Professional and Medical Office
For Sale
Contact for pricing
1055 17th Avenue, Longmont, CO 80501
Professional and medical office building with key-card access, security cameras, and available suite space in central Longmont.
Property Size15,121 SF
Lot Size1.64 Acres
Price / SF$170.29
Days on Market67
Property Features for 1055 17th Avenue
General Information
Standard status
Active
Size
15,121 SF
Class
B
Total Parking Spaces
77
Lot size
1.64 Acres
Property subtype
Office
Zoning
PUD/R, Longmont
Lease Type
NNN
Investment Type
Stabilized
Building Details
Buildings
1
Units
13
Tenancy
Multi
Listing Agency:
Dean Callan & Company Inc
(303) 449-1420
Listed By:
Hunter Barto · License #CO FA.040007452
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 21 at 6:44AM
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 Dean Callan & Company Inc
Investment Insights
Based on property information with market context.
1055 17th Avenue is a well-maintained professional and medical office building totaling 15,121 SF on 1.64 acres. The property offers modern building amenities designed for day-to-day operations, including key card access, interior and exterior security cameras, and a common elevator. Common-area restrooms are available, along with washers and dryers. Select suites include kitchenettes, and multiple skylights throughout support natural light.
The building is located in central Longmont, positioned among established residential neighborhoods. The offering includes 3,374 SF of space available for lease alongside stable existing tenancy.
This configuration can support owner-users and service providers seeking dedicated office space within a secure, amenity-rich building. For investors, the mix of available space and existing tenancy may appeal to those looking for a professional and medical-focused asset. Overall, the building’s security features, elevator access, and in-suite conveniences such as kitchenettes in select areas provide practical support for both professional offices and medical-adjacent operations.
The building is located in central Longmont, positioned among established residential neighborhoods. The offering includes 3,374 SF of space available for lease alongside stable existing tenancy.
This configuration can support owner-users and service providers seeking dedicated office space within a secure, amenity-rich building. For investors, the mix of available space and existing tenancy may appeal to those looking for a professional and medical-focused asset. Overall, the building’s security features, elevator access, and in-suite conveniences such as kitchenettes in select areas provide practical support for both professional offices and medical-adjacent operations.
Key Highlights
- 15,121 SF professional and medical office building in central Longmont with 1.64 acres
- 3,374 SF available suite space for lease alongside stable existing tenancy
- Key card access and interior/exterior security cameras
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
$192,906
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
7.49%
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%
$3,858,120
$3.9M
Cap Rate 7%
$2,755,800
$2.8M
Cap Rate 9%
$2,143,400
$2.1M
Market Conditions
NOI Build-Up for 15,121 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
$272.2K $18.00/SF
− Vacancy
−$15.0K −$0.99/SF
EGI
$257.2K $17.01/SF
− OpEx
−$64.3K −$4.25/SF
NOI
$192.9K $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%
$3,858,120
Cap Rate 7%
$2,755,800
Cap Rate 9%
$2,143,400
Alternative Uses
Best Use
Office B
$2.76M
$2.41M – $3.22M
NOI $192,906 @ 7.0% cap · market cap 7.49%
Second Best
Healthcare Medical
$185.1K
$162.0K – $216.0K
NOI $12,960 @ 7.0% cap · market cap 0.50%
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
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
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 building - Professional and medical office building with key-card access, security cameras, and available suite space in central Longmont.
Where is this office building located?
The property is located at 1055 17th Avenue Longmont, CO.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 15,121 SF professional and medical office building in central Longmont with 1.64 acres; 3,374 SF available suite space for lease alongside stable existing tenancy; Key card access and interior/exterior security cameras
