Mixed-Use Property in Old
For Sale
$1,400,000
Pending
105 N Public Rd, Lafayette, CO 80026
Versatile mixed-use property in a rapidly growing downtown area.
Property Size7,460 SF
Lot Size0.34 Acres
Days on Market201
Property Features for 105 N Public Rd
General Information
Standard status
Pending
Size
7,460 SF
Lot size
0.34 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,696
Building Details
Building Size
7,460 SF
Year Built
1951
Units
9
Listing Agency:
REALTY VENTURES
Listed By:
Andre Debakker · License #40015559
(303) 829-4509
Source:
Elliman
Added: Mar 11
Changed: Sep 26
Last Checked: Sep 26 at 9:44AM
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 REALTY VENTURES
Investment Insights
Based on property information with market context.
Located in the heart of Old Town Lafayette, Colorado, this mixed-use property is situated in the restaurant district on N Public Road. The property consists of four buildings: a retail building currently housing Tip Top Savory Pies, a motel/apartment building, a duplex, and a single-family home. The property is suitable for retail, office, restaurant, and residential use. The property is located in a high-traffic location with excellent visibility. The property consists of two downtown lots and includes nine water and sewer taps. Ample parking is available for both tenants and visitors. It is within walking distance of public transportation options. The property is located in Lafayette's Urban Renewal District and may qualify for Colorado Enterprise Zone designation. Surrounded by a dynamic mix of businesses, dining, and entertainment options, it provides easy access to local amenities and major thoroughfares, enhancing its appeal to both businesses and residents. This property offers a versatile space in a rapidly growing downtown area.
Key Highlights
- Prime location in the heart of Old Town Lafayette's restaurant district on N Public Road.
- Mixed‑use property with 4 buildings: retail, motel/apartment, duplex, and single‑family home.
- Includes 9 water and sewer taps valued at over $350,000.
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
$100,710
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
7.19%
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%
$2,014,200
$2.0M
Cap Rate 7%
$1,438,714
$1.4M
Cap Rate 9%
$1,119,000
$1.1M
Market Conditions
NOI Build-Up for 7,460 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
$179.0K $24.00/SF
− Vacancy
−$17.9K −$2.40/SF
EGI
$161.1K $21.60/SF
− OpEx
−$60.4K −$8.10/SF
NOI
$100.7K $13.50/SF
Area
Boulder County, CO
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,014,200
Cap Rate 7%
$1,438,714
Cap Rate 9%
$1,119,000
Alternative Uses
Best Use
Retail
$2.11M
$1.84M – $2.46M
NOI $147,574 @ 7.0% cap · market cap 10.54%
Second Best
Multifamily LT 5
$1.99M
$1.74M – $2.32M
NOI $139,446 @ 7.0% cap · market cap 9.96%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,555 @ 7.0% cap · market cap 11.25%
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
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 80026, CO
32,318
Population
14,209
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
1,436
Density / Sq Mi
$115,031
Median Household Income
$59,937
Median Earnings
$2,054
Median Rent
$664,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile mixed-use property in a rapidly growing downtown area.
Where is this mixed-use property located?
The property is located at 105 N Public Rd Lafayette, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location in the heart of Old Town Lafayette's restaurant district on N Public Road.; Mixed‑use property with 4 buildings: retail, motel/apartment, duplex, and single‑family home.; Includes 9 water and sewer taps valued at over $350,000.
