Single-Tenant Collision Repair
For Sale
Contact for pricing
1840 Boston Avenue, Longmont, CO 80501
Leased NNN collision repair site with an established operator and convenient access to major regional roadways.
Property Size19,670 SF
Price / SF$210.98
Days on Market100
Property Features for 1840 Boston Avenue
General Information
Standard status
Active
Size
19,670 SF
Property subtype
Retail, Industrial
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$230,453
Additional Details
Highway Access
Yes
Building Details
Year Built
1996
Buildings
1
Tenancy
Single
Listing Agency:
Blue West Capital
Listed By:
Brian Wolfman · License #100090116
(949) 270-8210
Source:
Crexi
Added: May 29
Changed: Aug 20
Last Checked: Sep 3 at 11:44AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
$222,314
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
5.36%
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%
$4,446,280
$4.4M
Cap Rate 7%
$3,175,914
$3.2M
Cap Rate 9%
$2,470,156
$2.5M
Market Conditions
NOI Build-Up for 19,670 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
$354.1K $18.00/SF
− Vacancy
−$36.5K −$1.85/SF
EGI
$317.6K $16.15/SF
− OpEx
−$95.3K −$4.84/SF
NOI
$222.3K $11.30/SF
Area
Weld County, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,446,280
Cap Rate 7%
$3,175,914
Cap Rate 9%
$2,470,156
Alternative Uses
Best Use
Retail
$3.18M
$2.78M – $3.71M
NOI $222,314 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$2.51M
$2.19M – $2.92M
NOI $175,381 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office B
$3.58M
$3.14M – $4.18M
NOI $250,940 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Firestone Complete Auto Care — 940 S Hover St, Longmont, CO 80501
- 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
- Automotive Authorities — 623 Frontage Rd #1, Longmont, CO 80501
Frequently Asked Questions
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
