Longmont Mixed-Use Property For
For Sale
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380 Main St, Longmont, CO 80501
Mixed-use property with restaurant and office space in Longmont.
Property Size17,500 SF
Price / SF$165.14
Days on Market156
Property Features for 380 Main St
General Information
Standard status
Active
Size
17,500 SF
Property subtype
Mixed Use, Office, Retail
Zoning
mixed use
Occupancy
50%
Investment Type
Sale/Leaseback
Net Operating Income
$150,000
Listing Agency:
1509 Lofts LLC
Listed By:
David Mot · License #FSBO
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 11 at 6:27AM
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 1509 Lofts LLC
Investment Insights
Based on property information with market context.
This mixed-use property is located in downtown Longmont. It features a 7,500-square-foot restaurant space that has been recently renovated and is currently operational. The restaurant includes multiple walk-in coolers, beer taps, a 16-foot hood, and a pizza oven. The current business, a pool hall, grosses $1 million per year and has fully trained staff. The second floor contains over 25 offices, fully air-conditioned and heated, with plumbing and kitchen facilities. The total property size is 17,500 square feet. The property is suitable for conversion into apartments or a boutique hotel. The owner is retiring due to health issues.
Key Highlights
- Prime downtown Longmont location
- Newly renovated and operating 7500 sq ft restaurant
- Existing restaurant business grossing $1 million/year with trained staff
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
$223,256
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
7.73%
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%
$4,465,120
$4.5M
Cap Rate 7%
$3,189,371
$3.2M
Cap Rate 9%
$2,480,622
$2.5M
Market Conditions
NOI Build-Up for 17,500 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
$315.0K $18.00/SF
− Vacancy
−$17.3K −$0.99/SF
EGI
$297.7K $17.01/SF
− OpEx
−$74.4K −$4.25/SF
NOI
$223.3K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /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%
$4,465,120
Cap Rate 7%
$3,189,371
Cap Rate 9%
$2,480,622
Alternative Uses
Best Use
Office B
$3.19M
$2.79M – $3.72M
NOI $223,256 @ 7.0% cap · market cap 7.73%
Second Best
Specialty Retail
$3.03M
$2.65M – $3.53M
NOI $211,916 @ 7.0% cap · market cap 7.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with restaurant and office space in Longmont.
Where is this mixed-use property located?
The property is located at 380 Main St Longmont, CO.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: Prime downtown Longmont location; Newly renovated and operating 7500 sq ft restaurant; Existing restaurant business grossing $1 million/year with trained staff
