Office Building with Outdoor
20 3rd Ave, Longmont, CO 80501
For Sale
$785,000
A flexible floor plan and exterior space support a range of office configurations.
Property Size2,640 SF
Price / SF$297.35
Days on Market165
Property Features for 20 3rd Ave
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
large outdoor area
Building Details
Building Size
Year Built
Listing Agency:
Market Real Estate
Listed By:
Todd Walsh · License CO EC100077894
(303) 444-5040
Source:
Dwellingscolorado
Added: Jun 2
Changed: Nov 12
Last Checked: Nov 13 at 8:19AM
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
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Investment Insights
Based on property information with market context.
This 2,640-square-foot office building, constructed in 1979, has a flexible floor plan and an outdoor area. Its location is in a historic neighborhood in Longmont, Colorado.
Key Highlights
- 2,640‑square‑foot office building
- Built in 1979
- Outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,089
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,780
$701.8K
Cap Rate 7%
$501,271
$501.3K
Cap Rate 9%
$389,878
$389.9K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$65.9K $24.96/SF
− Vacancy
−$19.1K −$7.24/SF
EGI
$46.8K $17.72/SF
− OpEx
−$11.7K −$4.43/SF
NOI
$35.1K $13.29/SF
Area
Boulder County, CO
Vacancy
29.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,780
Cap Rate 7%
$501,271
Cap Rate 9%
$389,878
Alternative Uses
Best Use
Office B
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$796.5K
$697.0K – $929.3K
NOI $55,757 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,133
Businesses Nearby
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
$461,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Boulder County, CO
Properties on Market for Office buildings in Boulder County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A flexible floor plan and exterior space support a range of office configurations.
Where is this office building 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: 2,640‑square‑foot office building; Built in 1979; Outdoor area
