Retail Redevelopment Corner
For Sale
Contact for pricing
200 N PublicRd, Lafayette, CO 80026
Redevelopment opportunity on a hard corner at 200 N Public Road in Lafayette, zoned B-1/LURA for retail and services.
Property Size8,883 SF
Price / SF$180.12
Days on Market217
Property Features for 200 N PublicRd
General Information
Standard status
Active
Size
8,883 SF
Property subtype
RETAIL
Zoning
B-1/LURA
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
Annie Larner · License #100096639
(303) 444-1344
Source:
Moodyscre
Added: Feb 19
Changed: Sep 23
Last Checked: Sep 22 at 8:30PM
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.
200 N Public Road is a for-sale redevelopment opportunity at a hard corner location in north Old Town Lafayette, positioned off Baseline Road. The City of Lafayette and Market Real Estate are seeking proposals that may include adaptive reuse of the existing structure, adaptive reuse with an addition, or a new development.
The property sits on the corner of S Public Road and E Geneseo Street, at the northern entrance to Downtown Lafayette. Zoning is B-1/LURA – Community Service Business District, intended to support retail stores and convenience services. Permitted uses include retail sales and a range of community-oriented uses such as art gallery or studio, microbrew pub, microwinery, office, personal service outlets, recreational club or facility, restaurants, and additional retail-oriented options as outlined in the Urban Renewal Plan.
For buyers and developers, the site offers flexibility across multiple redevelopment approaches while remaining aligned with the district’s community service business intent.
The property sits on the corner of S Public Road and E Geneseo Street, at the northern entrance to Downtown Lafayette. Zoning is B-1/LURA – Community Service Business District, intended to support retail stores and convenience services. Permitted uses include retail sales and a range of community-oriented uses such as art gallery or studio, microbrew pub, microwinery, office, personal service outlets, recreational club or facility, restaurants, and additional retail-oriented options as outlined in the Urban Renewal Plan.
For buyers and developers, the site offers flexibility across multiple redevelopment approaches while remaining aligned with the district’s community service business intent.
Key Highlights
- Hard corner location at 200 N Public Road on S Public Road and E Geneseo Street, at the northern entrance to Downtown Lafayette
- In the north end of Old Town Lafayette, right off Baseline Road
- Zoned B‑1/LURA – Community Service Business District, intended for retail stores and convenience services
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
$112,965
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
7.06%
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%
$2,259,300
$2.3M
Cap Rate 7%
$1,613,786
$1.6M
Cap Rate 9%
$1,255,167
$1.3M
Market Conditions
NOI Build-Up for 8,883 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
$159.9K $18.00/SF
− Vacancy
−$9.3K −$1.04/SF
EGI
$150.6K $16.96/SF
− OpEx
−$37.7K −$4.24/SF
NOI
$113.0K $12.72/SF
Area
Boulder County, CO
Vacancy
5.80%
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%
$2,259,300
Cap Rate 7%
$1,613,786
Cap Rate 9%
$1,255,167
Alternative Uses
Best Use
Retail
$2.51M
$2.20M – $2.93M
NOI $175,724 @ 7.0% cap · market cap 10.98%
Second Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,965 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,609 @ 7.0% cap · market cap 11.73%
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
964
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80026, CO
32,318
Population
14,209
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
1,436
Density / Sq Mi
$115,031
Median Household Income
$59,937
Median Earnings
$2,054
Median Rent
$664,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Redevelopment opportunity on a hard corner at 200 N Public Road in Lafayette, zoned B-1/LURA for retail and services.
Where is this storefront property located?
The property is located at 200 N PublicRd Lafayette, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Hard corner location at 200 N Public Road on S Public Road and E Geneseo Street, at the northern entrance to Downtown Lafayette; In the north end of Old Town Lafayette, right off Baseline Road; Zoned B‑1/LURA – Community Service Business District, intended for retail stores and convenience services
