1489 Arapahoe Street, Strasburg, CO 80136

Building Details

Year Built 1916 More

Listing Agency: RE/MAX FULL HOUSE INC. Show Phone

Listed By: CONNIE LYBARGER

Source: Corcoran

Added: Mar 21 Changed: Aug 8 Last Checked: Aug 18 at 7:15AM

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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 FULL HOUSE INC.

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Investment Insights

Based on property information with market context.

This property, located in Strasburg and zoned B4 Business, presents a versatile opportunity for entrepreneurs or those seeking a live-work setup. The property was fully renovated three years ago, with updates to the electrical, plumbing, drywall, paint, doors, trim, and flooring. A newer furnace and central A/C system provide climate control, complemented by modern lighting throughout. Additional upgrades include a new roof, a sprinkler system, and an en-suite bathroom. The room adjacent to the garage features a half bath, suitable for a home office, client space, or studio. The property includes a spacious backyard with a storage shed and a long driveway providing parking for multiple vehicles. The property size is 1895 square feet. This move-in-ready home offers flexibility for various business or residential needs.

Key Highlights

• Zoned B4 Business: Ideal for entrepreneurs seeking a live/work setup.
• Fully Renovated (3 years ago): Featuring updated electrical, plumbing, drywall, paint, doors, trim, and flooring.
• Newer Furnace and Central A/C: Provides year‑round comfort.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,281

Cap Rate

7.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$685,620 $685.6K

Cap Rate 7%

$489,729 $489.7K

Cap Rate 9%

$380,900 $380.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,895 SF

Gross rent

$56.9K $30.00/SF

− Vacancy

−$11.1K −$5.88/SF

EGI

$45.7K $24.12/SF

− OpEx

−$11.4K −$6.03/SF

NOI

$34.3K $18.09/SF

Area

Adams County, CO

Vacancy

19.60%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$685,620

Cap Rate 7%

$489,729

Cap Rate 9%

$380,900

Alternative Uses

Best Use

Office B

$489.7K

$428.5K – $571.4K (±1% cap)

NOI $34,281 @ 7.0% cap · market cap 7.88%

Second Best

Mixed Use

$246.7K

$215.9K – $287.8K (±1% cap)

NOI $17,269 @ 7.0% cap · market cap 3.97%

Theoretical Best

Multifamily LT 5

$27.88M

$24.40M – $32.53M (±1% cap)

NOI $1,951,686 @ 7.0% cap · market cap 448.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Building Supply Parking Lot & Garage Law Firm Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

247

Businesses Nearby

Explore this area Business Placement

Demographics for 80136, CO

6,028

Population

2,012

Households

3

Avg Household Size

39

Median Age

23%

College-Educated

96%

High-School Grad

211.8 sq mi

ZIP Area

28

Density / Sq Mi

$110,435

Median Household Income

$49,857

Median Earnings

$1,234

Median Rent

$495,700

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - Versatile, renovated live-work property in Strasburg's B4 Business zone.

Where is this live-work space located?

The property is located at 1489 Arapahoe Street Strasburg, CO.

What is the asking price?

The asking price for this property is $435,000.

What are key features of this property?

This property features: Zoned B4 Business: Ideal for entrepreneurs seeking a live/work setup.; Fully Renovated (3 years ago): Featuring updated electrical, plumbing, drywall, paint, doors, trim, and flooring.; Newer Furnace and Central A/C: Provides year‑round comfort.