Mixed-Use Property with
New
For Sale
$4,500,000
1724 Broadway, Boulder, CO 80302
Office, retail, café restaurant, and event areas support multiple commercial functions in a downtown setting.
Property Size8,690 SF
Days on Market6
Property Features for 1724 Broadway
General Information
Standard status
Active
Size
8,690 SF
Property subtype
Commercial
Zoning
DT-5
Additional Details
Cap Rate
6.8%
Patio
Yes
Taxes and HOA fees
Annual Taxes
$74,621
Building Details
Building Size
8,690 SF
Year Built
1928
Buildings
1
Listing Agency:
Gibbons-White, Inc.
Listed By:
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Source:
Elliman
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 20 at 8:56AM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
The Riverside Building at 1724 Broadway is an 8,690-square-foot mixed-use property combining office, retail, café restaurant, and event space. The layout accommodates 480 people indoors and includes a 1,700-square-foot patio with capacity for 160 guests. The building is positioned directly along Boulder Creek and offers Broadway exposure.
Zoned DT-5 (Downtown 5), the property includes a design for adding 3,200 square feet of residential space. The current operator sale-leaseback is structured for 5 years, and the offering reflects a 6.8% cap rate.
Zoned DT-5 (Downtown 5), the property includes a design for adding 3,200 square feet of residential space. The current operator sale-leaseback is structured for 5 years, and the offering reflects a 6.8% cap rate.
Key Highlights
- 8,690‑square‑foot mixed‑use building at 1724 Broadway in Boulder
- Office, retail, café restaurant, and events space in one property
- Indoor capacity of 480 and outdoor capacity of 160
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
$162,599
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
3.61%
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%
$3,251,980
$3.3M
Cap Rate 7%
$2,322,843
$2.3M
Cap Rate 9%
$1,806,656
$1.8M
Market Conditions
NOI Build-Up for 8,690 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
$229.4K $26.40/SF
− Vacancy
−$12.6K −$1.45/SF
EGI
$216.8K $24.95/SF
− OpEx
−$54.2K −$6.24/SF
NOI
$162.6K $18.71/SF
Area
Boulder, CO
Vacancy
5.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,251,980
Cap Rate 7%
$2,322,843
Cap Rate 9%
$1,806,656
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,599 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$2.05M
$1.79M – $2.39M
NOI $143,328 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,557 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,369
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Apparel 30%
Shops & Services 30%
Rio Grande Mexican Restaurant
Dining
18,733 visits/mo
0.2 miles
Circle K
Shops & Services
14,196 visits/mo
0.1 miles
Billabong
Apparel
9,266 visits/mo
0.3 miles
Urban Outfitters
Apparel
4,026 visits/mo
0.3 miles
Insomnia Cookies
Dining
3,652 visits/mo
0.5 miles
Demographics for 80302, CO
27,322
Population
13,556
Households
2
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
93.9 sq mi
ZIP Area
291
Density / Sq Mi
$60,649
Median Household Income
$19,586
Median Earnings
$1,850
Median Rent
$1,123,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boulder, CO
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, retail, café restaurant, and event areas support multiple commercial functions in a downtown setting.
Where is this mixed-use property located?
The property is located at 1724 Broadway Boulder, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 8,690‑square‑foot mixed‑use building at 1724 Broadway in Boulder; Office, retail, café restaurant, and events space in one property; Indoor capacity of 480 and outdoor capacity of 160
