Remodeled Historic Business
429 3rd St Berthoud, CO 80513
For Sale
$1,100,000
Red-brick business block with extensive 2022 upgrades and multiple existing tenants.
Property Size3,000 SF
Price / SF$366.67
Days on Market151
Property Features for 429 3rd St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1904
Listing Agency:
(303) 444-4344
Listed By:
Market Real Estate
(303) 444-4344
Source:
Xome
Added: Feb 23
Changed: Jul 24
Last Checked: Jul 24 at 5:23AM
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 Market Real Estate
Investment Insights
Based on property information with market context.
The Kee Building is a classic red-brick “business block” with historic character and extensive modernization. The property was beautifully and extensively remodeled in 2022, including new commercial windows and doors, updated wiring and electrical panels, refreshed plumbing and fixtures, new flooring and lighting, and upgraded heating and cooling systems. Exterior improvements include an exterior deck and stairs, partial brick replacement and tuckpointing, fresh paint with a custom handrail, a new concrete walkway, and updated gutters and downspouts.
The building is located at 429 3rd St in Downtown Berthoud. It is described as a mixed-use asset offering both commercial and residential opportunities. Current tenants listed include You + Me Floral, Tru Penny Aesthetics, and K9 Wisdom.
The property is being offered for sale as an income-producing building, with a broker available for the rent roll and financial summary.
The building is located at 429 3rd St in Downtown Berthoud. It is described as a mixed-use asset offering both commercial and residential opportunities. Current tenants listed include You + Me Floral, Tru Penny Aesthetics, and K9 Wisdom.
The property is being offered for sale as an income-producing building, with a broker available for the rent roll and financial summary.
Key Highlights
- Year built 1904 red‑brick business block in Downtown Berthoud with historic character
- Extensively remodeled in 2022 with new commercial windows/doors, updated wiring and electrical panels, and refreshed plumbing/fixtures
- Upgraded heating and cooling systems plus new flooring, lighting, gutters, and downspouts
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 | $60.8k | $20.28 |
| − Vacancy | −$4.1k | −$1.38 |
| EGI | $56.7k | $18.90 |
| − OpEx | −$14.2k | −$4.73 |
| NOI | $42.5k | $14.18 |
3,000 SF · lease $20.28/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$607.5K
$531.6K – $708.8K
NOI $42,527 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$805.2K
$704.6K – $939.5K
NOI $56,367 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Red-brick business block with extensive 2022 upgrades and multiple existing tenants.
Where is this office building located?
The property is located at 429 3rd St Berthoud, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Year built 1904 red‑brick business block in Downtown Berthoud with historic character; Extensively remodeled in 2022 with new commercial windows/doors, updated wiring and electrical panels, and refreshed plumbing/fixtures; Upgraded heating and cooling systems plus new flooring, lighting, gutters, and downspouts
