Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Professional Office/Retail Condo For Sale Title is generated by Realmo AI

    309 Park Avenue #B, Fort Lupton, CO 80621

    View on Map
    Claim this Listing
    For Sale
    $220,000

    Professional office/retail condo in Fort Lupton Professional Plaza.

    Property size:
    1,101 SF
    Price / SF:
    $199/SF
    Added:
    May 29, 2025
    Days on Market:
    368
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 309 Park Avenue #B

    General Information

    Standard status
    Active
    Size
    1,101 SF

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    CHARLES WESTRUM

    Listing agent CHARLES WESTRUM License #EA.100034754

    Listing office RE/MAX MOMENTUM

    Listing date May 29, 2025

    Source Corcoran

    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 MOMENTUM

    HighLights

    • Centrally located in historic downtown Fort Lupton, ideal for various professional uses (medical, legal, financial, service‑based).
    • Flexible 1,101 SF ground‑floor unit featuring four private offices, an open conference/reception area, kitchenette, and private restroom.
    • Low association fees (under $150/month) and ample on‑site parking (25+ shared spaces) offer affordability and convenience.
    • Zoned O‑R, supporting a wide range of professional uses.
    • Opportunity to purchase adjacent Unit C to double the square footage.
    • Unique curb appeal with Spanish architectural flair on the front façade.

    Overview

    This 1,101 square foot ground-floor condo is located in the Fort Lupton Professional Plaza. The unit features four private offices, a large open conference/reception area, a kitchenette, and a private restroom. The building's front façade incorporates Spanish architectural elements. The property is zoned O-R, supporting a range of professional uses such as medical, legal, financial, or service-based businesses. On-site parking is available with over 25 shared spaces. The association fees are under $150 per month. Located in historic downtown Fort Lupton, the unit is suitable for both owner/occupiers and investors. Unit C, located at 315 Park Ave, can be purchased to double the square footage.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $19.8k $18.00
    − Vacancy −$1.1k −$0.99
    EGI $18.7k $17.01
    − OpEx −$4.7k −$4.25
    NOI $14.0k $12.76
    1,101 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $200.7K
    $175.6K – $234.1K (±1% cap)
    NOI $14,046 @ 7.0% cap · market cap 6.38%
    Second Best
    Retail
    $177.8K
    $155.6K – $207.4K (±1% cap)
    NOI $12,444 @ 7.0% cap · market cap 5.66%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lupton
    County
    Weld
    State
    Colorado
    Longitude
    -104.812
    Latitude
    40.0826

    Nearby Similar for Sale

    • $399,000

      Fort Lupton Storefront Investment

      Storefront property in growing Colorado community with high capitalization rate.
      421 Denver Ave, Fort Lupton, CO 80621
      View Details
    • $3,590,000
      17,080 SF

      Highway 85 Vehicle Sales Property

      3.325 acre vehicle sales and service property on Highway 85.
      13030 County Road 20, Fort Lupton, CO 80621
      View Details
    • $998,000
      4,452 SF

      4,452 SF Industrial/Flex Space For Sale

      Fully occupied industrial/flex space with mini-warehouse in Fort Lupton, CO.
      1762 North Denver Avenue, Fort Lupton, CO 80621
      View Details
    • $399,000
      2,430 SF

      Prime Storefront in Fort Lupton

      Well-upgraded storefront in growing Colorado community with high traffic.
      421 Denver Avenue, Fort Lupton, CO 80621
      View Details
    • $4,750,000
      22,963 SF

      Industrial Site Near Highway 85

      6.4-acre industrial site with five buildings and outdoor storage.
      145 14th St, Fort Lupton, CO 80621
      View Details
    • $3,590,000
      17,080 SF

      Highway 85 Vehicle Sales Property

      Vehicle sales and service property on 3.325 acres.
      13030 County Road 20, Fort Lupton, CO 80621
      View Details
    • $998,000
      4,452 SF

      4,452 SF Industrial/Flex Space

      Fully occupied industrial/flex space with mini-warehouse in Fort Lupton.
      1762 North Denver Avenue, Fort Lupton, CO 80621
      View Details
    • $1,700,000
      9,600 SF

      Airplane Hangar with Runway Access

      Double-sided airplane hangar with runway access on 4.48 acres.
      7125 Parks Lane, Fort Lupton, CO 80621
      View Details
    • $1,899,000
      5,286 SF

      Equestrian Farmhouse on 10 Acres

      Spacious farmhouse with equestrian facilities near Fort Lupton, Colorado.
      9368 County Road 41, Fort Lupton, CO 80621
      View Details
    • $1,999,000
      5,286 SF

      Equestrian Farmhouse on 10 Acres

      Spacious farmhouse with equestrian facilities near Fort Lupton, Colorado.
      9368 County Road 41, Fort Lupton, CO 80621
      View Details
    • $4,500,000
      15,300 SF

      Renovated Industrial/Office Building with Yard

      Versatile industrial/office building with secured yard in Fort Lupton.
      13015 County Road 16, Fort Lupton, CO 80621
      View Details
    • $240,000
      1,101 SF

      Professional Office/Retail Condo For Sale

      Professional office/retail condo in historic downtown Fort Lupton.
      315 Park Avenue #C, Fort Lupton, CO 80621
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office/retail condo in Fort Lupton Professional Plaza.
    Where is this office units located?
    The property is located at 309 Park Avenue #B Fort Lupton, CO.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Centrally located in historic downtown Fort Lupton, ideal for various professional uses (medical, legal, financial, service‑based).; Flexible 1,101 SF ground‑floor unit featuring four private offices, an open conference/reception area, kitchenette, and private restroom.; Low association fees (under $150/month) and ample on‑site parking (25+ shared spaces) offer affordability and convenience.
    (303) 517-0579
    We can help!
    Listing Contact
    CHARLES WESTRUM
    Real Estate License ID: EA.100034754
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    309 Park Avenue #B, Fort Lupton, CO 80621
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!