Flatirons Technology Park Office
For Sale
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5755 Central Ave, Boulder, CO 80301
Two-story office building in Flatirons Technology Park.
Property Size37,240 SF
Lot Size4.37 Acres
Price / SF$233.62
Days on Market716
Property Features for 5755 Central Ave
General Information
Standard status
Active
Size
37,240 SF
Class
B
Lot size
4.37 Acres
Property subtype
Office
Zoning
IG
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1996
Year Renovated
2014
Buildings
1
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Colorado Group
Listed By:
Jason Kruse · License #CO ER.040003091
(720) 581-7022
Source:
Crexi
Added: Nov 5, 2024
Changed: Oct 11
Last Checked: Oct 20 at 6:03PM
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 Colorado Group
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Investment Insights
Based on property information with market context.
This two-story office building is situated in the heart of Flatirons Technology Park. The entire first floor is leased to JMA Wireless, while the second floor is leased to Flatirons Solutions and two other tenants. Approximately 12,000 square feet on the first floor is available for sublease. The building is located on a 4.37-acre lot and includes 118 parking spaces. The roof was replaced, and the building was remodeled in 2014. The vacant space is move-in ready, complete with existing office furniture and cubicles. All HVAC units have been replaced since 2015, totaling 116.5 tons. The property also features one dock-high loading door. The building has a total size of 37,240 square feet.
Key Highlights
- Leased Investment Property: Generating income from established tenants.
- Prime Location: Situated in the high‑demand Flatirons Technology Park.
- Sublease Opportunity: Approx. 12,000 sq ft available for sublease on the first floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$523,520
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,470,400
$10.5M
Cap Rate 7%
$7,478,857
$7.5M
Cap Rate 9%
$5,816,889
$5.8M
Market Conditions
NOI Build-Up for 37,240 SF
Gross rent
$983.1K $26.40/SF
− Vacancy
−$285.1K −$7.66/SF
EGI
$698.0K $18.74/SF
− OpEx
−$174.5K −$4.69/SF
NOI
$523.5K $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%
$10,470,400
Cap Rate 7%
$7,478,857
Cap Rate 9%
$5,816,889
Alternative Uses
Best Use
Office B
$7.48M
$6.54M – $8.73M
NOI $523,520 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.58M
$11.01M – $14.68M
NOI $880,890 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
782
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in Flatirons Technology Park.
Where is this office building located?
The property is located at 5755 Central Ave Boulder, CO.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: Leased Investment Property: Generating income from established tenants.; Prime Location: Situated in the high‑demand Flatirons Technology Park.; Sublease Opportunity: Approx. 12,000 sq ft available for sublease on the first floor.
