2050 Terry St, Longmont, CO 80501

Building Details

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Listing Agency: The Group, Inc. - Horsetooth Show Phone

Listed By: Rhett Strom · License CO IREP22798 Show Phone

Source: Moodyscre

Added: Jan 8 Changed: Nov 2 Last Checked: Nov 12 at 7:52AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$11,404

Cap Rate

8.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,080 $228.1K

Cap Rate 7%

$162,914 $162.9K

Cap Rate 9%

$126,711 $126.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 858 SF

Gross rent

$21.4K $24.96/SF

− Vacancy

−$6.2K −$7.24/SF

EGI

$15.2K $17.72/SF

− OpEx

−$3.8K −$4.43/SF

NOI

$11.4K $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%

$228,080

Cap Rate 7%

$162,914

Cap Rate 9%

$126,711

Alternative Uses

Best Use

Office B

$162.9K

$142.6K – $190.1K (±1% cap)

NOI $11,404 @ 7.0% cap · market cap 8.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$258.9K

$226.5K – $302.0K (±1% cap)

NOI $18,121 @ 7.0% cap · market cap 12.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Elevations Credit Union ... Credit Union Northwestern Mutual Financial Advisor Daniel Bound Financial Advisor Edward Jones - Financial ... Financial Advisor Edward Jones - Financial ... Financial Advisor

Suggested Use

Top Pick Law Firm Building Supply Parking Lot & Garage Hair Salon Carpet & Flooring Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Properties on Market for Office Units in Longmont

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - 712 SF office condo with elevator access and basement storage, plus exterior bathrooms on both floors.

Where is this office unit 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