Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1140 Cannon Street Louisville, CO 80027

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $42,000,000

    Boutique apartment building near Downtown Louisville and Boulder.

    Type:Multifamily
    Property size:
    130,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    134
    Last Refresh:
    Apr 1 at 11:46 pm

    Property Features for 1140 Cannon Street

    General Information

    Standard status
    Active
    Size
    130,000 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Mike Krebsbach

    Listing agent Mike Krebsbach

    Listing office

    Listing date Nov 21, 2025

    Source Pinnaclerea

    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 Mike Krebsbach

    Overview

    Luxury Apartments in Historic Louisville

    This property features a 130,000 square foot building constructed in 2017, containing 130 units. The property offers a mix of mid to large unit sizes and various additional income opportunities, providing a foundation for stable returns. Positioned as a boutique luxury community, it is located within Historic Downtown Louisville, and 10 minutes from Boulder. The location offers a blend of small-town comfort and adventurous appeal. The property is located steps from Downtown Louisville and across from designated Open Space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Boulder
    State
    Colorado
    Longitude
    -105.171
    Latitude
    39.9475

    Nearby Similar for Sale

    • $365,000
      807 SF

      Corner Condo Suite in Louisville

      Charming office condo with three offices, patio, and kitchenette.
      245 Century Circle, Louisville, CO
      View Details
    • $14,013,500
      56,054 SF

      Versatile Commercial Property in Louisville

      56,054 SF commercial property in high-demand Colorado Technology Center.
      101 South Taylor Avenue, Louisville, CO
      View Details
    • $1,300,000

      Main Street Development Opportunity

      Prime mixed-use development potential in Historic Downtown Louisville.
      608 Main, Louisville, CO 80027
      View Details
    • $365,000
      807 SF

      Charming Louisville Corner Condo Suite

      Corner condo suite in Louisville near Highway 36 and McCaslin.
      245 Century Cir, Louisville, CO 80027
      View Details
    • $2,800,000
      6,826 SF

      Office Building in Louisville, CO

      Office building with 6,826 square feet of space.
      980 W Dillon Rd, Louisville, CO
      View Details
    • Contact for pricing
      1,958 SF

      Corner Lot Gas Station Opportunity

      Gas station with redevelopment potential in historic downtown Louisville.
      947 Pine Street, Louisville, CO 80027
      View Details
    • $2,250,000
      6,580 SF

      Louisville Childcare and Educational Facility

      Purpose-built childcare facility in Louisville available for sale or lease.
      461 Tyler Ave, Louisville, CO 80027
      View Details
    • $2,995,000
      12,000 SF

      Freestanding Industrial/Flex Property For Rent

      Industrial/flex property in the heart of the Colorado Tech Center.
      543 S Pierce Ave, Louisville, CO
      View Details
    • Contact for pricing
      2,580 SF

      Established Liquor Store Business

      Liquor store business for sale in Village Square.
      645 East South Boulder Road, Louisville, CO 80027
      View Details
    • Contact for pricing
      83,625 SF

      New Class A Industrial Space

      State-of-the-art industrial property in premier Colorado Tech Center.
      1875-1923 South Taylor Avenue, Louisville, CO
      View Details
    • Contact for pricing
      37,231 SF

      Class A Office/Flex Opportunity

      Modern office/flex space in desirable Boulder County submarket.
      199 S Taylor Ave, Louisville, CO 80027
      View Details
    • $2,400,000
      12,917 SF

      Office Building with High Visibility

      Office building with good tenant mix and recent upgrades.
      325 W South Boulder Rd, Louisville, CO
      View Details

    FAQs

    What type of property is this?
    Apartment building - Boutique apartment building near Downtown Louisville and Boulder.
    Where is this apartment building located?
    The property is located at 1140 Cannon Street Louisville, CO.
    What is the asking price?
    The asking price for this property is $42,000,000.
    What are key features of this property?
    This property features: Boutique luxury community in Historic Downtown Louisville, just 10 minutes from Boulder.; Attractive assumable loan through Freddie Mac, originated by Wells Fargo.; Deal of scale with 130 units and 130,000 SF in a supply‑restrained market.
    (303) 407-9782
    We can help!
    Listing Contact
    Mike Krebsbach
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!