Versatile Office/Flex Building For
For Sale
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6075 Longbow Dr, Boulder, CO 80301
39,626 SF office/flex building with income in place.
Property Size39,626 SF
Price / SF$115
Days on Market169
Property Features for 6075 Longbow Dr
General Information
Standard status
Active
Size
39,626 SF
Property subtype
Office, Industrial
Zoning
IM-E
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Dean Callan & Company Inc
(303) 449-1420
Listed By:
Craig David · License #FA 100101411
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 11 at 7:25AM
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.
The 39,626 square foot office/flex building at 6075 Longbow Drive is suitable for owner-users or investors. The property is priced at $6,540,000, or $165 per square foot, with a 7% cap rate on existing income. The IM-E zoned property features 15,177 square feet of immediately available space, including two vacant suites. Suite 200 offers 9,856 square feet with a reception area, two conference rooms, perimeter offices with mountain views, a bullpen, kitchen, and copy room. Suite 220 provides 5,317 square feet with five internal offices, a cooled computer room, a conference/training area, a bullpen with natural light, a kitchen/breakroom, a storeroom, and copy space. The building features office finishes, high-efficiency HVAC, energy-efficient windows, and showers in first-floor restrooms, enhanced by natural light and mountain views. The property is conveniently located for access to Boulder and Longmont, and includes one loading dock and overhead door.
Key Highlights
- 7% Cap Rate on Existing Income
- 15,177 SF of Immediately Available Space**
- High‑Quality Construction with Beautiful Office Finishes
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
$373,681
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
8.20%
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%
$7,473,620
$7.5M
Cap Rate 7%
$5,338,300
$5.3M
Cap Rate 9%
$4,152,011
$4.2M
Market Conditions
NOI Build-Up for 39,626 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
$618.2K $15.60/SF
− Vacancy
−$43.3K −$1.09/SF
EGI
$574.9K $14.51/SF
− OpEx
−$201.2K −$5.08/SF
NOI
$373.7K $9.43/SF
Area
Boulder, CO
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$7,473,620
Cap Rate 7%
$5,338,300
Cap Rate 9%
$4,152,011
Alternative Uses
Best Use
Office B
$7.96M
$6.96M – $9.28M
NOI $557,062 @ 7.0% cap · market cap 12.22%
Second Best
Flex RnD
$5.34M
$4.67M – $6.23M
NOI $373,681 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$13.39M
$11.72M – $15.62M
NOI $937,329 @ 7.0% cap · market cap 20.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 39,626 SF office/flex building with income in place.
Where is this flex space located?
The property is located at 6075 Longbow Dr Boulder, CO.
What is the asking price?
The asking price for this property is $4,556,990.
What are key features of this property?
This property features: 7% Cap Rate on Existing Income; 15,177 SF of Immediately Available Space**; High‑Quality Construction with Beautiful Office Finishes
