Longmont Office Condominium For
2050 Terry Street Longmont, CO 80501
2050 Terry Street, Longmont, CO, 80501
$383,000
For Sale
$383,000
1,704 SF office condominium in a prime Longmont location.
Property Size1,704 SF
Price / SF$224.77
Days on Market119
Property Features for 2050 Terry Street
General Information
- Standard status
- Active
- Size
- 1,704 SF
- Property subtype
- Office
Listing agency
CBRE - Fort Collins
(970) 402-5170
Listed by
TJ Antinora · License #FA.040024504
(970) 402-5170
Source
Cbre
Added: Mar 25 Updated: Jul 10 at 1:06PM Checked: Jul 21 at 3:31AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
Located in the northern Longmont business trade area, Terry Street Condominiums offer a 1,704 SF office condominium. The 2-story brick office building is situated in north Longmont, near Highway 287 and Main Street. The property is suitable for medical, legal, and financial services. The property has 38 shared parking spaces.
Key Highlights
- Prime location in north Longmont, close to Hwy 287/Main St.
- 1,704 SF office condominium.
- Ideal for medical, legal, and financial services industries.
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 | $30.7k | $18.00 |
| − Vacancy | −$1.7k | −$0.99 |
| EGI | $29.0k | $17.01 |
| − OpEx | −$7.2k | −$4.25 |
| NOI | $21.7k | $12.76 |
1,704 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$310.6K
$271.7K – $362.3K
NOI $21,739 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Elevations Credit Union ...
Credit Union
Northwestern Mutual
Financial Advisor
Daniel Bound
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 1,704 SF office condominium in a prime Longmont location.
Where is this office units located?
The property is located at 2050 Terry Street Longmont, CO.
What is the asking price?
The asking price for this property is $383,000.
What are key features of this property?
This property features: Prime location in north Longmont, close to Hwy 287/Main St.; 1,704 SF office condominium.; Ideal for medical, legal, and financial services industries.
