Longmont Mixed-Use Property For
380 Main St, Longmont, CO 80501
For Sale
Contact for pricing
Mixed-use property with restaurant and office space in Longmont.
Property Size17,500 SF
Price / SF$159.43
Days on Market247
Property Features for 380 Main St
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Listing Agency:
1509 Lofts LLC
Listed By:
David Mot
Source:
Crexi
Added: Mar 9
Changed: Nov 1
Last Checked: Nov 10 at 6:15AM
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
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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 / Yr
$236,250
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,725,000
$4.7M
Cap Rate 7%
$3,375,000
$3.4M
Cap Rate 9%
$2,625,000
$2.6M
Market Conditions
NOI Build-Up for 17,500 SF
Gross rent
$420.0K $24.00/SF
− Vacancy
−$42.0K −$2.40/SF
EGI
$378.0K $21.60/SF
− OpEx
−$141.8K −$8.10/SF
NOI
$236.3K $13.50/SF
Area
Boulder County, CO
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,725,000
Cap Rate 7%
$3,375,000
Cap Rate 9%
$2,625,000
Alternative Uses
Best Use
Mixed Use
$3.37M
$2.95M – $3.94M
NOI $236,250 @ 7.0% cap · market cap 8.47%
Second Best
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,548 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,600 @ 7.0% cap · market cap 13.25%
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
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Current Use
Location Intelligence
Trade Area within ½ mile
2,144
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Boulder County
Vacancy Rate% for Retail in West region
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 $2,790,000.
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
