Downtown Office Condominium
1634 Walnut St Boulder, CO 80302
For Sale
$985,000
Three commercial condominium suites in a mixed-use building, including a maintained office layout and two established tenants.
Property Size1,804 SF
Price / SF$546.01
Days on Market13
Property Features for 1634 Walnut St
General Information
- Standard status
- Active
- Size
- 1,804 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing Agency:
Robinson Investment Co., Inc.
(303) 817-8345
Listed By:
Stacy Robinson · License #100027034
(303) 817-8345
Source:
Xome
Added: Jul 12
Changed: Jul 23
Last Checked: Jul 24 at 6:01AM
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 Robinson Investment Co., Inc.
Investment Insights
Based on property information with market context.
1634 Walnut Street is a three-unit commercial condominium offering street-level space within a mixed-use building with luxury residential condominiums above. The property includes distinct commercial suites, with Arabesque Cafe operating at the location and Sage Salon operating as a one-chair boutique salon. A third suite is currently vacant, creating flexibility for a new tenant or an owner-user seeking additional space.
The maintained office suite described measures 515 square feet and includes two private offices plus a welcoming reception area, kitchenette, and shared restroom. The layout also features hard-surface flooring, abundant natural light, and one office with a private exterior entrance. Tenants and clients have access to a landscaped shared courtyard, along with ample nearby parking, public transit, bike routes, and the Boulder Creek Path.
Positioned in Downtown Boulder’s East End, the property is described as a walkable area with a mix of boutique retailers, restaurants, professional offices, and locally owned businesses. The suites are well-suited to professional use given the interior configuration, and the property offers an in-place opportunity with two established tenants plus leasing or occupancy potential through the vacant unit.
The maintained office suite described measures 515 square feet and includes two private offices plus a welcoming reception area, kitchenette, and shared restroom. The layout also features hard-surface flooring, abundant natural light, and one office with a private exterior entrance. Tenants and clients have access to a landscaped shared courtyard, along with ample nearby parking, public transit, bike routes, and the Boulder Creek Path.
Positioned in Downtown Boulder’s East End, the property is described as a walkable area with a mix of boutique retailers, restaurants, professional offices, and locally owned businesses. The suites are well-suited to professional use given the interior configuration, and the property offers an in-place opportunity with two established tenants plus leasing or occupancy potential through the vacant unit.
Key Highlights
- Three commercial condominium suites in a mixed‑use building at 1634 Walnut Street, Downtown Boulder (East End).
- 515‑SF office suite with two private offices, reception area, kitchenette, shared restroom, hard‑surface flooring, and abundant natural light.
- Office suite includes one office with a private exterior entrance.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.6k | $26.40 |
| − Vacancy | −$2.6k | −$1.45 |
| EGI | $45.0k | $24.95 |
| − OpEx | −$11.3k | −$6.24 |
| NOI | $33.8k | $18.71 |
1,804 SF · lease $26.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$482.2K
$421.9K – $562.6K
NOI $33,755 @ 7.0% cap · market cap 3.43%
Second Best
Office B
$362.3K
$317.0K – $422.7K
NOI $25,361 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$609.6K
$533.4K – $711.2K
NOI $42,673 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Yock Thomas J ...
Physician
Joanne Neiman, LPC
Counselor
Arnold Holly
Family Counselor
Regina (Reggie) Gray ...
Foster Care Service
Judith Partin Psychotherapy
Counselor
FAQs
What type of property is this?
Office units - Three commercial condominium suites in a mixed-use building, including a maintained office layout and two established tenants.
Where is this office units located?
The property is located at 1634 Walnut St Boulder, CO.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Three commercial condominium suites in a mixed‑use building at 1634 Walnut Street, Downtown Boulder (East End).; 515‑SF office suite with two private offices, reception area, kitchenette, shared restroom, hard‑surface flooring, and abundant natural light.; Office suite includes one office with a private exterior entrance.
