Mixed-Use Live/Work Redevelopment
1120 Alpine Ave Boulder, CO 80304
1120 Alpine Ave, Boulder, CO, 80304
$5,000,000
For Sale
$5,000,000
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 Market49
Property Features for 1120 Alpine Ave
General Information
- Standard status
- Active
- Size
- 13,657 SF
- Lot size
- 0.93 Acres
- Property subtype
- Land
Listing agency
Gibbons-White, Inc.
(303) 586-5939
Listed by
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:53PM Checked: Jul 20 at 3:49AM
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.
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.
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.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $426.1k | $31.20 |
| − Vacancy | −$21.3k | −$1.56 |
| EGI | $404.8k | $29.64 |
| − OpEx | −$161.9k | −$11.86 |
| NOI | $242.9k | $17.78 |
13,657 SF · lease $31.20/SF/yr · vacancy 5.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.47M
$3.04M – $4.05M
NOI $242,876 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$3.22M
$2.82M – $3.75M
NOI $225,250 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$4.61M
$4.04M – $5.38M
NOI $323,048 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Roots & Branches Acupuncture
Medical Clinic
Fridrich Scott J ...
Dental Office
Alpine Foot & Ankle ...
Physician
Boulder Nutrition
Physician
Trust Your Gut ...
Physician
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FAQs
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.