Single-Story Stand-Alone Office
For Sale
Contact for pricing
4700 Walnut St, Boulder, CO 80301
Single-story office building with 22 parking spaces and a mix of offices, meeting space, recording rooms, and kitchen.
Property Size5,952 SF
Price / SF$294.02
Days on Market179
Property Features for 4700 Walnut St
General Information
Standard status
Active
Size
5,952 SF
Total Parking Spaces
22
Property subtype
OFFICE
Building Details
Buildings
1
Stories
1
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
Heidi Schamber · License #100035303
(303) 579-2407
Source:
Moodyscre
Added: Mar 28
Changed: Sep 19
Last Checked: Sep 22 at 5:59PM
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.
4700 Walnut St is a freestanding, single-story stand-alone office building offering 5,952 SF of flexible interior space. The layout includes eight offices, a large meeting area, four recording rooms, and a kitchen, supporting a range of creative or workplace uses that benefit from both private rooms and group collaboration.
On-site parking totals 22 spaces, helping accommodate employees and guests. The building is positioned along Boulder’s Walnut corridor for visibility and convenient access between downtown activity and the East Boulder innovation environment.
This property is well suited for an owner-occupant that wants a dedicated workspace with built-in recording and meeting areas, or for an organization looking for a straightforward, single-story facility with a functional mix of rooms.
On-site parking totals 22 spaces, helping accommodate employees and guests. The building is positioned along Boulder’s Walnut corridor for visibility and convenient access between downtown activity and the East Boulder innovation environment.
This property is well suited for an owner-occupant that wants a dedicated workspace with built-in recording and meeting areas, or for an organization looking for a straightforward, single-story facility with a functional mix of rooms.
Key Highlights
- Single‑story stand‑alone office building
- 5,952 SF freestanding workplace
- 22 parking spaces on‑site
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
$83,673
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
4.78%
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%
$1,673,460
$1.7M
Cap Rate 7%
$1,195,329
$1.2M
Cap Rate 9%
$929,700
$929.7K
Market Conditions
NOI Build-Up for 5,952 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
$157.1K $26.40/SF
− Vacancy
−$45.6K −$7.66/SF
EGI
$111.6K $18.74/SF
− OpEx
−$27.9K −$4.69/SF
NOI
$83.7K $14.06/SF
Area
Boulder, CO
Vacancy
29.00%
Lease Rate
$26.40 /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%
$1,673,460
Cap Rate 7%
$1,195,329
Cap Rate 9%
$929,700
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.39M
NOI $83,673 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,791 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,600
Businesses Nearby
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with 22 parking spaces and a mix of offices, meeting space, recording rooms, and kitchen.
Where is this office building located?
The property is located at 4700 Walnut St Boulder, CO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Single‑story stand‑alone office building; 5,952 SF freestanding workplace; 22 parking spaces on‑site
