Medical Office Suite with
3400 Penrose Pl, Boulder, CO 80301
For Sale
Contact for pricing
Medical office suite features an open layout with infrastructure and hookups for four chairs plus imaging and sterilization rooms.
Property Size1,377 SF
Price / SF$381.26
Days on Market426
Property Features for 3400 Penrose Pl
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Amenities
Imaging/X-Ray Room
Sterilization & Lab Room
Consultation Office
Breakroom
Reception
Private Restroom
on-site parking
Listing Agency:
Gibbons-White, Inc.
(303) 442-1040
Listed By:
Chris Boston · License #IR.040026406
(303) 586-5930
Source:
Moodyscre
Added: Sep 10, 2025
Changed: Nov 7
Last Checked: Nov 8 at 5:21AM
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.
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Investment Insights
Based on property information with market context.
This medical office suite was previously occupied by an orthodontist and is well suited for dental and medical office use with existing infrastructure in place. The suite includes an open area with hookups for four chairs, an imaging/x-ray room, sterilization and lab room, consultation office, breakroom, reception, and a private restroom.
The property offers abundant on-site parking and is located in Boulder with easy access to Foothills Parkway.
Current OA dues are $1,600 per month.
The property offers abundant on-site parking and is located in Boulder with easy access to Foothills Parkway.
Current OA dues are $1,600 per month.
Key Highlights
- Medical/dental office suite previously occupied by an orthodontist—ideal for dental or medical office use with existing infrastructure
- Open layout with existing infrastructure and hookups for four chairs
- Includes imaging/x‑ray room, sterilization and lab room, consultation office, reception, breakroom, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,489
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,780
$489.8K
Cap Rate 7%
$349,843
$349.8K
Cap Rate 9%
$272,100
$272.1K
Market Conditions
NOI Build-Up for 1,377 SF
Gross rent
$43.0K $31.20/SF
− Vacancy
−$2.1K −$1.56/SF
EGI
$40.8K $29.64/SF
− OpEx
−$16.3K −$11.86/SF
NOI
$24.5K $17.78/SF
Area
Boulder, CO
Vacancy
5.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,780
Cap Rate 7%
$349,843
Cap Rate 9%
$272,100
Alternative Uses
Best Use
Healthcare Medical
$349.8K
$306.1K – $408.2K
NOI $24,489 @ 7.0% cap · market cap 4.66%
Second Best
Office B
$276.5K
$242.0K – $322.6K
NOI $19,358 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$465.3K
$407.2K – $542.9K
NOI $32,572 @ 7.0% cap · market cap 6.20%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Boulder
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite features an open layout with infrastructure and hookups for four chairs plus imaging and sterilization rooms.
Where is this medical office space located?
The property is located at 3400 Penrose Pl Boulder, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Medical/dental office suite previously occupied by an orthodontist—ideal for dental or medical office use with existing infrastructure; Open layout with existing infrastructure and hookups for four chairs; Includes imaging/x‑ray room, sterilization and lab room, consultation office, reception, breakroom, and private restroom
