Standalone Office
For Sale
$2,200,000
6290 Lookout Rd, Boulder, CO 80301
A detached secondary structure provides an additional private office and restroom separate from the principal workspace.
Property Size7,803 SF
Price / SF$281.94
Days on Market840
Property Features for 6290 Lookout Rd
General Information
Standard status
Active
Size
7,803 SF
Net Rentable
7,803 SF
Property subtype
Commercial
Zoning
IG
Site & Location
Neighborhood
Gunbarrel
Building Details
Building Size
7,803 SF
Year Built
1981
Buildings
2
Listing Agency:
RE/MAX Alliance-Boulder
(303) 442-3180
Listed By:
James Thomas · License #100031661
(303) 543-0625
Source:
Blackfeatherrealty
Added: Jul 9, 2024
Changed: Oct 25
Last Checked: Oct 26 at 3:35AM
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 RE/MAX Alliance-Boulder
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 7,803-square-foot office property includes 12 private offices, five restrooms, a kitchen, a conference room and open-plan workspace. A separate structure offers another private office and restroom. The property was built in 1981 and has a dedicated parking lot. Zoning is IG.
Located in Gunbarrel Business Park, the property is near Lockheed Martin, Celestial Seasonings, King Soopers, Avery Brewing and Boulder Reservoir.
Located in Gunbarrel Business Park, the property is near Lockheed Martin, Celestial Seasonings, King Soopers, Avery Brewing and Boulder Reservoir.
Key Highlights
- 7,803‑square‑foot office property built in 1981
- 12 private offices, five restrooms, kitchen, conference room and open‑plan workspace
- Separate structure with a private office and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,695
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,193,900
$2.2M
Cap Rate 7%
$1,567,071
$1.6M
Cap Rate 9%
$1,218,833
$1.2M
Market Conditions
NOI Build-Up for 7,803 SF
Gross rent
$206.0K $26.40/SF
− Vacancy
−$59.7K −$7.66/SF
EGI
$146.3K $18.74/SF
− OpEx
−$36.6K −$4.69/SF
NOI
$109.7K $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%
$2,193,900
Cap Rate 7%
$1,567,071
Cap Rate 9%
$1,218,833
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,695 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,575 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
746
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A detached secondary structure provides an additional private office and restroom separate from the principal workspace.
Where is this office building located?
The property is located at 6290 Lookout Rd Boulder, CO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7,803‑square‑foot office property built in 1981; 12 private offices, five restrooms, kitchen, conference room and open‑plan workspace; Separate structure with a private office and restroom
