Ground-Floor Live-Work
For Sale
$425,000
1517 Easy Rider Ln #101 & 102, Boulder, CO 80304
Two connected suites offer office, studio, reception, kitchen, storage, and flexible live-work functionality.
Property Size977 SF
Days on Market25
Property Features for 1517 Easy Rider Ln #101 & 102
General Information
Standard status
Active
Size
977 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
RMX-2
Additional Details
Floor
Ground Floor
Road Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$8,223
Building Details
Building Size
977 SF
Year Built
2004
Buildings
1
Listing Agency:
Compass - Boulder
(303) 523-9289
Listed By:
Firuzeh Saidi · License ##FA.100001698
Source:
Bouldervalleyre
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 7:51PM
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 live-work property combines suites #101 and #102 within a 2004 commercial building. The interior includes two office areas, a reception entry, a 3/4 bathroom, and a sizable kitchen with storage. Floor-to-ceiling windows bring natural light throughout the space, while one reserved parking space serves the property. The RMX-2 zoning designation supports complementary uses, with art studio/workshop, office, and media production identified as uses that may be permitted through Use Review.
Set within the Holiday mixed-use neighborhood in North Boulder, the property offers access to major roads as well as nearby biking and hiking trails. Restaurants, coffee shops, the NOBO library, and other neighborhood attractions are accessible by walking or biking.
Set within the Holiday mixed-use neighborhood in North Boulder, the property offers access to major roads as well as nearby biking and hiking trails. Restaurants, coffee shops, the NOBO library, and other neighborhood attractions are accessible by walking or biking.
Key Highlights
- Two connected suites: #101 and #102
- Ground‑floor office, studio, and live‑work configuration
- Floor‑to‑ceiling windows provide natural light
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
Current Use
Lease Details
2
Office units
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Live-work space - Two connected suites offer office, studio, reception, kitchen, storage, and flexible live-work functionality.
Where is this live-work space located?
The property is located at 1517 Easy Rider Ln #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: Two connected suites: #101 and #102; Ground‑floor office, studio, and live‑work configuration; Floor‑to‑ceiling windows provide natural light
