Renovated Office Building For
For Sale
$4,800,000
207 Canyon Blvd, Boulder, CO 80302
Fully leased, renovated office building with outdoor courtyard near downtown.
Property Size14,466 SF
Price / SF$331.81
Days on Market192
Property Features for 207 Canyon Blvd
General Information
Standard status
Active
Size
14,466 SF
Property subtype
Commercial
Site & Location
Neighborhood
Flatirons
Building Details
Building Size
14,466 SF
Year Built
1979
Listing Agency:
Gibbons-White, Inc.
Listed By:
Angela Topel
(303) 586-5921
Source:
Elliman
Added: Apr 24
Changed: Aug 12
Last Checked: Nov 1 at 7:27AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$203,363
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,067,260
$4.1M
Cap Rate 7%
$2,905,186
$2.9M
Cap Rate 9%
$2,259,589
$2.3M
Market Conditions
NOI Build-Up for 14,466 SF
Gross rent
$381.9K $26.40/SF
− Vacancy
−$110.8K −$7.66/SF
EGI
$271.2K $18.74/SF
− OpEx
−$67.8K −$4.69/SF
NOI
$203.4K $14.06/SF
Area
Boulder, CO
Vacancy
29.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,067,260
Cap Rate 7%
$2,905,186
Cap Rate 9%
$2,259,589
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
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 Blvd 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.
