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    Single-Tenant Collision Repair Facility Title is generated by Realmo AI

    1840 Boston Avenue, Longmont, CO 80501

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    Leased NNN collision repair site with an established operator and convenient access to major regional roadways.

    Type:Retail, Industrial
    Property size:
    19,670 SF
    Price / SF:
    $210/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 1840 Boston Avenue

    General Information

    Standard status
    Active
    Size
    19,670 SF
    Property subtype
    Retail, Industrial

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Sam Crowe
    Sam Crowe

    Listing agent Sam Crowe License #FA100069540

    Listing office Blue West Capital

    Listing date May 29, 2026

    Source Crexi

    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 Blue West Capital

    HighLights

    • Single‑tenant automotive collision repair facility built in 1996 in Longmont, Colorado
    • Leased to Caliber Bodyworks of Colorado, Inc., a subsidiary of Caliber Holdings Corporation
    • Triple‑net (NNN) lease structure provides stable income
    • Located near the signalized intersection of Boston Avenue and S Hover Street
    • Convenient access to U.S. Highway 287, State Highway 119, and Interstate 25

    Overview

    This single-tenant automotive collision repair facility is offered for sale under a triple-net lease structure. The property is leased to Caliber Bodyworks of Colorado, Inc., a subsidiary of Caliber Holdings Corporation. The facility is dedicated to collision repair and is positioned to support an ongoing, service-oriented tenant operation.

    The property is located in Longmont, Colorado, near the signalized intersection of Boston Avenue and S Hover Street. The surrounding retail area includes Target, The Home Depot, King Soopers, Sam’s Club, At Home, and Discount Tire. Regional access is supported by U.S. Highway 287, State Highway 119, and Interstate 25.

    For investors seeking a stabilized, single-tenant automotive asset with NNN responsibilities, this offering provides a straightforward leasing structure centered on a specialized collision repair use. For tenant and operator considerations, the site’s configuration supports an ongoing repair workflow and is situated within a busy commercial retail corridor with nearby national retailers and convenient highway access.

    Local Financial Insights For 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 $354.1k $18.00
    − Vacancy −$36.5k −$1.85
    EGI $317.6k $16.15
    − OpEx −$95.3k −$4.84
    NOI $222.3k $11.30
    19,670 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.18M
    $2.78M – $3.71M (±1% cap)
    NOI $222,314 @ 7.0% cap · market cap 5.36%
    Second Best
    Industrial
    $2.51M
    $2.19M – $2.92M (±1% cap)
    NOI $175,381 @ 7.0% cap · market cap 4.23%
    Theoretical Best
    Office B
    $3.58M
    $3.14M – $4.18M (±1% cap)
    NOI $250,940 @ 7.0% cap · market cap 6.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Caliber Collision Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • ATM (Diamond Shamrock) — 680 Frontage Rd, Longmont, CO 80501
    • Auto appearance center — 633 frontage rd b, longmont, co 80501
    • Elite Powersports — 645 Frontage Rd, Longmont, CO 80501
    • Firestone Complete Auto Care — 940 S Hover St, Longmont, CO 80501
    • Automotive Authorities — 623 Frontage Rd #1, Longmont, CO 80501

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Weld
    State
    Colorado
    Longitude
    -105.125722
    Latitude
    40.159294

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    FAQs

    What type of property is this?
    Auto shop - Leased NNN collision repair site with an established operator and convenient access to major regional roadways.
    Where is this auto shop located?
    The property is located at 1840 Boston Avenue Longmont, CO.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: Single‑tenant automotive collision repair facility built in 1996 in Longmont, Colorado; Leased to Caliber Bodyworks of Colorado, Inc., a subsidiary of Caliber Holdings Corporation; Triple‑net (NNN) lease structure provides stable income
    (949) 270-8210 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam Crowe
    Sam Crowe
    Real Estate License ID: FA100069540
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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