Second-Floor Medical Office
For Sale
Contact for pricing
4795 Larimer, Johnstown, CO 80534
Own the entire second floor of a two-story medical office building with two contiguous condo units.
Property Size2,757 SF
Price / SF$330.16
Days on Market52
Property Features for 4795 Larimer
General Information
Standard status
Active
Size
2,757 SF
Property subtype
OFFICE
Additional Details
Floor
2
Highway Access
Yes
Office Units
2
Building Details
Buildings
1
Stories
2
Listing Agency:
RE/MAX Commercial Alliance
(970) 482-1781
Listed By:
Nick Whitworth · License #COLORADOEA100041986
(970) 222-3010
Source:
Moodyscre
Added: Jul 23
Changed: Jul 30
Last Checked: Sep 11 at 8:44AM
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 RE/MAX Commercial Alliance
Investment Insights
Based on property information with market context.
Own the entire second floor of a two-story medical office building, offered as two contiguous second-floor condominium units: Unit 2A and Unit 2B. The total offering size is 2,757 SF, providing a configuration that can support flexible occupancy, leasing, or holding both units together as income-producing space.
The building is positioned at one of Northern Colorado’s busiest commercial crossroads, the I-25 and Highway 34 interchange, known locally as the “2534” corridor. This area is described as a rapidly growing hub of retail, restaurants, and healthcare development between Loveland and Greeley.
For medical office users or investors seeking a dedicated second-floor footprint within an active regional interchange setting, Units 2A and 2B offer a practical way to match your space needs—whether you occupy both or separate use across the two contiguous units.
The building is positioned at one of Northern Colorado’s busiest commercial crossroads, the I-25 and Highway 34 interchange, known locally as the “2534” corridor. This area is described as a rapidly growing hub of retail, restaurants, and healthcare development between Loveland and Greeley.
For medical office users or investors seeking a dedicated second-floor footprint within an active regional interchange setting, Units 2A and 2B offer a practical way to match your space needs—whether you occupy both or separate use across the two contiguous units.
Key Highlights
- Total offering: 2,757 SF second‑floor medical office space
- Two contiguous second‑floor condominium units: Unit 2A and Unit 2B
- Own the entire second floor of a two‑story medical office building
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
$35,172
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
3.86%
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%
$703,440
$703.4K
Cap Rate 7%
$502,457
$502.5K
Cap Rate 9%
$390,800
$390.8K
Market Conditions
NOI Build-Up for 2,757 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
$49.6K $18.00/SF
− Vacancy
−$2.7K −$0.99/SF
EGI
$46.9K $17.01/SF
− OpEx
−$11.7K −$4.25/SF
NOI
$35.2K $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%
$703,440
Cap Rate 7%
$502,457
Cap Rate 9%
$390,800
Alternative Uses
Best Use
Office B
$502.5K
$439.7K – $586.2K
NOI $35,172 @ 7.0% cap · market cap 3.86%
Second Best
Healthcare Medical
$33.8K
$29.5K – $39.4K
NOI $2,363 @ 7.0% cap · market cap 0.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
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
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Similar Off Market Nearby
- The Cat Doctor — 4855 A Thompson Pkwy, Johnstown, CO 80534
Frequently Asked Questions
What type of property is this?
Medical Office Space - Own the entire second floor of a two-story medical office building with two contiguous condo units.
Where is this medical office space located?
The property is located at 4795 Larimer Johnstown, CO.
What is the asking price?
The asking price for this property is $910,240.
What are key features of this property?
This property features: Total offering: 2,757 SF second‑floor medical office space; Two contiguous second‑floor condominium units: Unit 2A and Unit 2B; Own the entire second floor of a two‑story medical office building
