Remodeled Two-Story Office
For Sale
Contact for pricing
2930 Center Green Ct, Boulder, CO 80301
The layout combines private offices, open work areas, conference rooms, and a large breakroom.
Property Size8,699 SF
Price / SF$316.13
Days on Market491
Property Features for 2930 Center Green Ct
General Information
Standard status
Active
Size
8,699 SF
Property subtype
OFFICE
Building Details
Stories
2
Listing Agency:
Gibbons-White, Inc.
(303) 586-5930
Listed By:
Chris Boston · License #IR.040026406
(303) 586-5930
Source:
Moodyscre
Added: Apr 29, 2025
Changed: Aug 30
Last Checked: Aug 31 at 6:38PM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This 8699-square-foot office building in Boulder presents two floors of recently remodeled workspace with modern finishes. The interior includes a combination of private offices and open work areas, along with several conference rooms and a large breakroom. Interior improvements were designed by OZ Architecture.
Located at 2930 Center Green Ct, the property offers access to Foothills Pkwy and Valmont Rd. Onsite parking is available, and exterior building signage is visible from Foothills Pkwy. The Boulder Creek Bike Path, Valmont City Park, and Valmont Bike Park are nearby.
Located at 2930 Center Green Ct, the property offers access to Foothills Pkwy and Valmont Rd. Onsite parking is available, and exterior building signage is visible from Foothills Pkwy. The Boulder Creek Bike Path, Valmont City Park, and Valmont Bike Park are nearby.
Key Highlights
- 8699 square feet of office space across two floors
- Remodeled interior with modern finishes designed by OZ Architecture
- Mix of private offices and open work areas
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
$122,291
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
4.45%
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%
$2,445,820
$2.4M
Cap Rate 7%
$1,747,014
$1.7M
Cap Rate 9%
$1,358,789
$1.4M
Market Conditions
NOI Build-Up for 8,699 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
$229.7K $26.40/SF
− Vacancy
−$66.6K −$7.66/SF
EGI
$163.1K $18.74/SF
− OpEx
−$40.8K −$4.69/SF
NOI
$122.3K $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 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%
$2,445,820
Cap Rate 7%
$1,747,014
Cap Rate 9%
$1,358,789
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,291 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,770 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
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 building - The layout combines private offices, open work areas, conference rooms, and a large breakroom.
Where is this office building located?
The property is located at 2930 Center Green Ct Boulder, CO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 8699 square feet of office space across two floors; Remodeled interior with modern finishes designed by OZ Architecture; Mix of private offices and open work areas
