Two-Unit Medical
For Sale
Contact for pricing
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
Price / SF$330.17
Days on Market14
Property Features for 4795 Larimer Parkway
General Information
Standard status
Active
Size
4,846 SF
Class
B
Property subtype
Office
Zoning
PD
Occupancy
43%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$45,958
Additional Details
Floor
2
Highway Access
Yes
Office Units
2
Building Details
Year Built
2008
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
RE/MAX Commercial Alliance
(970) 222-3010
Listed By:
Nick Whitworth · License #Colorado EA100041986
Source:
Crexi
Added: Jul 23
Changed: Aug 4
Last Checked: Aug 4 at 4:10AM
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 Commercial Alliance
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.2k | $18.00 |
| − Vacancy | −$4.8k | −$0.99 |
| EGI | $82.4k | $17.01 |
| − OpEx | −$20.6k | −$4.25 |
| NOI | $61.8k | $12.76 |
4,846 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
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
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
