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    Office Building with High Visibility Title is generated by Realmo AI

    325 W South Boulder Rd, Louisville, CO

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    Office building with good tenant mix and recent upgrades.

    Type:OFFICE
    Property size:
    12,917 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $185/SF
    Added:
    Aug 7, 2024
    Days on Market:
    676
    Last Refresh:
    May 19 at 10:38 pm

    Property Features for 325 W South Boulder Rd

    General Information

    Standard status
    Active
    Size
    12,917 SF
    Lot size
    0.56 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 325 W South Boulder Rd Contact us

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    Listing Contact
    Steve Sims
    Steve Sims

    Listing agent Steve Sims License #EA.001312310

    Listing office Gibbons-White, Inc.

    Listing date Aug 7, 2024

    Source Moodyscre

    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.

    HighLights

    • Priced at a compelling 6.9% Cap Rate on Pro Forma NOI
    • Suites Available for Potential Owner User (1,632 sq. ft. & 1,765 sq. ft.)
    • New HVAC and Roof Replaced in 2017
    • Good Mix of Tenants with Staggered Expiration Dates
    • Great Visibility on South Boulder Road with Monument Signage Available
    • Close Proximity to Restaurants, Shops, and Retailers

    Overview

    This office building is priced at a 6.9% Cap Rate on Pro Forma NOI. Suite 1, comprising 1,632 square feet, and Suite 2, comprising 1,765 square feet, are currently available, presenting a potential opportunity for an owner-user. The property features a mix of tenants, including Young Dentistry for Children and the National Institute for Trial Advocacy, with staggered lease expiration dates. The HVAC system is new, and the roof was replaced in 2017. The building benefits from high visibility on South Boulder Road, with monument signage available. It is located one block from Mudrock’s Tap & Tavern, Luna Coffee, Shamrock Foodservice Warehouse, and Village Square retailers, and one mile from historic Downtown Louisville restaurants and shops. The property has a total size of 12,917 square feet and is located in Louisville, CO.

    Local Financial Insights For Office B

    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 $322.4k $24.96
    − Vacancy −$93.5k −$7.24
    EGI $228.9k $17.72
    − OpEx −$57.2k −$4.43
    NOI $171.7k $13.29
    12,917 SF · lease $24.96/SF/yr · vacancy 29.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.45M
    $2.15M – $2.86M (±1% cap)
    NOI $171,682 @ 7.0% cap · market cap 7.15%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.90M
    $3.41M – $4.55M (±1% cap)
    NOI $272,807 @ 7.0% cap · market cap 11.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Boulder
    State
    Colorado
    Longitude
    -105.132
    Latitude
    39.9778

    FAQs

    What type of property is this?
    Office building - Office building with good tenant mix and recent upgrades.
    Where is this office building located?
    The property is located at 325 W South Boulder Rd Louisville, CO.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Priced at a compelling 6.9% Cap Rate on Pro Forma NOI; Suites Available for Potential Owner User (1,632 sq. ft. & 1,765 sq. ft.); New HVAC and Roof Replaced in 2017
    (303) 442-1040 Call to check price and availability
    More about this property
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