Longmont Standalone Office Building For
For Sale
Contact for pricing
2020 Terry Street, Longmont, CO 80501
Well-maintained office building in Longmont with ample parking.
Property Size4,452 SF
Lot Size0.58 Acres
Price / SF$269.54
Days on Market155
Property Features for 2020 Terry Street
General Information
Standard status
Active
Size
4,452 SF
Lot size
0.58 Acres
Property subtype
Office
Zoning
MUC
Building Details
Year Built
1999
Listing Agency:
RE/MAX Elevate
(303) 472-2222
Listed By:
Keith Kanemoto · License #CO FA40009659
Source:
Crexi
Added: Mar 20
Changed: Aug 9
Last Checked: Aug 20 at 9:39PM
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 RE/MAX Elevate
Investment Insights
Based on property information with market context.
This standalone office building, available for sale for the first time, is situated in an office park setting. The well-maintained building provides 4,452 square feet of office space, along with a usable basement, on a 25,182 square foot lot that allows for ample parking. The suite layouts are designed to support various professional uses and can accommodate a single user or multiple tenants as configured. The property is surrounded by professional office users and is supported by nearby restaurants, retail options, and essential services. Located in North Longmont, it offers convenient access to key transportation routes, facilitating travel to Boulder, I-25, and the greater Front Range. This property is suitable for an owner-user seeking long-term stability and control over occupancy costs or for an investor looking to acquire a quality asset in a growing market.
Key Highlights
- Standalone office building in an office park setting.
- 4,452 square feet of office space plus a useable basement.**
- Generous 25,182 square foot lot providing ample parking.
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
$56,796
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
4.73%
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%
$1,135,920
$1.1M
Cap Rate 7%
$811,371
$811.4K
Cap Rate 9%
$631,067
$631.1K
Market Conditions
NOI Build-Up for 4,452 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
$80.1K $18.00/SF
− Vacancy
−$4.4K −$0.99/SF
EGI
$75.7K $17.01/SF
− OpEx
−$18.9K −$4.25/SF
NOI
$56.8K $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%
$1,135,920
Cap Rate 7%
$811,371
Cap Rate 9%
$631,067
Alternative Uses
Best Use
Office B
$811.4K
$710.0K – $946.6K
NOI $56,796 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
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
938
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building in Longmont with ample parking.
Where is this office building located?
The property is located at 2020 Terry Street Longmont, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Standalone office building in an office park setting.; 4,452 square feet of office space plus a useable basement.**; Generous 25,182 square foot lot providing ample parking.
