Renovated Office Building For
For Sale
$4,800,000
207 Canyon, Boulder, CO 80302
Fully leased, renovated office building with outdoor courtyard near downtown.
Property Size14,466 SF
Price / SF$331.81
Days on Market101
Property Features for 207 Canyon
General Information
Standard status
Active
Size
14,466 SF
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
Gibbons-White, Inc.
(303) 586-5939
Listed By:
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 1:05PM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This 14,466 square foot office building is fully leased to four tenants. The property has been completely renovated and modernized. It features views and an outdoor courtyard with workspaces, as well as common showers. There are 31 reserved parking spaces for the property, with additional shared spaces. The building is located just west of downtown Boulder, across from Boulder Creek and Eben G. Fine Park, in a tranquil setting. The bike score is 100, indicating it is a biker's paradise. The walk score is 98, indicating it is a walker's paradise. The transit score is 58, indicating good transit.
Key Highlights
- Fully Leased to 4 Tenants: Provides immediate income.
- Completely Renovated & Modernized: Offers a contemporary space.
- Prime Location: Just West of Downtown Boulder, across from Boulder Creek & Eben G. Fine Park.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $381.9k | $26.40 |
| − Vacancy | −$110.8k | −$7.66 |
| EGI | $271.2k | $18.74 |
| − OpEx | −$67.8k | −$4.69 |
| NOI | $203.4k | $14.06 |
14,466 SF · lease $26.40/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.91M
$2.54M – $3.39M
NOI $203,363 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,185 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 80302, CO
27,322
Population
13,556
Households
2
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
93.9 sq mi
ZIP Area
291
Density / Sq Mi
$60,649
Median Household Income
$19,586
Median Earnings
$1,850
Median Rent
$1,123,800
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 - Fully leased, renovated office building with outdoor courtyard near downtown.
Where is this office building located?
The property is located at 207 Canyon Boulder, CO.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Fully Leased to 4 Tenants: Provides immediate income.; Completely Renovated & Modernized: Offers a contemporary space.; Prime Location: Just West of Downtown Boulder, across from Boulder Creek & Eben G. Fine Park.
