Office Building Near Downtown
325 W South Boulder Rd Louisville, CO 80027
325 W South Boulder Rd, Louisville, CO, 80027
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For Sale
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Office building with good tenant mix and high visibility.
Property Size12,917 SF
Price / SF$185.80
Days on Market711
Property Features for 325 W South Boulder Rd
General Information
- Standard status
- Active
- Size
- 12,917 SF
- Property subtype
- Office
Listing Agency
Gibbons-White Inc
(303) 442-1040
Listed by
Steve Sims · License #CO EA.001312310
Source
Crexi
Added: Aug 7, 2024 Checked: Jul 15 at 9:17 pm
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 Gibbons-White Inc
Investment Insights
Based on property information with market context.
This commercial property, an office building, is priced at a 6.9% cap rate on pro forma NOI. It features a good mix of tenants, including Young Dentistry for Children and the National Institute for Trial Advocacy, with staggered expiration dates. Suite 1, comprising 1,632 square feet, and Suite 2, comprising 1,765 square feet, are currently available for a potential owner-user. The property benefits from high visibility on South Boulder Road and offers monument signage. A new HVAC system was installed, and the roof was replaced in 2017. The property is located one block from Mudrock’s Tap & Tavern, Luna Coffee, Shamrock Foodservice Warehouse, and Village Square retailers, and it is one mile from the restaurants and shops of historic downtown Louisville. The property has a total size of 12,917 square feet.
Key Highlights
- Priced at a 6.9% cap rate on pro forma NOI
- Suites available for potential owner user (1,632 sq. ft. & 1,765 sq. ft.)
- New HVAC and roof replaced in 2017
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 | $322.4k | $24.96 |
| − Vacancy | −$93.5k | −$7.24 |
| EGI | $228.9k | $17.72 |
| − OpEx | −$57.2k | −$4.43 |
| NOI | $171.7k | $13.29 |
12,917 SF · lease $24.96/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,682 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $272,807 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office building with good tenant mix and high visibility.
Where is this office building located?
The property is located at 325 W South Boulder Rd Louisville, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Priced at a 6.9% cap rate on pro forma NOI; Suites available for potential owner user (1,632 sq. ft. & 1,765 sq. ft.); New HVAC and roof replaced in 2017
