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Mixed-Use Live/Work Redevelopment Parcel
For Sale
$5,000,000

1120 Alpine Ave, Boulder, CO 80304

Redevelopment site with two medical offices and a conceptual live/work and retail mixed-use plan.

Property Size13,657 SF
Lot Size0.93 Acres
Price / SF$366.11
Days on Market142

Property Features for 1120 Alpine Ave

General Information

Standard status Active
Size 13,657 SF
Total Parking Spaces 140
Lot size 0.93 Acres
Property subtype Land

Additional Details

Clear Height 12 ft

Taxes and HOA fees

Annual Taxes $119,990

Building Details

Building Size 13,657 SF
Stories 8
Listing Agency: Gibbons-White, Inc.
Listed By: Michael-Ryan McCarty · License #FA.040029628
Source: Elliman
Added: Jun 3 Changed: Oct 17 Last Checked: Oct 20 at 8:35PM

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 Gibbons-White, Inc.

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Investment Insights

Based on property information with market context.

1120–1130 Alpine Avenue is a redevelopment parcel totaling 0.93 acres, currently improved with two medical office buildings totaling 13,657 SF. The offering presents a redevelopment framework for an eight-level mixed-use concept with flexible, subdividable living space. The design contemplates 56,000 SF of residential use across four levels using a “paired floor” configuration, allowing upper spaces to be accessed from within lower units and enabling multiple layouts, from two-story loft options to single-story studios. The concept also includes premium ground-floor retail totaling 16,000 SF, described as high-bay (12') and anchored by an intimate courtyard pocket park, with flexibility to lease retail separately or pair it with residential units for live/work functionality.

The site is positioned in the heart of Boulder’s North Broadway neighborhood, just west of Broadway. It is immediately south of the City of Boulder Municipal Campus and directly across from the North Boulder Ideal Market Shopping Center, providing convenient access to retail and daily essentials named in the materials, including Whole Foods, Sweet Cow, Santos, and other staples.

For buyers or operators seeking a mixed-use conversion opportunity, the combination of existing medical office improvements and the outlined live/work, retail, and rooftop amenity concept supports a range of tenanting and layout strategies. The plan also outlines parking with two levels of underground parking and 140 exceptionally wide (10') spaces, along with a 15,000 SF rooftop recreation deck featuring a rooftop pool and gardens.

Key Highlights

  • 0.93‑acre (40,349 SF) redevelopment parcel at 1120‑1130 Alpine Ave in Boulder’s North Broadway neighborhood.
  • Currently improved with two medical office buildings totaling 13,657 SF.
  • Conceptual 8‑level mixed‑use plan includes 56,000 SF of flexible, subdividable living space across four levels.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$242,876
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,857,520 $4.9M
Cap Rate 7%
$3,469,657 $3.5M
Cap Rate 9%
$2,698,622 $2.7M
Market Conditions
NOI Build-Up for 13,657 SF
Gross rent
$426.1K $31.20/SF
− Vacancy
−$21.3K −$1.56/SF
EGI
$404.8K $29.64/SF
− OpEx
−$161.9K −$11.86/SF
NOI
$242.9K $17.78/SF
Area
Boulder, CO
Vacancy
5.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,857,520
Cap Rate 7%
$3,469,657
Cap Rate 9%
$2,698,622

Alternative Uses

Best Use
Healthcare Medical
$3.47M
$3.04M – $4.05M (±1% cap)
NOI $242,876 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$3.22M
$2.82M – $3.75M (±1% cap)
NOI $225,250 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$4.61M
$4.04M – $5.38M (±1% cap)
NOI $323,048 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Roots & Branches Acupuncture Medical Clinic Fridrich Scott J ... Dental Office Alpine Foot & Ankle ... Physician Boulder Nutrition Physician Trust Your Gut ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Barber Shop Pet Grooming Service Grocery & Convenience Store Nail Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft
Clear height

Location Intelligence

Trade Area within ½ mile

4,139
Businesses Nearby

Demographics for 80304, CO

27,532
Population
11,717
Households
2.3
Avg Household Size
41
Median Age
78%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,534
Median Household Income
$60,155
Median Earnings
$1,956
Median Rent
$1,166,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Live-work space - Redevelopment site with two medical offices and a conceptual live/work and retail mixed-use plan.
Where is this live-work space located?
The property is located at 1120 Alpine Ave Boulder, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 0.93‑acre (40,349 SF) redevelopment parcel at 1120‑1130 Alpine Ave in Boulder’s North Broadway neighborhood.; Currently improved with two medical office buildings totaling 13,657 SF.; Conceptual 8‑level mixed‑use plan includes 56,000 SF of flexible, subdividable living space across four levels.
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