Second-Floor Office Suite with
For Sale
Contact for pricing
4735 Walnut St, Boulder, CO 80301
Second-floor office space with floor-to-ceiling windows, two entrances, and an interior layout including private offices and conference rooms.
Property Size3,386 SF
Price / SF$350
Days on Market28
Property Features for 4735 Walnut St
General Information
Standard status
Active
Size
3,386 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Amenities
conference room
lockers
shower
changing facilities
electric vehicle chargers
Listing Agency:
Gibbons-White, Inc.
(303) 586-5930
Listed By:
Chris Boston · License #IR.040026406
(303) 586-5930
Source:
Moodyscre
Added: Jul 14
Changed: Jul 26
Last Checked: Aug 10 at 10:04AM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This exceptional second-floor office features abundant natural light with floor-to-ceiling windows and sweeping Flatirons views. The efficient interior is currently configured as two suites, with a combination of private offices, two conference rooms, collaborative open workspace, a storage room, a full kitchen/break room, and a private restroom.
Two separate entrances provide flexibility for multi-tenant occupancy or private client access, supported by secure key fob building access. Shared building amenities are available on the first floor, including a conference room, lockers, a shower, and changing facilities, along with shared surface parking with electric vehicle chargers. The property is adjacent to the Boulder Creek Path and the city’s multi-use trail network, and it is located minutes from restaurants, coffee shops, shopping, and other amenities.
Monthly owners association dues are currently listed as $1,873.19 for utilities, dues, and reserve. The layout and access design support either an owner-user configuration with partial occupancy or a split-use approach for generating rental income, subject to inquiry.
Two separate entrances provide flexibility for multi-tenant occupancy or private client access, supported by secure key fob building access. Shared building amenities are available on the first floor, including a conference room, lockers, a shower, and changing facilities, along with shared surface parking with electric vehicle chargers. The property is adjacent to the Boulder Creek Path and the city’s multi-use trail network, and it is located minutes from restaurants, coffee shops, shopping, and other amenities.
Monthly owners association dues are currently listed as $1,873.19 for utilities, dues, and reserve. The layout and access design support either an owner-user configuration with partial occupancy or a split-use approach for generating rental income, subject to inquiry.
Key Highlights
- Second‑floor office with floor‑to‑ceiling windows and sweeping Flatirons views
- Interior layout currently configured as two suites: 2 private offices, 2 conference rooms, open workspace, storage, kitchen/break room, and a private restroom
- Two separate entrances plus secure key fob building access for flexible multi‑tenant or private client use
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
$47,600
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
4.02%
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%
$952,000
$952.0K
Cap Rate 7%
$680,000
$680.0K
Cap Rate 9%
$528,889
$528.9K
Market Conditions
NOI Build-Up for 3,386 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
$89.4K $26.40/SF
− Vacancy
−$25.9K −$7.66/SF
EGI
$63.5K $18.74/SF
− OpEx
−$15.9K −$4.69/SF
NOI
$47.6K $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%
$952,000
Cap Rate 7%
$680,000
Cap Rate 9%
$528,889
Alternative Uses
Best Use
Office B
$680.0K
$595.0K – $793.3K
NOI $47,600 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,094 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office space with floor-to-ceiling windows, two entrances, and an interior layout including private offices and conference rooms.
Where is this office units located?
The property is located at 4735 Walnut St Boulder, CO.
What is the asking price?
The asking price for this property is $1,185,100.
What are key features of this property?
This property features: Second‑floor office with floor‑to‑ceiling windows and sweeping Flatirons views; Interior layout currently configured as two suites: 2 private offices, 2 conference rooms, open workspace, storage, kitchen/break room, and a private restroom; Two separate entrances plus secure key fob building access for flexible multi‑tenant or private client use
