First-Floor Office
For Sale
Contact for pricing
2050 Terry St, Longmont, CO 80501
Spacious first-floor office suite with an open layout, many windows, and convenient on-site parking.
Property Size1,704 SF
Price / SF$224.77
Days on Market858
Property Features for 2050 Terry St
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:
Moodyscre
Added: Apr 16, 2024
Changed: Jul 28
Last Checked: Jul 28 at 6:28AM
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.
This spacious first-floor office suite offers an open layout designed to provide flexible space for business use. The east-facing orientation brings in abundant natural light through numerous windows, supporting a bright, work-friendly environment. Ample parking is available right at your doorstep.
Located on Longmont’s Main Street business corridor, the suite benefits from being positioned along a high-visibility commercial area.
The offering consists of a single first-floor suite configured for office use, with windowed space and straightforward access supported by nearby parking.
Located on Longmont’s Main Street business corridor, the suite benefits from being positioned along a high-visibility commercial area.
The offering consists of a single first-floor suite configured for office use, with windowed space and straightforward access supported by nearby parking.
Key Highlights
- Spacious first‑floor office suite on Longmont’s Main Street business corridor
- East‑facing suite with numerous windows for abundant natural light
- Open layout offers flexibility for a variety of professional uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,739
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,780
$434.8K
Cap Rate 7%
$310,557
$310.6K
Cap Rate 9%
$241,544
$241.5K
Market Conditions
NOI Build-Up for 1,704 SF
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.
Gross rent
$30.7K $18.00/SF
− Vacancy
−$1.7K −$0.99/SF
EGI
$29.0K $17.01/SF
− OpEx
−$7.2K −$4.25/SF
NOI
$21.7K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,780
Cap Rate 7%
$310,557
Cap Rate 9%
$241,544
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Spacious first-floor office suite with an open layout, many windows, and convenient on-site parking.
Where is this office units located?
The property is located at 2050 Terry St 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: Spacious first‑floor office suite on Longmont’s Main Street business corridor; East‑facing suite with numerous windows for abundant natural light; Open layout offers flexibility for a variety of professional uses
