Two-Level Med Spa Office
For Sale
$989,000
1332 St 1332 Linden St 1332, 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 Market32
Property Features for 1332 St 1332 Linden St 1332
General Information
Standard status
Active
Size
4,376 SF
Property subtype
Office
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$17,749
Amenities
Central Air
med/office
Corner Lot.
Level
15638.0
Sidewalks, Gutters, Street Lights. Curbs Walk, Public Transport, Corner, Asphalt, City Road, Level.
Building Details
Year Built
1979
Stories
2
Tenancy
Multi
Listing Agency:
Epique Realty
(303) 847-2020
Listed By:
Longmont
(303) 847-2020
Source:
Xome
Added: Jul 24
Changed: Aug 23
Last Checked: Aug 23 at 7:14AM
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 Epique Realty
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
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
$55,827
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
5.64%
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%
$1,116,540
$1.1M
Cap Rate 7%
$797,529
$797.5K
Cap Rate 9%
$620,300
$620.3K
Market Conditions
NOI Build-Up for 4,376 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
$78.8K $18.00/SF
− Vacancy
−$4.3K −$0.99/SF
EGI
$74.4K $17.01/SF
− OpEx
−$18.6K −$4.25/SF
NOI
$55.8K $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%
$1,116,540
Cap Rate 7%
$797,529
Cap Rate 9%
$620,300
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 St 1332 Linden St 1332 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
