Multi-Tenant Office
New
For Sale
Contact for pricing
5303 Spine Rd, Boulder, CO 80301
Renovated shared areas and updated office suites support a range of professional users.
Property Size30,548 SF
Price / SF$193.14
Days on Market3
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Property Features for 5303 Spine Rd
General Information
Standard status
Active
Size
30,548 SF
Elevators
Yes
Property subtype
OFFICE
Net Operating Income
$5,900,178
Additional Details
Cap Rate
8%
Highway Access
Yes
Amenities
shared conference facilities
full kitchen/breakroom setups
modern restrooms
high-speed data infrastructure
24/7 keycard access
multi-zone HVAC
full ADA accessibility
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Dean Callan & Company
(303) 449-1420
Listed By:
Christian Smith · License #COLORADO100054055
(720) 530-0174
Source:
Moodyscre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:58AM
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 Dean Callan & Company
Investment Insights
Based on property information with market context.
This 30,548-square-foot office property is arranged across two floors with suites featuring private perimeter offices, extensive glazing, and natural light. Shared facilities include conference rooms, kitchen and breakroom areas, and restrooms. Building features include elevator service, multi-zone HVAC, 24/7 keycard entry, high-speed data infrastructure, and ADA accessibility. Common areas and suite finishes have been updated.
At 5303 Spine Road in Boulder, the property is near Gunbarrel Center and retail plazas with King Soopers, Starbucks, and other dining and service businesses. The site is adjacent to the CO-119 corridor and near Highway 52, with regional transit connections along the corridor.
At 5303 Spine Road in Boulder, the property is near Gunbarrel Center and retail plazas with King Soopers, Starbucks, and other dining and service businesses. The site is adjacent to the CO-119 corridor and near Highway 52, with regional transit connections along the corridor.
Key Highlights
- 30,548‑square‑foot office building with a multi‑tenant suite layout
- Two floors with perimeter private offices, broad glazing, and natural light
- Shared conference rooms, kitchen and breakroom areas, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$429,444
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,588,880
$8.6M
Cap Rate 7%
$6,134,914
$6.1M
Cap Rate 9%
$4,771,600
$4.8M
Market Conditions
NOI Build-Up for 30,548 SF
Gross rent
$806.5K $26.40/SF
− Vacancy
−$233.9K −$7.66/SF
EGI
$572.6K $18.74/SF
− OpEx
−$143.1K −$4.69/SF
NOI
$429.4K $14.06/SF
Area
Boulder, CO
Vacancy
29.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,588,880
Cap Rate 7%
$6,134,914
Cap Rate 9%
$4,771,600
Alternative Uses
Best Use
Office B
$6.13M
$5.37M – $7.16M
NOI $429,444 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.32M
$9.03M – $12.04M
NOI $722,595 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
Median Home Value
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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 - Renovated shared areas and updated office suites support a range of professional users.
Where is this office building located?
The property is located at 5303 Spine Rd Boulder, CO.
What is the asking price?
The asking price for this property is $5,900,178.
What are key features of this property?
This property features: 30,548‑square‑foot office building with a multi‑tenant suite layout; Two floors with perimeter private offices, broad glazing, and natural light; Shared conference rooms, kitchen and breakroom areas, and restrooms
