Longmont Restaurant Investment
For Sale
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451 S Pratt Pkwy, Longmont, CO 80501
Single-tenant restaurant property with a strong lease and prime location.
Property Size6,533 SF
Lot Size0.63 Acres
Price / SF$252.41
Days on Market339
Property Features for 451 S Pratt Pkwy
General Information
Standard status
Active
Size
6,533 SF
Class
B
Lot size
0.63 Acres
Property subtype
Retail
Zoning
C-C – Commercial Community
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$115,000
Building Details
Year Built
1978
Year Renovated
2010
Buildings
1
Listing Agency:
Vanguard Development
Listed By:
Mikael van Loon · License #ER 318911
Source:
Crexi
Added: Nov 9, 2025
Changed: Oct 7
Last Checked: Oct 12 at 7:30PM
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 Vanguard Development
Investment Insights
Based on property information with market context.
This single-tenant property at 451 Ken Pratt Parkway, Longmont, CO 80501, presents an investment opportunity. The 6,553 RSF building is situated on 0.63 acres and is occupied by a tenant with a NNN lease. The property features ample parking and is located near a major intersection and residential area within a busy shopping district. The building has been renovated in 2012, 2016, and most recently. The tenant has a lease term of 5 years with a lease rate starting from $17.50/RSF NNN. The one-floor building includes landlord-owned FF&E, making it a turnkey investment. The property offers a 7% cap rate.
Key Highlights
- Stable NNN lease with a proven tenant
- Attractive 7% cap rate
- Strong lease term of 5 years at $17.50/RSF NNN
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,080
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,661,600
$1.7M
Cap Rate 7%
$1,186,857
$1.2M
Cap Rate 9%
$923,111
$923.1K
Market Conditions
NOI Build-Up for 6,533 SF
Gross rent
$117.6K $18.00/SF
− Vacancy
−$6.8K −$1.04/SF
EGI
$110.8K $16.96/SF
− OpEx
−$27.7K −$4.24/SF
NOI
$83.1K $12.72/SF
Area
Boulder County, CO
Vacancy
5.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,661,600
Cap Rate 7%
$1,186,857
Cap Rate 9%
$923,111
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $83,080 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,977 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Nykolena Catering — 1225 Ken Pratt Blvd Suite 135, Longmont, CO 80501
- Greens Point Catering — 1240 Ken Pratt Blvd #3, Longmont, CO 80501
- El Herradero Food Truck LLC — 1375 Sherman Dr, Longmont, CO 80501
- Hesher BBQ Catering — 700 Ken Pratt Blvd # 200, Longmont, CO 80501
- Craft Catering Co — 623 Ken Pratt Blvd, Longmont, CO 80504
Frequently Asked Questions
What type of property is this?
Restaurant - Single-tenant restaurant property with a strong lease and prime location.
Where is this restaurant located?
The property is located at 451 S Pratt Pkwy Longmont, CO.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Stable NNN lease with a proven tenant; Attractive 7% cap rate; Strong lease term of 5 years at $17.50/RSF NNN
