Freestanding Commercial Building For
For Sale
Contact for pricing
20 3rd Ave, Longmont, CO
Freestanding commercial building with on-site parking and flexible interior.
Property Size2,640 SF
Lot Size0.21 Acres
Price / SF$297.35
Days on Market270
Property Features for 20 3rd Ave
General Information
Standard status
Active
Size
2,640 SF
Lot size
0.21 Acres
Property subtype
RETAIL
Listing Agency:
Market Real Estate
(720) 341-5157
Listed By:
Annie Larner · License #100096639
(720) 341-5157
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Aug 21 at 12:44PM
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 Market Real Estate
Investment Insights
Based on property information with market context.
This freestanding commercial building, previously a veterinary clinic, features several sinks, laundry hook-ups, and on-site parking. The property offers potential for various uses, including professional offices, specialized retail, pet-related businesses, medical practices, or a creative studio. The building has a flexible interior and robust infrastructure. The property contains 2,640 square feet and is located in Longmont, CO.
Key Highlights
- Freestanding commercial building.
- Generous on‑site parking - a rare find downtown.
- Flexible interior adaptable to various uses (professional offices, retail, medical, studio).
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
$33,680
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
4.29%
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%
$673,600
$673.6K
Cap Rate 7%
$481,143
$481.1K
Cap Rate 9%
$374,222
$374.2K
Market Conditions
NOI Build-Up for 2,640 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
$47.5K $18.00/SF
− Vacancy
−$2.6K −$0.99/SF
EGI
$44.9K $17.01/SF
− OpEx
−$11.2K −$4.25/SF
NOI
$33.7K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /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%
$673,600
Cap Rate 7%
$481,143
Cap Rate 9%
$374,222
Alternative Uses
Best Use
Office B
$481.1K
$421.0K – $561.3K
NOI $33,680 @ 7.0% cap · market cap 4.29%
Second Best
Retail
$426.3K
$373.0K – $497.3K
NOI $29,838 @ 7.0% cap · market cap 3.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,133
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Freestanding commercial building with on-site parking and flexible interior.
Where is this office units located?
The property is located at 20 3rd Ave Longmont, CO.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Freestanding commercial building.; Generous on‑site parking - a rare find downtown.; Flexible interior adaptable to various uses (professional offices, retail, medical, studio).
