Renovated Medical Office
New
For Sale
Contact for pricing
5330 Manhattan Cir, Boulder, CO 80303
Two connected suites offer bright interiors, a reception area, private restrooms, and BT-1 zoning for medical or professional office use.
Property Size1,713 SF
Price / SF$408.64
Days on Market6
Property Features for 5330 Manhattan Cir
General Information
Standard status
Active
Size
1,713 SF
Property subtype
OFFICE
Zoning
BT-1
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Building Details
Year Built
1980
Listing Agency:
Dean Callan & Company
(303) 449-1420
Listed By:
Torrey Patterson · License #3697
(303) 514-4559
Source:
Moodyscre
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 4:56AM
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 1,713-square-foot medical office condominium includes Suites A and B, measuring 786 square feet and 927 square feet, respectively. The recently renovated interiors feature abundant natural light, a professional reception area, an efficient office layout, and private restrooms. BT-1 zoning supports medical and professional office uses, while the two-suite configuration provides flexible occupancy options for an owner-user.
The property is located in South Boulder near Table Mesa Drive and Foothills Parkway, with access to US Highway 36 and the Table Mesa Park-n-Ride. Regional transit access supports commutes throughout Boulder County and the Denver Metro Area. The office condominium community occupies a building constructed in 1980.
The property is located in South Boulder near Table Mesa Drive and Foothills Parkway, with access to US Highway 36 and the Table Mesa Park-n-Ride. Regional transit access supports commutes throughout Boulder County and the Denver Metro Area. The office condominium community occupies a building constructed in 1980.
Key Highlights
- 1,713 SF medical office condominium comprising Suites A and B
- Suite A measures 786 SF; Suite B measures 927 SF
- BT‑1 zoning allows a variety of professional and medical office 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
$30,464
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
4.35%
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%
$609,280
$609.3K
Cap Rate 7%
$435,200
$435.2K
Cap Rate 9%
$338,489
$338.5K
Market Conditions
NOI Build-Up for 1,713 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
$53.4K $31.20/SF
− Vacancy
−$2.7K −$1.56/SF
EGI
$50.8K $29.64/SF
− OpEx
−$20.3K −$11.86/SF
NOI
$30.5K $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%
$609,280
Cap Rate 7%
$435,200
Cap Rate 9%
$338,489
Alternative Uses
Best Use
Healthcare Medical
$435.2K
$380.8K – $507.7K
NOI $30,464 @ 7.0% cap · market cap 4.35%
Second Best
Office B
$344.0K
$301.0K – $401.4K
NOI $24,081 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$578.9K
$506.5K – $675.3K
NOI $40,520 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80303, CO
25,328
Population
12,583
Households
2
Avg Household Size
32
Median Age
79%
College-Educated
99%
High-School Grad
21.9 sq mi
ZIP Area
1,157
Density / Sq Mi
$77,344
Median Household Income
$31,661
Median Earnings
$1,833
Median Rent
$941,600
Median Home Value
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
- South Boulder Animal Hospital — 4660 Table Mesa Dr, Boulder, CO 80305
- VCA Broadway Animal Hospital and Pet Center — 1405 S Broadway, Boulder, CO 80305
- Shinn Jennifer DVM — 5290 Manhattan Cir, Boulder, CO 80303
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two connected suites offer bright interiors, a reception area, private restrooms, and BT-1 zoning for medical or professional office use.
Where is this medical office space located?
The property is located at 5330 Manhattan Cir Boulder, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,713 SF medical office condominium comprising Suites A and B; Suite A measures 786 SF; Suite B measures 927 SF; BT‑1 zoning allows a variety of professional and medical office uses
