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

    1075 Cimarron Dr Lafayette, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8,700 SF building with five lots near downtown.

    Type:LAND
    Lot size:
    0.14 Acres
    Added:
    Aug 19, 2024
    Days on Market:
    618
    Last Refresh:
    Apr 5 at 8:51 pm

    Property Features for 1075 Cimarron Dr

    General Information

    Standard status
    Active
    Lot size
    0.14 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    B. Scot Smith

    Listing agent B. Scot Smith

    Listing office The Colorado Group, Inc.

    Listing date Aug 19, 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 The Colorado Group, Inc.

    Overview

    School/Office Building with Additional Land

    An 8,700 SF school/office building is available, accompanied by five additional lots of land. These properties can be purchased together or individually. The surrounding development features other professional offices, creating an environment suitable for business or educational purposes. Each property includes its own parking lot, with shared drive lanes and streets ensuring ease of access. Positioned a short drive from downtown and the Waneka Reservoir, the location offers convenience. This opportunity may suit expanding a business, establishing a new office, or investing in potential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Lafayette
    County
    Boulder
    State
    Colorado
    Longitude
    -105.118
    Latitude
    39.9885

    Nearby Similar for Sale

    • $475,000

      Lafayette Land with Mountain Views

      12,331 sq ft lot for custom home.
      2325 Glacier Ct, Lafayette, CO 80026
      View Details
    • $1,450,000
      2,636 SF

      9-Acre Multi-Purpose Zoned Property

      9-acre property with two homes, suitable for various uses.
      12416 Flagg Dr, Lafayette, CO 80026
      View Details
    • $399,900

      Lafayette Building Lot with Views

      8,048 Sq Ft building lot with mountain views.
      2313 Glacier Ct, Lafayette, CO 80026
      View Details
    • $550,000
      3,900 SF

      Established Liquor Store in Lafayette

      High-traffic location in Lafayette, anchored by Sprouts.
      545 W South Boulder Road, Lafayette, CO 80026
      View Details
    • $950,000
      3,924 SF

      Lafayette Mixed-Use Property For Sale

      Two buildings in Lafayette's business district, suitable for various uses.
      211 E Simpson Street, Lafayette, CO 80026
      View Details
    • $950,000
      2,774 SF

      Office, Retail, and Industrial Buildings

      Two buildings suitable for office, retail, or light industrial use.
      211 East Simpson Street, Lafayette, CO 80026
      View Details
    • $355,000
      1,440 SF

      Storage Condo with High Ceilings

      Storage condo suitable for business, RVs, hobbies, cars, and more.
      1725 Majestic Drive #B-1, Lafayette, CO 80026
      View Details
    • $1,600,000

      Prime Lafayette Redevelopment Opportunity

      Shape Lafayette's future with this exceptional redevelopment opportunity.
      200 N Public, Lafayette, CO 80026
      View Details
    • $1,350,000

      Lafayette Corner Lot Opportunity

      Corner lot in thriving Lafayette business community, retail and office.
      421 Aspen Ridge, Lafayette, CO 80026
      View Details
    • $1,400,000

      Old Town Lafayette Mixed-Use Property

      Mixed-use property in Old Town Lafayette with retail and residential.
      107 N Public Rd, Lafayette, CO 80026
      View Details
    • $4,099,000
      10,987 SF

      Lafayette Medical Office Investment

      Fully leased medical office building with long-term tenant.
      2000 W S Boulder Rd, Lafayette, CO
      View Details
    • $5,900,000
      28,450 SF

      Versatile Lafayette Building in Vista Park

      28,450 SF building in Lafayette's Vista Business Park.
      1399 Horizon Ave, Lafayette, CO
      View Details

    FAQs

    What type of property is this?
    Land - 8,700 SF building with five lots near downtown.
    Where is this land located?
    The property is located at 1075 Cimarron Dr Lafayette, CO.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: 8,700 SF school/office building with five additional lots of land.; Can be purchased together or individually.; Each property has its own parking lot.
    (720) 351-8243 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    B. Scot Smith
    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!