Two-Unit Pub
New
For Sale
$2,000,000
512 Main St, Longmont, CO 80501
Includes an occupied salon suite alongside a restaurant space available for lease.
Property Size5,980 SF
Price / SF$334.45
Days on Market2
Property Features for 512 Main St
General Information
Standard status
Active
Size
5,980 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Building Details
Building Size
5,980 SF
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
Todd Walsh · License #40036156
(303) 444-5040
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 5:57AM
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.
This two-unit commercial building at 512 Main St in Longmont includes a 4,380 SF pub and a separate 1,600 SF salon suite. The salon is fully leased, while the pub space is also available for lease, providing flexibility for an owner-operator or restaurant tenant. The property contains 5,980 SF in total and was built in 1910.
Located in downtown Longmont, the building has a Walk Score of 53, a Bike Score of 81, and a Transit Score of 28. The existing configuration combines an operating pub footprint with an occupied neighboring salon, creating a straightforward layout for continued restaurant and service-oriented use.
Located in downtown Longmont, the building has a Walk Score of 53, a Bike Score of 81, and a Transit Score of 28. The existing configuration combines an operating pub footprint with an occupied neighboring salon, creating a straightforward layout for continued restaurant and service-oriented use.
Key Highlights
- 5,980 SF total building with two commercial units
- 4,380 SF pub space available for lease
- Fully leased 1,600 SF salon suite
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
$72,415
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
3.62%
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%
$1,448,300
$1.4M
Cap Rate 7%
$1,034,500
$1.0M
Cap Rate 9%
$804,611
$804.6K
Market Conditions
NOI Build-Up for 5,980 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
$107.6K $18.00/SF
− Vacancy
−$11.1K −$1.85/SF
EGI
$96.6K $16.15/SF
− OpEx
−$24.1K −$4.04/SF
NOI
$72.4K $12.11/SF
Area
Weld County, CO
Vacancy
10.30%
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%
$1,448,300
Cap Rate 7%
$1,034,500
Cap Rate 9%
$804,611
Alternative Uses
Best Use
Specialty Retail
$1.03M
$905.2K – $1.21M
NOI $72,415 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$965.5K
$844.8K – $1.13M
NOI $67,587 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office B
$1.09M
$953.6K – $1.27M
NOI $76,290 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,223
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- The Garden — 1245 Boston Ave, Longmont, CO 80501
- Chuburger at 3rd Shot — 20 S Bowen St, Longmont, CO 80501
- Mc Carthy's Pub — 30 S Main St, Longmont, CO 80501
- The Longmont Axe House — 333 1st Ave #1, Longmont, CO 80501
- Sugarbeet — 101 Pratt St, Longmont, CO 80501
Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes an occupied salon suite alongside a restaurant space available for lease.
Where is this bar & pub located?
The property is located at 512 Main St Longmont, CO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,980 SF total building with two commercial units; 4,380 SF pub space available for lease; Fully leased 1,600 SF salon suite
