Downtown Office Building
515 Kimbark St Longmont, CO 80501
For Sale
Contact for pricing
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 Market196
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) 913-8854
Listed By:
Layne McBride · License #FA.100043911
(303) 913-8854
Source:
Moodyscre
Added: Jan 14
Changed: Jul 26
Last Checked: Jul 28 at 3:32PM
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.
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 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 | $296.5k | $18.00 |
| − Vacancy | −$16.3k | −$0.99 |
| EGI | $280.2k | $17.01 |
| − OpEx | −$70.1k | −$4.25 |
| NOI | $210.2k | $12.76 |
16,473 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.00M
$2.63M – $3.50M
NOI $210,154 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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.
