Historic Downtown Office
For Sale
Contact for pricing
1319 Spruce St, Boulder, CO 80302
Fully leased office building through July 2029 with an 8.9% cap rate.
Property Size12,254 SF
Price / SF$318.26
Days on Market292
Property Features for 1319 Spruce St
General Information
Standard status
Active
Size
12,254 SF
Property subtype
OFFICE
Occupancy
100%
Site & Location
Neighborhood
Downtown
Additional Details
Cap Rate
8.9%
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
Todd Walsh, CCIM · License #EC100077894
(303) 444-4888
Source:
Moodyscre
Added: Jan 7
Changed: Oct 25
Last Checked: Oct 24 at 4:46PM
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 Market Real Estate
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Investment Insights
Based on property information with market context.
This historic office building is offered for sale and is currently fully leased through July 2029. The property totals 12,254 square feet and is presented with an 8.9% cap rate based on the stated 2026–2027 income.
Located at 1319 Spruce St in downtown Boulder, the asset sits within an entertainment and shopping district described in the remarks as benefiting from strong demographics and high frequency of usage.
Located at 1319 Spruce St in downtown Boulder, the asset sits within an entertainment and shopping district described in the remarks as benefiting from strong demographics and high frequency of usage.
Key Highlights
- Historic building in downtown Boulder
- Fully leased through July 2029
- 8.9% cap rate (2026–2027 income)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,267
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,445,340
$3.4M
Cap Rate 7%
$2,460,957
$2.5M
Cap Rate 9%
$1,914,078
$1.9M
Market Conditions
NOI Build-Up for 12,254 SF
Gross rent
$323.5K $26.40/SF
− Vacancy
−$93.8K −$7.66/SF
EGI
$229.7K $18.74/SF
− OpEx
−$57.4K −$4.69/SF
NOI
$172.3K $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%
$3,445,340
Cap Rate 7%
$2,460,957
Cap Rate 9%
$1,914,078
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,267 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.62M – $4.83M
NOI $289,861 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 80302, CO
27,322
Population
13,556
Households
2
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
93.9 sq mi
ZIP Area
291
Density / Sq Mi
$60,649
Median Household Income
$19,586
Median Earnings
$1,850
Median Rent
$1,123,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building through July 2029 with an 8.9% cap rate.
Where is this office building located?
The property is located at 1319 Spruce St Boulder, CO.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Historic building in downtown Boulder; Fully leased through July 2029; 8.9% cap rate (2026–2027 income)
