Historic Downtown Office
1319 Spruce St Boulder, CO 80302
For Sale
Contact for pricing
Fully leased office building through July 2029 with an 8.9% cap rate.
Property Size12,254 SF
Price / SF$318.26
Days on Market201
Property Features for 1319 Spruce St
General Information
Standard status
Active
Size
12,254 SF
Property subtype
OFFICE
Listing Agency:
Market Real Estate
(303) 444-4888
Listed By:
Nate Litsey · License #40036156
(303) 263-3360
Source:
Moodyscre
Added: Jan 7
Changed: Jul 26
Last Checked: Jul 26 at 3:07PM
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
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 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 | $323.5k | $26.40 |
| − Vacancy | −$93.8k | −$7.66 |
| EGI | $229.7k | $18.74 |
| − OpEx | −$57.4k | −$4.69 |
| NOI | $172.3k | $14.06 |
12,254 SF · lease $26.40/SF/yr · vacancy 29.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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)
