Multi-Tenant Office
For Sale
$6,500,000
1200 28th St, Boulder, CO 80303
Commercial Sale, Boulder, CO
Property Size19,368 SF
Lot Size0.64 Acres
Price / SF$335.61
Days on Market149
Property Features for 1200 28th St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RH-5
Subdivision
East Ridge
Lot features
Corner Lot
View
Hills
Standard status
Active
APN
R0513332
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1995
Building materials
Brick
Roof type
Rubber
Listing Agency:
Gibbons-White, Inc.
(303) 442-1040
Listed By:
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Added: May 19
Changed: Oct 8
Last Checked: Oct 14 at 6:06AM
MLS# 1059464
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.
This 19,368-square-foot office building offers a multi-tenant configuration on a 0.64-acre site. Built in 1995, the brick structure features forced-air heating, central air conditioning, a rubber roof, and public sewer service. Parking includes 38 underground spaces and 30 surface spaces, for 68 total spaces.
The property is positioned at the intersection of 28th Street and Colorado Avenue, directly across from the CU campus. It also provides access to the US 36 and 28th Street corridor. RH-5 zoning and the existing office improvements create a property with both established commercial functionality and stated development potential.
The property is positioned at the intersection of 28th Street and Colorado Avenue, directly across from the CU campus. It also provides access to the US 36 and 28th Street corridor. RH-5 zoning and the existing office improvements create a property with both established commercial functionality and stated development potential.
Key Highlights
- 19,368 SF multi‑tenant office building completed in 1995
- 0.64‑acre site with RH‑5 Residential‑High 5 zoning
- 68 total parking spaces: 38 underground and 30 surface
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick office property with underground and surface parking on a 0.64-acre parcel zoned RH-5.
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.
What are key features of this property?
This property features: 19,368 SF multi‑tenant office building completed in 1995; 0.64‑acre site with RH‑5 Residential‑High 5 zoning; 68 total parking spaces: 38 underground and 30 surface
