Downtown Office Building
For Sale
Contact for pricing
515 Kimbark St, Longmont, CO 80501
Own or lease office space in Downtown Longmont, with existing leases and room to expand within the building.
Property Size16,473 SF
Price / SF$252.69
Days on Market95
Property Features for 515 Kimbark St
General Information
Standard status
Active
Size
16,473 SF
Property subtype
OFFICE
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
Layne McBride · License #FA.100043911
(303) 913-8854
Source:
Moodyscre
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 26 at 7:22PM
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 The Colorado Group, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Downtown Longmont office property offers a flexible setup for an owner-user, with the ability to occupy a majority of the building while generating income from current leases in place. The configuration also allows for expansion into the remainder of the building over time.
The property is marketed as an opportunity to own office space in the heart of Downtown Longmont, with the current leased arrangement supporting ongoing cash flow. It is also positioned for buyers interested in alternative plans, including redevelopment.
The offering includes both the option to purchase and the option to lease, depending on the intended operating strategy. Additional details regarding the building’s layout, unit mix, and lease terms are not provided in the available information.
The property is marketed as an opportunity to own office space in the heart of Downtown Longmont, with the current leased arrangement supporting ongoing cash flow. It is also positioned for buyers interested in alternative plans, including redevelopment.
The offering includes both the option to purchase and the option to lease, depending on the intended operating strategy. Additional details regarding the building’s layout, unit mix, and lease terms are not provided in the available information.
Key Highlights
- Own or lease office space in Downtown Longmont.
- Existing leases in place provide income potential.
- Opportunity for an owner‑user to occupy the majority of the building and expand later.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,946
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,378,920
$4.4M
Cap Rate 7%
$3,127,800
$3.1M
Cap Rate 9%
$2,432,733
$2.4M
Market Conditions
NOI Build-Up for 16,473 SF
Gross rent
$411.2K $24.96/SF
− Vacancy
−$119.2K −$7.24/SF
EGI
$291.9K $17.72/SF
− OpEx
−$73.0K −$4.43/SF
NOI
$218.9K $13.29/SF
Area
Boulder County, CO
Vacancy
29.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,378,920
Cap Rate 7%
$3,127,800
Cap Rate 9%
$2,432,733
Alternative Uses
Best Use
Office B
$3.13M
$2.74M – $3.65M
NOI $218,946 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $347,910 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,223
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Own or lease office space in Downtown Longmont, with existing leases and room to expand within the building.
Where is this office building located?
The property is located at 515 Kimbark St Longmont, CO.
What is the asking price?
The asking price for this property is $4,162,500.
What are key features of this property?
This property features: Own or lease office space in Downtown Longmont.; Existing leases in place provide income potential.; Opportunity for an owner‑user to occupy the majority of the building and expand later.
