3000 Folsom St, Boulder, CO 80304

Building Details

Building Size 3,962 SF More

Year Built 1974 More

Tenancy Multi More

Listing Agency: Market Real Estate

Listed By: Todd Walsh · License #EC100077894 Show Phone

Source: Elliman

Added: Nov 8 Last Checked: Nov 8 at 5:15AM

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Investment Insights

Based on property information with market context.

At 3000–3004 Folsom Street, this retail property comprises four units occupied by four tenants. The businesses include hair, grooming, and fitness services, and the building has on-site parking.

The property is in central Boulder on Folsom Street.

Key Highlights

• Four retail units occupied by four tenants
• No vacant units
• Tenant businesses include hair, grooming, and fitness services

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,347

Cap Rate

3.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,306,940 $1.3M

Cap Rate 7%

$933,529 $933.5K

Cap Rate 9%

$726,078 $726.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,962 SF

Gross rent

$99.8K $25.20/SF

− Vacancy

−$6.5K −$1.64/SF

EGI

$93.4K $23.56/SF

− OpEx

−$28.0K −$7.07/SF

NOI

$65.3K $16.49/SF

Area

Boulder, CO

Vacancy

6.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,306,940

Cap Rate 7%

$933,529

Cap Rate 9%

$726,078

Alternative Uses

Best Use

Retail

$933.5K

$816.8K – $1.09M (±1% cap)

NOI $65,347 @ 7.0% cap · market cap 3.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,719 @ 7.0% cap · market cap 4.93%

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

Boulder Yoga Clinic Physician Bahama Mama Craft ... Agricultural Service Amber Buck, D.C. Alternative Medicine Practice Tree Line Premier-Boulder Landscaping Z Body Boutique Wedding Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Catering Service Butcher Carpet & Flooring Store Tanning Salon

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,092

Businesses Nearby

123k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 40% Groceries 34% Dining 25% Beauty & Spa 1%

Safeway Groceries

41,495 visits/mo 0.4 miles

Dunkin' Donuts Dining

14,566 visits/mo 0.4 miles

7-Eleven Shops & Services

10,459 visits/mo 0.1 miles

Circle K Shops & Services

9,793 visits/mo 0.3 miles

Taco Bell Dining

9,441 visits/mo 0.4 miles

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 Retail in Boulder, CO

6.9% 2020

7.8% 2021

5.8% 2022

6.5% 2023

5.8% 2024

5.2% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Fully occupied by service-oriented businesses, the property includes on-site parking and four retail units.

Where is this shopping center located?

The property is located at 3000 Folsom St Boulder, CO.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Four retail units occupied by four tenants; No vacant units; Tenant businesses include hair, grooming, and fitness services