Bright Office Condo For
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2930 Broadway St Unit 105 Boulder CO, Boulder, CO 80304
Modern office condo with parking in Washington Village.
Property Size1,275 SF
Price / SF$469.80
Days on Market1255
Property Features for 2930 Broadway St Unit 105 Boulder CO
General Information
Standard status
Active
Size
1,275 SF
Class
A
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
2017
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
RE/MAX Alliance - Boulder
Listed By:
Jim Thomas · License #CO
(303) 543-0625
Source:
Crexi
Added: Apr 17, 2023
Changed: Sep 12
Last Checked: Sep 22 at 1:23PM
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 RE/MAX Alliance - Boulder
Investment Insights
Based on property information with market context.
This modern and bright office condo is located in Washington Village. The 1,275 square-foot unit features a reception/waiting area, a large conference room, three private offices, a kitchenette, and a restroom. The property includes four dedicated garage parking spaces. Common amenities include a library, recreation room, lounge areas, a kitchen, and a laundry room. Situated on Broadway, just north of Ideal Market, the location provides easy access to shopping, parks, and other neighborhood amenities. The property is leased until October 2026.
Key Highlights
- Four dedicated, garage parking spaces.
- Modern office condo in Washington Village.
- Includes reception area, large conference room, three private offices, kitchenette, and restroom.
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
$17,924
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
2.99%
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%
$358,480
$358.5K
Cap Rate 7%
$256,057
$256.1K
Cap Rate 9%
$199,156
$199.2K
Market Conditions
NOI Build-Up for 1,275 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
$33.7K $26.40/SF
− Vacancy
−$9.8K −$7.66/SF
EGI
$23.9K $18.74/SF
− OpEx
−$6.0K −$4.69/SF
NOI
$17.9K $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 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%
$358,480
Cap Rate 7%
$256,057
Cap Rate 9%
$199,156
Alternative Uses
Best Use
Office B
$256.1K
$224.1K – $298.7K
NOI $17,924 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.8K
$377.0K – $502.7K
NOI $30,159 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 80304, CO
27,532
Population
11,717
Households
2.3
Avg Household Size
41
Median Age
78%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,534
Median Household Income
$60,155
Median Earnings
$1,956
Median Rent
$1,166,100
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 - Modern office condo with parking in Washington Village.
Where is this office units located?
The property is located at 2930 Broadway St Unit 105 Boulder CO Boulder, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four dedicated, garage parking spaces.; Modern office condo in Washington Village.; Includes reception area, large conference room, three private offices, kitchenette, and restroom.
