Modern Executive Office
For Sale
Under Contract
$540,000
4702 Larimer Pkwy, Johnstown, CO 80534
Commercial Sale, Johnstown, CO
Property Size1,579 SF
Lot Size0.25 Acres
Price / SF$341.99
Days on Market99
Property Features for 4702 Larimer Pkwy
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CC
Accessibility
Accessible Approach with Ramp
Subdivision
Larimer Pkwy Office Condos
Lot features
Corner Lot, Paved, Curbs, Gutters, Sidewalks
Elementary school
Winona
High school
Mountain View
Standard status
Active Under Contract
APN
R1671326
Size
1,579 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14644
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2020
Building materials
Frame
Roof type
Composition
Listing Agency:
Group Mulberry
(970) 221-0700
Listed By:
Jason Billings
(970) 581-6444
Added: May 15
Changed: Aug 19
Last Checked: Aug 21 at 10:06AM
MLS# 1059546
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This centrally located executive office condo offers 1,579 square feet of space with high-end modern finishes and abundant natural light. The remodeled, turn-key space includes a private executive office, four dedicated workstations, a spacious conference room, a welcoming reception area, a break room, and two private restrooms. Building signage is available, offering excellent visibility. The property is ready for immediate occupancy.
Key Highlights
- Centrally located 1,579 SF executive office condo with high‑end modern finishes.
- Turn‑key space ready for immediate occupancy.
- Includes a private executive office, four workstations, a conference room, reception area, and break room.
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
$20,144
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
3.73%
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%
$402,880
$402.9K
Cap Rate 7%
$287,771
$287.8K
Cap Rate 9%
$223,822
$223.8K
Market Conditions
NOI Build-Up for 1,579 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
$28.4K $18.00/SF
− Vacancy
−$1.6K −$0.99/SF
EGI
$26.9K $17.01/SF
− OpEx
−$6.7K −$4.25/SF
NOI
$20.1K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /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%
$402,880
Cap Rate 7%
$287,771
Cap Rate 9%
$223,822
Alternative Uses
Best Use
Office B
$287.8K
$251.8K – $335.7K
NOI $20,144 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Remodeled office condo with high-end finishes and abundant natural light.
Where is this office units located?
The property is located at 4702 Larimer Pkwy Johnstown, CO.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Centrally located 1,579 SF executive office condo with high‑end modern finishes.; Turn‑key space ready for immediate occupancy.; Includes a private executive office, four workstations, a conference room, reception area, and break room.
