Multi-Unit Retail/Office
For Sale
Contact for pricing
1450 Main St, Longmont, CO 80501
Multi-unit retail and office property with all-wood interior, suited for owner-user or restaurant use.
Property Size5,000 SF
Price / SF$139
Days on Market103
Property Features for 1450 Main St
General Information
Standard status
Active
Size
5,000 SF
Class
C
Property subtype
Office, Retail
Lease Type
NN
Investment Type
Value Add
Net Operating Income
$70,000
Building Details
Year Built
1926
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Urban West Group, LLC
Listed By:
David Elowe · License #CO
Source:
Crexi
Added: May 27
Changed: Sep 2
Last Checked: Sep 4 at 11:16PM
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 Urban West Group, LLC
Investment Insights
Based on property information with market context.
This multi-unit retail and office building offers a flexible setup for an owner-operator or a restaurant concept. The property is described as having an all-wood interior, which can help support a warm, finished tenant experience without requiring significant cosmetic work. It is being offered for sale as a consolidated commercial asset.
Located at 1450 Main St in Longmont, Colorado, the building sits on a primary commercial street address. With multiple units included in the offering, the layout is positioned for operators who want to manage more than one space within the same property rather than leasing a single standalone suite.
From a tenant or buyer fit perspective, this is best suited for an owner user who wants the option to occupy part of the building while the remaining units can be used or leased to complement the overall business plan. The combination of retail and office configurations supports a range of street-facing services, including uses compatible with restaurant operations, consistent with the property’s stated intended fit.
Located at 1450 Main St in Longmont, Colorado, the building sits on a primary commercial street address. With multiple units included in the offering, the layout is positioned for operators who want to manage more than one space within the same property rather than leasing a single standalone suite.
From a tenant or buyer fit perspective, this is best suited for an owner user who wants the option to occupy part of the building while the remaining units can be used or leased to complement the overall business plan. The combination of retail and office configurations supports a range of street-facing services, including uses compatible with restaurant operations, consistent with the property’s stated intended fit.
Key Highlights
- Multi‑unit retail and office property built in 1926
- All‑wood interior
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
$63,788
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
9.18%
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%
$1,275,760
$1.3M
Cap Rate 7%
$911,257
$911.3K
Cap Rate 9%
$708,756
$708.8K
Market Conditions
NOI Build-Up for 5,000 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
$90.0K $18.00/SF
− Vacancy
−$5.0K −$0.99/SF
EGI
$85.1K $17.01/SF
− OpEx
−$21.3K −$4.25/SF
NOI
$63.8K $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%
$1,275,760
Cap Rate 7%
$911,257
Cap Rate 9%
$708,756
Alternative Uses
Best Use
Office B
$911.3K
$797.4K – $1.06M
NOI $63,788 @ 7.0% cap · market cap 9.18%
Second Best
Retail
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 8.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Multi-unit retail and office property with all-wood interior, suited for owner-user or restaurant use.
Where is this storefront property located?
The property is located at 1450 Main St Longmont, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Multi‑unit retail and office property built in 1926; All‑wood interior
