Two-Level Med Spa Office
New
For Sale
$989,000
1332 Linden St, Longmont, CO 80501
Two-level three-unit office condo near Longmont United Hospital with updated exterior and roof, plus modified gross leases.
Property Size4,376 SF
Price / SF$226.01
Days on Market3
Property Features for 1332 Linden St
General Information
Standard status
Active
Size
4,376 SF
Property subtype
Commercial
Additional Details
Office Units
3
Building Details
Building Size
4,376 SF
Year Built
1979
Stories
2
Tenancy
Multi
Listing Agency:
(303) 847-2020
Listed By:
Ryan Harper
(303) 847-2020
Source:
Elliman
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 12:19PM
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 Ryan Harper
Investment Insights
Based on property information with market context.
Two-level, fully improved three-unit commercial condominium offering a mix of medical and office space within approximately 4,376 SF. Level 1 is home to a med spa with reception and waiting areas, multiple treatment and exam rooms, private offices, two restrooms, and a dedicated laundry/utility room. Level 2 includes two self-contained suites occupied by a dental practice, a counseling practice, and professional office space, with private entrances, treatment/consult rooms, and restroom facilities. Room sizes range from smaller consult rooms to a larger 15'3" x 20'2" open space, providing flexible layouts across both levels. The property was built in 1979.
The location is one block from Longmont United Hospital. Leases are modified gross, with tenants paying base rent plus their own unit utilities and NNN charges. Primary tenant leases have approximately one year remaining, and one suite is available for immediate owner occupancy at closing.
Recent capital improvements include a full exterior repaint and a new lifetime rubber roof coating. BikeScore is 53 (bikeable), and WalkScore and transitScore are 20 (car-dependent, minimal transit).
The location is one block from Longmont United Hospital. Leases are modified gross, with tenants paying base rent plus their own unit utilities and NNN charges. Primary tenant leases have approximately one year remaining, and one suite is available for immediate owner occupancy at closing.
Recent capital improvements include a full exterior repaint and a new lifetime rubber roof coating. BikeScore is 53 (bikeable), and WalkScore and transitScore are 20 (car-dependent, minimal transit).
Key Highlights
- One block from Longmont United Hospital
- Three‑unit, two‑level condominium totaling approximately 4,376 SF
- Level 1 med spa with treatment rooms, private offices, and laundry/utility room
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 | $78.8k | $18.00 |
| − Vacancy | −$4.3k | −$0.99 |
| EGI | $74.4k | $17.01 |
| − OpEx | −$18.6k | −$4.25 |
| NOI | $55.8k | $12.76 |
4,376 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$797.5K
$697.8K – $930.5K
NOI $55,827 @ 7.0% cap · market cap 5.64%
Second Best
Healthcare Medical
$53.6K
$46.9K – $62.5K
NOI $3,751 @ 7.0% cap · market cap 0.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,240
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 - Two-level three-unit office condo near Longmont United Hospital with updated exterior and roof, plus modified gross leases.
Where is this office units located?
The property is located at 1332 Linden St Longmont, CO.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: One block from Longmont United Hospital; Three‑unit, two‑level condominium totaling approximately 4,376 SF; Level 1 med spa with treatment rooms, private offices, and laundry/utility room
