Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    589 S Hover St Longmont, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Longmont, Colorado shopping center.

    Type:RETAIL
    Property size:
    2,200 SF
    Lot size:
    1.13 Acres
    Added:
    May 15, 2023
    Days on Market:
    1076
    Last Refresh:
    Apr 5 at 9:41 pm

    Property Features for 589 S Hover St

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Lot size
    1.13 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 589 S Hover St Contact us

    We can help!

    Listing Contact
    Tami Lord
    Tami Lord

    Listing agent Tami Lord

    Listing office SRS Real Estate Partners | Denver

    Listing date May 15, 2023

    Source Moodyscre

    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 SRS Real Estate Partners | Denver

    Overview

    Retail Space in Target Anchored Center

    This retail space is located in a Target-anchored shopping center at a signalized intersection directly across from Village at the Peaks in Longmont, Colorado. The property offers 2,200 square feet of space and is fully built out as a Quick Service Restaurant (QSR). The property is suitable for retail, restaurant, or shopping center businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AT&T Store Mobile Phone Store Fit Republic Longmont Physician AFC Urgent Care ... Medical Clinic Floyd's 99 Barbershop Barber Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Village at the Peaks — 1250 S Hover St, Longmont, CO 80501
    • St Vrain Shopping Center — 965 S Hover St, Longmont, CO 80501
    • The Design Center :: Shopping & Office Complex — 1430 Nelson Rd, Longmont, CO 80501
    • Twin Peaks Square — 800 Hover St, Longmont, CO 80501
    • Coinstar Kiosk | Bitcoin ATM — Kroger - King Soopers, 995 S Hover St, Longmont, CO 80501

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Weld
    State
    Colorado
    Longitude
    -105.132
    Latitude
    40.1528

    Nearby Similar for Lease

    • $9 SF/Yr

      Longmont Industrial Park Flex Space

      Versatile flex space in Longmont Industrial Park available for sublease.
      711 S Bowen St, Longmont, CO 80501
      View Details
    • $10 SF/Yr

      Longmont Office Space Available

      Office space with conference rooms and storage in Longmont.
      4328 State Highway 66, Longmont, CO 80504
      View Details
    • $1,995/Mo

      Downtown Longmont Commercial Space Available

      Prime Main Street location, flexible layout, historic building with classic charm.
      941 Main St, Unit B1, Longmont, CO 80501
      View Details
    • $16 SF/Yr

      Niwot Office Condo with Views

      Bright office condo in Niwot with mountain views and fireplaces.
      7102 La Vista Pl, Longmont, CO 80503
      View Details
    • $16 SF/Yr

      Renovated Office Space in Longmont

      Turn-key office space with modern finishes and ample amenities.
      755 Delaware Avenue, Longmont, CO
      View Details
    • $3,750/Mo

      Longmont Flex Office with Storage

      Flex office space with shop area and outdoor storage.
      10767 Turner Blvd, Longmont, CO
      View Details
    • $2,200/Mo

      Downtown Longmont Office Space

      290 SF office space in vibrant downtown Longmont.
      251 Main St, Longmont, CO
      View Details
    • $14 SF/Yr

      Longmont Waterfront Flex Space Available

      Updated flex spaces on the scenic St. Vrain River.
      105 S Sunset St, Longmont, CO
      View Details
    • $20 SF/Yr

      Prime Corner Retail/Office Space

      High-visibility retail/office spaces in Longmont's historic downtown.
      202 Main Street, Longmont, CO, 80501
      View Details
    • $13 SF/Yr

      Longmont Retail Space For Lease

      Retail spaces available in southwest Longmont with high foot traffic.
      800 S Hover St, Longmont, CO
      View Details
    • $13 SF/Yr

      Longmont Flex Space Available

      Large flex space with offices, warehouse, and convenient amenities.
      1821 Lefthand Cir, Longmont, CO
      View Details
    • $875/Mo

      Class A Office Space Available

      Longmont Class A office space with mountain views for rent.
      825 Delaware Ave, Longmont, CO
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Longmont, Colorado shopping center.
    Where is this shopping center located?
    The property is located at 589 S Hover St Longmont, CO.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Target anchored shopping center; Fully built out QSR; Located at a signalized intersection
    (702) 232-8869 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tami Lord
    Tami Lord
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!