Flex Space
150 Martin Street, Longmont, CO 80501
For Sale
$4,175,000
For-sale flex space property offering a mix of industrial and office-oriented use options.
Property Size23,848 SF
Price / SF$175.07
Days on Market142
Property Features for 150 Martin Street
General Information
Standard status
Size
Property subtype
Listing Agency:
CBRE - Denver
Listed By:
Jeremy Kroner
(303) 264-1916
Source:
Cbre
Added: Jun 22
Changed: Oct 29
Last Checked: Nov 10 at 6:45AM
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 CBRE - Denver
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Investment Insights
Based on property information with market context.
This for-sale flex space building totals approximately 23,848 square feet and is classified for industrial, manufacturing, and office unit use. The asset is suited for businesses that need space that can accommodate both working and office functions within a single property.
Located at 150 Martin Street in Longmont, Colorado, the property’s address places it within the city market for local operators and owner-users seeking a combined industrial and office-oriented setting.
From a tenant or owner perspective, the property’s flex categorization supports a range of practical operating needs where workplace requirements may involve both production or storage activities and administrative space. This makes it a reasonable consideration for buyers looking for a single-building format rather than separating industrial space from office space across multiple facilities, subject to confirming layout and any specific suitability for your operations during due diligence.
Located at 150 Martin Street in Longmont, Colorado, the property’s address places it within the city market for local operators and owner-users seeking a combined industrial and office-oriented setting.
From a tenant or owner perspective, the property’s flex categorization supports a range of practical operating needs where workplace requirements may involve both production or storage activities and administrative space. This makes it a reasonable consideration for buyers looking for a single-building format rather than separating industrial space from office space across multiple facilities, subject to confirming layout and any specific suitability for your operations during due diligence.
Key Highlights
- Flex space property at 150 Martin Street, Longmont, CO 80501
- Built in 1960
- Offers a mix of industrial and office‑oriented use options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,181
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,963,620
$6.0M
Cap Rate 7%
$4,259,729
$4.3M
Cap Rate 9%
$3,313,122
$3.3M
Market Conditions
NOI Build-Up for 23,848 SF
Gross rent
$500.8K $21.00/SF
− Vacancy
−$42.1K −$1.76/SF
EGI
$458.7K $19.24/SF
− OpEx
−$160.6K −$6.73/SF
NOI
$298.2K $12.50/SF
Area
Boulder County, CO
Vacancy
8.40%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,963,620
Cap Rate 7%
$4,259,729
Cap Rate 9%
$3,313,122
Alternative Uses
Best Use
Flex RnD
$4.26M
$3.73M – $4.97M
NOI $298,181 @ 7.0% cap · market cap 7.14%
Second Best
Industrial
$4.13M
$3.61M – $4.82M
NOI $289,066 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$7.20M
$6.30M – $8.39M
NOI $503,670 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,578
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Longmont
Vacancy Rate% for Industrial in West region
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- Local Meal Prep — 199 S Main St, Longmont, CO 80501
- Island Woman Shanty & Modah Naycha's Creations — Main St Unit #5, Longmont, CO 80501
Frequently Asked Questions
What type of property is this?
Flex space - For-sale flex space property offering a mix of industrial and office-oriented use options.
Where is this flex space located?
The property is located at 150 Martin Street Longmont, CO.
What is the asking price?
The asking price for this property is $4,175,000.
What are key features of this property?
This property features: Flex space property at 150 Martin Street, Longmont, CO 80501; Built in 1960; Offers a mix of industrial and office‑oriented use options
