Two-Unit Medical
For Sale
$1,600,000
4795 Larimer Parkway, Johnstown, CO 80534
Contiguous suites offer an occupied unit alongside move-in-ready space for an owner-user or investor.
Property Size4,846 SF
Days on Market66
Property Features for 4795 Larimer Parkway
General Information
Standard status
Active
Size
4,846 SF
Class
B
Property subtype
Office
Zoning
PD
Additional Details
Floor
2
Highway Access
Yes
Office Units
2
Building Details
Building Size
4,846 SF
Year Built
2008
Buildings
1
Stories
2
Listing Agency:
RE/MAX
Listed By:
Nick Whitworth · License #COLORADOEA100041986
(970) 482-1781
Source:
Remaxcommercial
Added: Aug 3
Changed: Oct 2
Last Checked: Oct 7 at 8:27AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This medical office offering comprises two adjoining condominium units on the second floor of a two-story building. Together, Units 2A and 2B provide 4,846 square feet, with high-end finishes throughout. Unit 2A is leased, while Unit 2B is vacant and ready for occupancy. The available configuration supports continued use of both units, leasing, or a combination of occupancy and rental income.
The property is located at the I-25 and Highway 34 interchange in Johnstown, within the Northern Colorado corridor between Loveland and Greeley. The surrounding area includes retail, restaurants, and healthcare development. Zoning is PD, and the building was completed in 2008.
The property is located at the I-25 and Highway 34 interchange in Johnstown, within the Northern Colorado corridor between Loveland and Greeley. The surrounding area includes retail, restaurants, and healthcare development. Zoning is PD, and the building was completed in 2008.
Key Highlights
- Two contiguous second‑floor condominium units, Units 2A and 2B
- 4,846 SF of combined medical office space
- Unit 2A is leased and Unit 2B is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,823
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,460
$1.2M
Cap Rate 7%
$883,186
$883.2K
Cap Rate 9%
$686,922
$686.9K
Market Conditions
NOI Build-Up for 4,846 SF
Gross rent
$87.2K $18.00/SF
− Vacancy
−$4.8K −$0.99/SF
EGI
$82.4K $17.01/SF
− OpEx
−$20.6K −$4.25/SF
NOI
$61.8K $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 Rate 5%
$1,236,460
Cap Rate 7%
$883,186
Cap Rate 9%
$686,922
Alternative Uses
Best Use
Office B
$883.2K
$772.8K – $1.03M
NOI $61,823 @ 7.0% cap · market cap 3.86%
Second Best
Healthcare Medical
$59.3K
$51.9K – $69.2K
NOI $4,153 @ 7.0% cap · market cap 0.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- The Cat Doctor — 4855 A Thompson Pkwy, Johnstown, CO 80534
Frequently Asked Questions
What type of property is this?
Medical Office Space - Contiguous suites offer an occupied unit alongside move-in-ready space for an owner-user or investor.
Where is this medical office space located?
The property is located at 4795 Larimer Parkway Johnstown, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two contiguous second‑floor condominium units, Units 2A and 2B; 4,846 SF of combined medical office space; Unit 2A is leased and Unit 2B is vacant
