Listing Agency: Gibbons-White Inc

Listed By: Michael-Ryan McCarty · License #CO FA.040029628 Show Phone

Source: Crexi

Added: Jul 22 Changed: Sep 3 Last Checked: Oct 16 at 9:30AM

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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 Gibbons-White Inc

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Investment Insights

Based on property information with market context.

This second-floor office condominium features hardwood flooring, three private offices, an open work area, and a large kitchenette. The restroom includes a shower, while operable windows on both the east and west sides provide natural ventilation. The property measures 1,162 square feet and is configured for professional office use within a finished commercial setting.

BC-1 zoning allows a broad range of office, retail, personal service, wellness, and fitness uses. The property is near the intersection of 55th Street and Arapahoe Avenue, with monument signage available for added property identification.

Key Highlights

• 1,162‑square‑foot second‑floor office condominium
• Three private offices plus an open work area
• Hardwood floors and a large kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,335

Cap Rate

3.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$326,700 $326.7K

Cap Rate 7%

$233,357 $233.4K

Cap Rate 9%

$181,500 $181.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,162 SF

Gross rent

$30.7K $26.40/SF

− Vacancy

−$8.9K −$7.66/SF

EGI

$21.8K $18.74/SF

− OpEx

−$5.4K −$4.69/SF

NOI

$16.3K $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%

$326,700

Cap Rate 7%

$233,357

Cap Rate 9%

$181,500

Alternative Uses

Best Use

Office B

$233.4K

$204.2K – $272.3K (±1% cap)

NOI $16,335 @ 7.0% cap · market cap 3.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$392.7K

$343.6K – $458.1K (±1% cap)

NOI $27,486 @ 7.0% cap · market cap 6.47%

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

Colleen Gagliardi, ND ... Alternative Medicine Practice Timothy Mazzola, MD, ... Physician OsteoStrong Boulder Gym & Fitness Center Breakthrough Regenerative Orthopedics Medical Clinic Jeanelle & Sayres Law ... Law Firm

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Electrical Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,977

Businesses Nearby

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office units - BC-1 zoning supports office, retail, personal service, wellness, and fitness uses.

Where is this office units located?

The property is located at 5420 Arapahoe Avenue Boulder, CO.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1,162‑square‑foot second‑floor office condominium; Three private offices plus an open work area; Hardwood floors and a large kitchenette