North Boulder Office/Studio/Residential
For Sale
$425,000
1517 Easy Rider 101 & 102, Boulder, CO 80304
Ground floor office/studio/residential space in Holiday neighborhood, Boulder.
Property Size977 SF
Lot Size0.22 Acres
Days on Market154
Property Features for 1517 Easy Rider 101 & 102
General Information
Standard status
Active
Size
977 SF
Lot size
0.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,223
Building Details
Building Size
977 SF
Year Built
2004
Listing Agency:
Compass - Boulder
(303) 523-9289
Listed By:
Firuzeh Saidi · License ##FA.100001698
(303) 523-9289
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:50AM
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 Compass - Boulder
Investment Insights
Based on property information with market context.
This ground floor office/studio/residential space is located in North Boulder, within the Holiday mixed-use neighborhood, and offers convenient access to major roads, biking, and hiking trails. The property includes two suites, #101 and #102, in an all-office space building. Floor-to-ceiling windows provide natural light throughout the day. The interior features over $100,000 in finishes, including two office spaces, a large entry reception area, a 3/4 bathroom, and a large kitchen/storage room. One reserved parking space is included. The property is well-suited for live/creative workspace. The zoning is Residential Mixed-2 (RMX-2), which permits complementary uses. According to the Land Use code, art studios/workshops, offices, and media production may be permitted under a "Use Review". The location offers the convenience of walking or biking to restaurants, coffee shops, the NOBO library, and other attractions in North Boulder. Seller financing is available. The zoning allows for light industrial use.
Key Highlights
- Seller financing available.
- Ground floor location in North Boulder's Holiday neighborhood.
- Suitable for live/creative workspace with light industrial zoning (RMX‑2).
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
$15,842
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
3.73%
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%
$316,840
$316.8K
Cap Rate 7%
$226,314
$226.3K
Cap Rate 9%
$176,022
$176.0K
Market Conditions
NOI Build-Up for 977 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
$27.0K $27.60/SF
− Vacancy
−$1.6K −$1.66/SF
EGI
$25.3K $25.94/SF
− OpEx
−$9.5K −$9.73/SF
NOI
$15.8K $16.22/SF
Area
Boulder, CO
Vacancy
6.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
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%
$316,840
Cap Rate 7%
$226,314
Cap Rate 9%
$176,022
Alternative Uses
Best Use
Mixed Use
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 3.73%
Second Best
Office B
$196.2K
$171.7K – $228.9K
NOI $13,735 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$330.1K
$288.9K – $385.2K
NOI $23,110 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 80304, CO
27,532
Population
11,717
Households
2.3
Avg Household Size
41
Median Age
78%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,534
Median Household Income
$60,155
Median Earnings
$1,956
Median Rent
$1,166,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Ground floor office/studio/residential space in Holiday neighborhood, Boulder.
Where is this live-work space located?
The property is located at 1517 Easy Rider 101 & 102 Boulder, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Seller financing available.; Ground floor location in North Boulder's Holiday neighborhood.; Suitable for live/creative workspace with light industrial zoning (RMX‑2).
