For Sale
$6,500,000
1200 28Th St, Boulder, CO 80303
Development opportunity near CU Campus with high-density zoning.
Property Size19,368 SF
Lot Size0.64 Acres
Price / SF$335.61
Days on Market155
Property Features for 1200 28Th St
General Information
Standard status
Active
Property type
Office buildings, Office Spaces, Commercial real estate
Size
19,368 SF
Lot size
0.64 Acres
Building Details
Year Built
1995
Listed By:
Michael-Ryan McCarty
(303) 818-7688
Added: May 19
Changed: Aug 31
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,275
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,445,500
$5.4M
Cap Rate 7%
$3,889,643
$3.9M
Cap Rate 9%
$3,025,278
$3.0M
Market Conditions
NOI Build-Up for 19,368 SF
Gross rent
$511.3K $26.40/SF
− Vacancy
−$148.3K −$7.66/SF
EGI
$363.0K $18.74/SF
− OpEx
−$90.8K −$4.69/SF
NOI
$272.3K $14.06/SF
Area
Boulder, CO
Vacancy
29.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,445,500
Cap Rate 7%
$3,889,643
Cap Rate 9%
$3,025,278
Alternative Uses
Best Use
Office B
$3.89M
$3.40M – $4.54M
NOI $272,275 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.54M
$5.73M – $7.64M
NOI $458,138 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 80303, CO
25,328
Population
12,583
Households
2
Avg Household Size
32
Median Age
79%
College-Educated
99%
High-School Grad
21.9 sq mi
ZIP Area
1,157
Density / Sq Mi
$77,344
Median Household Income
$31,661
Median Earnings
$1,833
Median Rent
$941,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Development opportunity near CU Campus with high-density zoning.
Where is this office building located?
The property is located at 1200 28Th St Boulder, CO.
What is the asking price?
The asking price for this property is $6,500,000.
