Three-Story Brick Office
For Sale
$1,350,000
24 9th Ave, Longmont, CO 80501
MU-E zoning and month-to-month tenant leases offer flexibility for continued occupancy or a change in use, subject to approval.
Property Size7,204 SF
Price / SF$187.40
Days on Market257
Property Features for 24 9th Ave
General Information
Standard status
Active
Size
7,204 SF
Property subtype
Office
Zoning
MU-E
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$25,914
Amenities
additional storage space
Building Details
Building Size
7,204 SF
Year Built
1985
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
1st Realty Associates Inc
Listed By:
Brittany Rusaw
(720) 352-9824
Source:
Dwellingscolorado
Added: Feb 12
Changed: Oct 27
Last Checked: Oct 27 at 3:59AM
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 1st Realty Associates Inc
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Investment Insights
Based on property information with market context.
Built in 1985, this three-story brick office building contains 7,204 square feet and has a full-glass south elevation that brings natural light into the property. Additional storage is located behind the building. Existing tenants are on month-to-month leases, and the property is zoned MU-E.
The MU-E designation supports commercial and mixed-use possibilities, including live/work or residential components alongside office or other commercial space, subject to municipal approval. Current lease terms allow for tenant occupancy to change without waiting for long-term leases to expire.
The MU-E designation supports commercial and mixed-use possibilities, including live/work or residential components alongside office or other commercial space, subject to municipal approval. Current lease terms allow for tenant occupancy to change without waiting for long-term leases to expire.
Key Highlights
- 7,204‑square‑foot, three‑story office building
- Brick construction with a full‑glass south elevation
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,750
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,915,000
$1.9M
Cap Rate 7%
$1,367,857
$1.4M
Cap Rate 9%
$1,063,889
$1.1M
Market Conditions
NOI Build-Up for 7,204 SF
Gross rent
$179.8K $24.96/SF
− Vacancy
−$52.1K −$7.24/SF
EGI
$127.7K $17.72/SF
− OpEx
−$31.9K −$4.43/SF
NOI
$95.7K $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%
$1,915,000
Cap Rate 7%
$1,367,857
Cap Rate 9%
$1,063,889
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,750 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.54M
NOI $152,148 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,568
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - MU-E zoning and month-to-month tenant leases offer flexibility for continued occupancy or a change in use, subject to approval.
Where is this office building located?
The property is located at 24 9th Ave Longmont, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 7,204‑square‑foot, three‑story office building; Brick construction with a full‑glass south elevation; Built in 1985
