Second-Floor Office
For Sale
Contact for pricing
2050 Terry St, Longmont, CO 80501
712 SF office condo with elevator access and basement storage, plus exterior bathrooms on both floors.
Property Size858 SF
Price / SF$163.17
Days on Market214
Property Features for 2050 Terry St
General Information
Standard status
Active
Size
858 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Amenities
elevator
exterior bathrooms
ample parking
Building Details
Stories
2
Listing Agency:
The Group, Inc. - Horsetooth
(970) 692-4454
Listed By:
Rhett Strom
(970) 692-4454
Source:
Moodyscre
Added: Jan 8
Changed: Jul 27
Last Checked: Aug 10 at 11:01AM
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 The Group, Inc. - Horsetooth
Investment Insights
Based on property information with market context.
This second-floor office condo offers a highly functional 712 SF suite with 146 SF of basement storage. The building includes an elevator that provides direct access to the second-floor space, and exterior bathrooms are available on both floors. Ample parking supports convenient day-to-day use.
The property is located right off North Main Street, providing straightforward access for clients and staff.
Additional space is available via the included basement storage area, supporting organization and day-to-day operational needs while keeping the primary office footprint efficient.
The property is located right off North Main Street, providing straightforward access for clients and staff.
Additional space is available via the included basement storage area, supporting organization and day-to-day operational needs while keeping the primary office footprint efficient.
Key Highlights
- 712 SF office condo on the second floor
- Elevator access to the suite
- 146 SF basement storage
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
$10,946
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
7.82%
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%
$218,920
$218.9K
Cap Rate 7%
$156,371
$156.4K
Cap Rate 9%
$121,622
$121.6K
Market Conditions
NOI Build-Up for 858 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
$15.4K $18.00/SF
− Vacancy
−$849 −$0.99/SF
EGI
$14.6K $17.01/SF
− OpEx
−$3.6K −$4.25/SF
NOI
$10.9K $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%
$218,920
Cap Rate 7%
$156,371
Cap Rate 9%
$121,622
Alternative Uses
Best Use
Office B
$156.4K
$136.8K – $182.4K
NOI $10,946 @ 7.0% cap · market cap 7.82%
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
Lease Details
Yes
Paved road access
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 units - 712 SF office condo with elevator access and basement storage, plus exterior bathrooms on both floors.
Where is this office units located?
The property is located at 2050 Terry St Longmont, CO.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 712 SF office condo on the second floor; Elevator access to the suite; 146 SF basement storage
