Flatirons Technology Park Office
5755 Central Ave Boulder, CO 80301
5755 Central Ave, Boulder, CO, 80301
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For Sale
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Two-story office building in Flatirons Technology Park.
Property Size37,240 SF
Lot Size4.37 Acres
Price / SF$255.10
Days on Market623
Property Features for 5755 Central Ave
General Information
- Standard status
- Active
- Size
- 37,240 SF
- Lot size
- 4.37 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing agency
Colorado Group
(303) 449-2131
Listed by
Jason Kruse · License #CO ER.040003091
Source
Crexi
Added: Nov 5, 2024 Updated: Jul 6 at 8:23AM Checked: Jul 21 at 5:38AM
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $983.1k | $26.40 |
| − Vacancy | −$285.1k | −$7.66 |
| EGI | $698.0k | $18.74 |
| − OpEx | −$174.5k | −$4.69 |
| NOI | $523.5k | $14.06 |
37,240 SF · lease $26.40/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.48M
$6.54M – $8.73M
NOI $523,520 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.58M
$11.01M – $14.68M
NOI $880,890 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carbon Cycle Energy
Oil & Natural Gas Company
JMA – Boulder Technology ...
Electronics & Wireless Store
Flatirons Solutions
Business Management Consultant
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FAQs
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 $9,500,000.
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.
