are available for review, offering flexibility in space configuration to suit various business needs. A tenant improvement (T.I.) allowance is negotiable, making this an attractive proposition for prospective buyers or tenants seeking to customize their space. The asking price for this prime retail location is $1,500,000. Don't miss this chance to establish your business in a high-traffic, highly visible location within a thriving community. Contact us today to schedule a showing and explore the possibilities.

    Property Features for 704 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,100 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1939
    Property Profile Location Intelligence

    Current Use by Public Records

    First Cash Pawn Pawn Shop

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.1021
    Latitude
    40.17101

    Nearby Similar for Sale

    • New
      $654,000
      2,188 SF

      Longmont Duplex with Four-Car Garage

      Residential income property featuring a duplex and a detached four-car garage.
      131 Bowen St, Longmont, CO 80501
      View Details
    • $1,390,000

      Mead Commercial Flex/Industrial Condo

      6,695 SF flex/industrial condo equipped for commercial uses.
      4104 N Valley Dr, Longmont, CO 80504
      View Details
    • $6,750,000
      3,050 SF

      Longmont Farm with Irrigation

      70-acre farm with superior soils and substantial irrigation.
      12944 N 75Th St, Longmont, CO 80503
      View Details
    • $2,200,000
      3.35 Acres

      Commercial Property in Longmont, CO

      3.35-acre commercial property with multiple businesses in Boulder County.
      11809 N 75Th St, Longmont, CO 80503
      View Details
    • $450,000
      2.36 Acres

      Niwot Office Condo with Views

      Bright office condo with mountain views near Boulder and Longmont.
      7102 La Vista Pl, Longmont, CO 80503
      View Details
    • $1,450,000
      0.94 Acres

      Industrial Building with Fenced Yard

      Stand-alone industrial building in Mead, Colorado, with fenced yard.
      14274 Longs Peak Ct, Longmont, CO 80504
      View Details
    • $800,000
      3,186 SF

      Longmont Multifamily Property For Sale

      Four-unit residential income property in Longmont, Colorado.
      832 S Bowen St, Longmont, CO 80501
      View Details
    • $2,450,000
      10,000 SF

      Modern Freestanding Building in Vista Park

      10,000 SF building suitable for various commercial uses.
      1651 Skyway Dr, Longmont, CO 80504
      View Details
    • $6,585,000
      23,921 SF

      Longmont Multifamily Portfolio: Nine Properties

      Portfolio of nine properties with 23 residential units in Longmont.
      2229 Collyer St, Longmont, CO 80501
      View Details
    • $9,500,000
      49,470 SF

      Longmont Manufacturing Facility For Sale

      Fully leased manufacturing facility with cleanrooms in southwest Longmont.
      1475 S Fordham St, Longmont, CO 80503
      View Details
    • $1,925,000
      4,678 SF

      Longmont Multifamily Investment Opportunity

      Ten-unit property with value-add potential in thriving Longmont, Colorado.
      1120 3Rd Ave, Longmont, CO 80501
      View Details
    • $385,000
      1,798 SF

      Longmont Townhome-Style Condo with Views

      3-bedroom, 4-bath condo with finished basement and nature views.
      1601 Great Western Dr, Longmont, CO 80501
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Retail Building: Lease or Buy!
    Where is this commercial real estate located?
    The property is located at 704 Main St Longmont, CO.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (970) 632-5050
    Request Owner's contact information
    704 Main St Longmont, CO 80501
    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.
    704 Main St
    Longmont, CO 80501
    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.

    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
    704 Main St Longmont, CO 80501
    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
    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.