1120 Alpine Ave Boulder, CO 80304
LAND - Boulder, CO
Property Features for 1120 Alpine Ave
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- BT-1
- Standard status
- Active
- APN
- R0000133
- Lot size
- 0.93 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 119990
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
Listing agent Michael-Ryan McCarty License #FA.040029628 (303) 586-5939
Listing office Gibbons-White, Inc. 2305 Canyon Blvd., Ste. 200, Boulder, CO (303) 442-1040
Listing date Mar 23, 2026
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located just west of Broadway in Boulder's North Broadway area, the parcel is described as immediately south of the City of Boulder Municipal Campus. The listing also notes direct proximity across from the North Boulder Ideal Market Shopping Center.
For buyers and operators, the existing medical office buildings provide an in-place improvement while development planning is pursued for a live/work-oriented mixed-use layout. The site’s conceptual mix of residential flexibility, ground-floor retail, rooftop recreation, and structured parking is intended to support a combined tenant and resident environment on a single redevelopment parcel.
Key Highlights
- Prime 0.93‑acre redevelopment parcel in Boulder's desirable North Broadway neighborhood.
- Conceptual 8‑level mixed‑use development opportunity.
- Innovative residential design with flexible, subdividable live/work loft spaces (56,000 SF).
Local Financial Insights For Retail
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 | $344.2k | $25.20 |
| − Vacancy | −$22.4k | −$1.64 |
| EGI | $321.8k | $23.56 |
| − OpEx | −$96.5k | −$7.07 |
| NOI | $225.3k | $16.49 |
