Updated Medical Office
For Sale
Contact for pricing
5330 Manhattan Circle Suites A-B, Boulder, CO 80303
BT-1 zoning supports medical use in a refreshed office condominium with private restrooms and a welcoming reception area.
Property Size1,713 SF
Price / SF$361.94
Days on Market40
Property Features for 5330 Manhattan Circle Suites A-B
General Information
Standard status
Active
Size
1,713 SF
Property subtype
Office
Zoning
BT-1 (Allows Medical Use)
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Dean Callan & Company Inc
Listed By:
Brit Banks · License #3697
(303) 449-1420
Source:
Crexi
Added: Aug 17
Changed: Sep 19
Last Checked: Sep 24 at 8:31AM
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 Inc
Investment Insights
Based on property information with market context.
Suites A and B comprise 1,713 SF of medical office space within an office condominium at 5330 Manhattan Circle. The property was built in 1980 and has updated interior finishes, a dedicated reception area, abundant natural light, and private restrooms. BT-1 zoning permits medical use, supporting both medical and professional office functions.
The property is located in South Boulder with access to US Highway 36 and regional transit. Its suite configuration and existing office improvements provide a functional setting for an owner-user seeking medical or professional workspace.
The property is located in South Boulder with access to US Highway 36 and regional transit. Its suite configuration and existing office improvements provide a functional setting for an owner-user seeking medical or professional workspace.
Key Highlights
- 1,713 SF across Suites A and B
- BT‑1 zoning allows medical use
- Updated interior finishes with reception area
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
4.91%
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 4.91%
Second Best
Office B
$344.0K
$301.0K – $401.4K
NOI $24,081 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$578.9K
$506.5K – $675.3K
NOI $40,520 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
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
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- Shinn Jennifer DVM — 5290 Manhattan Cir, Boulder, CO 80303
Frequently Asked Questions
What type of property is this?
Medical Office Space - BT-1 zoning supports medical use in a refreshed office condominium with private restrooms and a welcoming reception area.
Where is this medical office space located?
The property is located at 5330 Manhattan Circle Suites A-B Boulder, CO.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 1,713 SF across Suites A and B; BT‑1 zoning allows medical use; Updated interior finishes with reception area
