Turnkey Medical/Veterinary Facility in
For Sale
Contact for pricing
5290 Manhattan Cir, Boulder, CO
7,028 SF ready for immediate use in Boulder, CO.
Property Size7,028 SF
Lot Size0.44 Acres
Price / SF$298.80
Days on Market356
Property Features for 5290 Manhattan Cir
General Information
Standard status
Active
Size
7,028 SF
Lot size
0.44 Acres
Property subtype
OFFICE
Listing Agency:
The Colorado Group, Inc.
(303) 478-1833
Listed By:
Jessica Cashmore · License #100056212
(303) 478-1833
Source:
Moodyscre
Added: Sep 4, 2025
Changed: Jul 6
Last Checked: Aug 25 at 2:56PM
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.
The property at 5290 Manhattan Circle, Boulder, CO, is a 7,028 square-foot turnkey medical/veterinary facility situated on 0.44 acres. Formerly VCA All Pets Animal Hospital, the freestanding building includes exam rooms, treatment areas, offices, kennels, and a fully built-out surgical suite. It is located in southeast Boulder, near US-36 and South Boulder Road, offering strong signage visibility from US-36 and ample parking. The property is zoned BT-1, allowing for diverse commercial uses. It is located minutes from CU Boulder and downtown, near major employers and neighborhoods, appealing to health-focused operators serving Boulder’s educated, wellness-driven community.
Key Highlights
- Turnkey 7,028 SF medical/veterinary facility ready for immediate use.
- Features a fully built‑out surgical suite, exam rooms, treatment areas, offices, and kennels.
- BT‑1 zoning allows for diverse commercial uses.
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
$124,986
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
5.95%
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%
$2,499,720
$2.5M
Cap Rate 7%
$1,785,514
$1.8M
Cap Rate 9%
$1,388,733
$1.4M
Market Conditions
NOI Build-Up for 7,028 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
$219.3K $31.20/SF
− Vacancy
−$11.0K −$1.56/SF
EGI
$208.3K $29.64/SF
− OpEx
−$83.3K −$11.86/SF
NOI
$125.0K $17.78/SF
Area
Boulder, CO
Vacancy
5.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
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%
$2,499,720
Cap Rate 7%
$1,785,514
Cap Rate 9%
$1,388,733
Alternative Uses
Best Use
Healthcare Medical
$1.79M
$1.56M – $2.08M
NOI $124,986 @ 7.0% cap · market cap 5.95%
Second Best
Office B
$1.41M
$1.24M – $1.65M
NOI $98,800 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,243 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
- VCA Broadway Animal Hospital and Pet Center — 1405 S Broadway, Boulder, CO 80305
- South Boulder Animal Hospital — 4660 Table Mesa Dr, Boulder, CO 80305
- Shinn Jennifer DVM — 5290 Manhattan Cir, Boulder, CO 80303
Frequently Asked Questions
What type of property is this?
Medical Office Space - 7,028 SF ready for immediate use in Boulder, CO.
Where is this medical office space located?
The property is located at 5290 Manhattan Cir Boulder, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Turnkey 7,028 SF medical/veterinary facility ready for immediate use.; Features a fully built‑out surgical suite, exam rooms, treatment areas, offices, and kennels.; BT‑1 zoning allows for diverse commercial uses.
