Office Suite with Conference
For Sale
Contact for pricing
3020 Carbon Pl, Boulder, CO 80301
Suite 205 includes three private offices, a conference room, and open work space with concrete floors and open ceiling.
Property Size2,579 SF
Price / SF$220.05
Days on Market437
Property Features for 3020 Carbon Pl
General Information
Standard status
Active
Size
2,579 SF
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
Liz Amaro
(720) 244-9902
Source:
Moodyscre
Added: Jul 10, 2025
Changed: Sep 8
Last Checked: Sep 19 at 7:51AM
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 The Colorado Group, Inc.
Investment Insights
Based on property information with market context.
Suite 205 at Steel Yards is an office suite designed with three private offices, one conference room, and an open work space. Interior finishes include concrete floors and an open ceiling, intended to support a bright, modern workplace environment.
The suite offers a significant amount of natural light and includes mountain views.
Steel Yards is a mixed-use development incorporating retail, office, service industrial, light industrial, market-rate residential, and affordable residential in a live-work setting. Planned and entitled as a project by Coburn Development, Inc., it connects a broader commercial core across ten acres of land with pedestrian, transit, and vehicular access.
The suite offers a significant amount of natural light and includes mountain views.
Steel Yards is a mixed-use development incorporating retail, office, service industrial, light industrial, market-rate residential, and affordable residential in a live-work setting. Planned and entitled as a project by Coburn Development, Inc., it connects a broader commercial core across ten acres of land with pedestrian, transit, and vehicular access.
Key Highlights
- Suite 205 office layout: three private offices plus one conference room
- Open work space with concrete floors and open ceiling
- Natural light with mountain views
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
$36,256
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
6.39%
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%
$725,120
$725.1K
Cap Rate 7%
$517,943
$517.9K
Cap Rate 9%
$402,844
$402.8K
Market Conditions
NOI Build-Up for 2,579 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
$68.1K $26.40/SF
− Vacancy
−$19.7K −$7.66/SF
EGI
$48.3K $18.74/SF
− OpEx
−$12.1K −$4.69/SF
NOI
$36.3K $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%
$725,120
Cap Rate 7%
$517,943
Cap Rate 9%
$402,844
Alternative Uses
Best Use
Office B
$517.9K
$453.2K – $604.3K
NOI $36,256 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$871.5K
$762.6K – $1.02M
NOI $61,005 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Suite 205 includes three private offices, a conference room, and open work space with concrete floors and open ceiling.
Where is this office units located?
The property is located at 3020 Carbon Pl Boulder, CO.
What is the asking price?
The asking price for this property is $567,500.
What are key features of this property?
This property features: Suite 205 office layout: three private offices plus one conference room; Open work space with concrete floors and open ceiling; Natural light with mountain views
