Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Longmont Restaurant Investment Opportunity Title is generated by Realmo AI

    451 S Pratt Pkwy, Longmont, CO 80501

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-tenant restaurant property with a strong lease and prime location.

    Type:Retail
    Property size:
    6,533 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $252/SF
    Added:
    Nov 9, 2025
    Days on Market:
    186
    Last Refresh:
    Mar 16 at 1:31 pm

    Property Features for 451 S Pratt Pkwy

    General Information

    Standard status
    Active
    Size
    6,533 SF
    Lot size
    0.63 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Mikael van Loon

    Listing agent Mikael van Loon License #ER 318911

    Listing office Vanguard Development

    Listing date Nov 9, 2025

    Source Crexi

    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

    HighLights

    • Stable NNN lease with a proven tenant
    • Attractive 7% cap rate
    • Strong lease term of 5 years at $17.50/RSF NNN
    • Turnkey investment with landlord‑owned FF&E included
    • Recently renovated (2012, 2016, and most recently)
    • Located in a busy shopping district near a major intersection and residential area with ample parking

    Overview

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa Agave Longmont Restaurant Efrain 3 Mexican ... Restaurant Casa Agave Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Nykolena Catering — 1225 Ken Pratt Blvd Suite 135, Longmont, CO 80501
    • Craft Catering Co — 623 Ken Pratt Blvd, Longmont, CO 80504
    • Greens Point Catering — 1240 Ken Pratt Blvd #3, Longmont, CO 80501
    • Hesher BBQ Catering — 700 Ken Pratt Blvd # 200, Longmont, CO 80501
    • El Herradero Food Truck LLC — 1375 Sherman Dr, Longmont, CO 80501

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Weld
    State
    Colorado
    Longitude
    -105.1074081
    Latitude
    40.1536543

    Nearby Similar for Sale

    • $650,000
      2,628 SF

      Remodeled Duplex with Income Potential

      Fully remodeled Longmont duplex with modern finishes and income potential.
      1225 S Coffman St, Longmont, CO 80501
      View Details
    • $635,000
      3,761 SF

      Longmont Home Near Ute Creek

      Well-maintained home in Spring Valley neighborhood near Ute Creek Golf Course.
      1750 Preston Dr, Longmont, CO 80504
      View Details
    • $485,000
      4,736 SF

      Longmont Medical Office Redevelopment Opportunity

      Single-story medical office building for sale near Longmont United Hospital.
      1350 Stuart St, Longmont, CO 80501
      View Details
    • $899,000
      4,218 SF

      Freestanding Industrial Building in Longmont

      4,218 SF industrial building on 0.25 acre lot.
      104 9th, Longmont, CO 80501
      View Details
    • $605,000
      5,032 SF

      Longmont Duplex with Downtown Access

      Duplex near downtown Longmont with large yard and home warranty.
      1342 Terry St, Longmont, CO 80501
      View Details
    • $750,000

      Main Street Retail Opportunity

      Prime retail space with high visibility and flexible layout.
      624 Main St, Longmont, CO 80501
      View Details
    • $485,000
      4,736 SF

      Longmont Corner Site Near Hospital

      0.32-acre MU-N zoned site near Longmont United Hospital.
      1350 Stuart, Longmont, CO 80501
      View Details
    • $525,000

      Established Car Wash on Corner Lot

      Turnkey car wash business and real estate in Longmont, Colorado.
      390 Pratt Street, Longmont, CO 80501
      View Details
    • $1,350,000

      Longmont Mixed-Use Redevelopment Opportunity

      Three-story brick building with redevelopment potential in Longmont, Colorado.
      24 9th Ave, Longmont, CO 80501
      View Details
    • $3,200,000
      11,850 SF

      Turnkey Bingo Business Opportunity

      Profitable bingo business with a large, renovated facility for sale.
      640 19th, Longmont, CO 80501
      View Details
    • $485,000
      4,736 SF

      Longmont Medical Office Redevelopment Opportunity

      4,736 SF medical office building for sale in Longmont.
      1350 Stuart Street, Longmont, CO 80501
      View Details
    • $435,000

      Niwot Office with Sunny Patio

      Quiet office space featuring private offices, patio, and kitchenette.
      7101 La Vista 200, Longmont, CO 80503
      View Details

    FAQs

    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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mikael van Loon
    Real Estate License ID: ER 318911
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    451 S Pratt Pkwy, Longmont, CO 80501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!