Longmont Office Condominium For
For Sale
$383,000
2050 Terry Street, Longmont, CO 80501
1,704 SF office condominium in a prime Longmont location.
Property Size1,704 SF
Price / SF$224.77
Days on Market197
Property Features for 2050 Terry Street
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Office
Listing Agency:
CBRE Inc
Listed By:
TJ Antinora · License #100037168
(970) 402-5170
Source:
Cbre
Added: Mar 25
Changed: Sep 29
Last Checked: Oct 5 at 3:08PM
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 CBRE Inc
Investment Insights
Based on property information with market context.
Located in the northern Longmont business trade area, Terry Street Condominiums offer a 1,704 SF office condominium. The 2-story brick office building is situated in north Longmont, near Highway 287 and Main Street. The property is suitable for medical, legal, and financial services. The property has 38 shared parking spaces.
Key Highlights
- Prime location in north Longmont, close to Hwy 287/Main St.
- 1,704 SF office condominium.
- Ideal for medical, legal, and financial services industries.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,648
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,960
$453.0K
Cap Rate 7%
$323,543
$323.5K
Cap Rate 9%
$251,644
$251.6K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$42.5K $24.96/SF
− Vacancy
−$12.3K −$7.24/SF
EGI
$30.2K $17.72/SF
− OpEx
−$7.5K −$4.43/SF
NOI
$22.6K $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%
$452,960
Cap Rate 7%
$323,543
Cap Rate 9%
$251,644
Alternative Uses
Best Use
Office B
$323.5K
$283.1K – $377.5K
NOI $22,648 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.1K
$449.9K – $599.8K
NOI $35,988 @ 7.0% cap · market cap 9.40%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 units - 1,704 SF office condominium in a prime Longmont location.
Where is this office units located?
The property is located at 2050 Terry Street Longmont, CO.
What is the asking price?
The asking price for this property is $383,000.
What are key features of this property?
This property features: Prime location in north Longmont, close to Hwy 287/Main St.; 1,704 SF office condominium.; Ideal for medical, legal, and financial services industries.
