Add Listing
    For Sale
    • 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

    608 Main St Louisville, CO 80027

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Prime Main Street location with redevelopment potential in Historic Louisville.

    Property size:
    1,920 SF
    Lot size:
    0.15 Acres

    Property Features for 608 Main St

    General Information

    Standard status
    Active
    Size
    1,920 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Stephanie Lyon
    Source: Corcoran

    Listing Agency: MILEHIMODERN Listing Agent: Stephanie Lyon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Main Street Development Opportunity

    This property presents a development opportunity on Main Street in Historic Louisville, offering visibility and potential. Currently, the property features 44 feet of Main Street frontage. There is a possibility of gaining an additional 45 feet through a land swap, potentially doubling its presence in the downtown district. Preliminary redevelopment concepts explore live/work, mixed-use residential, and commercial possibilities. The existing office building is fully functional, featuring two baths, a kitchenette, private offices, group workspaces, and a retail front. The location is next to Crystal Springs Brewery and Verde, and half a block from Moxie, Sweet Cow, and Tilt, placing it in Louisville's business and cultural scene. The property offers flexibility and opportunity on Main Street.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Boulder
    State
    Colorado
    Longitude
    -105.171
    Latitude
    39.9475

    Nearby Similar for Sale

    • $14,013,500
      56,054 SF

      Versatile Commercial Property in Louisville

      56,054 SF commercial property in high-demand Colorado Technology Center.
      101 South Taylor Ave, Louisville, CO
      View Details
    • Contact for pricing
      1,958 SF

      Corner Lot Gas Station Opportunity

      Gas station with redevelopment potential in historic downtown Louisville.
      947 Pine St, Louisville, CO 80027
      View Details
    • Contact for pricing
      2,580 SF

      Established Liquor Store Business

      Liquor store business for sale in Village Square.
      645 South Boulder Rd, Louisville, CO 80027
      View Details
    • Contact for pricing
      6,300 SF

      Fully Leased Louisville Retail Property

      Retail property fully leased to three tenants in Louisville, CO.
      976 W Dillon Rd, Louisville, CO 80027
      View Details
    • Contact for pricing
      6,826 SF

      Office Building in Louisville, CO

      Office building with 6,826 square feet of space.
      980 W Dillon Rd, Louisville, CO 80027
      View Details
    • Contact for pricing
      64,672 SF

      Lockheed Martin Occupied Investment Property

      Commercial investment property occupied by Lockheed Martin in Boulder County.
      135 S Taylor Ave, Louisville, CO
      View Details
    • Contact for pricing
      12,917 SF

      Office Building with High Visibility

      Office building with good tenant mix and recent upgrades.
      325 South Boulder Rd, Louisville, CO
      View Details
    • Contact for pricing
      40,656 SF

      Fully Leased Investment Property

      Fully leased flex building with diverse tenants and strong income.
      2051 Dogwood St, Louisville, CO
      View Details
    • $1,300,000

      Main Street Development Opportunity

      Prime mixed-use development potential in Historic Downtown Louisville.
      608 Main St, Louisville, CO 80027
      View Details
    • $42,000,000
      130,000 SF

      Luxury Apartments in Historic Louisville

      Boutique apartment building near Downtown Louisville and Boulder.
      1140 Cannon St, Louisville, CO 80027
      View Details
    • Contact for pricing
      83,625 SF

      New Class A Industrial Space

      State-of-the-art industrial property in premier Colorado Tech Center.
      1875-1923 South Taylor Ave, Louisville, CO
      View Details
    • Contact for pricing
      16,294 SF

      Industrial Warehouse Space For Sale

      16,294 SF industrial warehouse property in Louisville, Colorado.
      517 S Arthur Ave, Louisville, CO
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Main Street location with redevelopment potential in Historic Louisville.
    Where is this mixed-use property located?
    The property is located at 608 Main St Louisville, CO.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime Main Street location in Historic Louisville with high visibility; - Development opportunity with potential to nearly double frontage via land swap; - Existing fully functional office building with retail front
    (303) 876-1073
    Request Owner's contact information
    608 Main St Louisville, CO 80027
    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.
    608 Main St
    Louisville, CO 80027
    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
    608 Main St Louisville, CO 80027
    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

    We can help!
    Listing Contact
    Stephanie Lyon
    (303) 876-1073
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!