Office Condo in Office
For Sale
Contact for pricing
630 15th Ave, Longmont, CO 80501
Office condo at The Evergreen Center with convenient corner access and ample year-round parking.
Property Size3,364 SF
Price / SF$206.60
Days on Market411
Property Features for 630 15th Ave
General Information
Standard status
Active
Size
3,364 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Listing Agency:
New Option Partners
(303) 725-1202
Listed By:
Aaron Evans · License #FA.040030294
(303) 725-1202
Source:
Moodyscre
Added: Jun 26, 2025
Changed: Jul 26
Last Checked: Aug 10 at 5:40AM
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 New Option Partners
Investment Insights
Based on property information with market context.
Located within The Evergreen Center, 630 15th Avenue offers the opportunity to own an office condo in a well-established office setting. The property is positioned for practical day-to-day business access, with parking available year-round.
The Evergreen Center is situated on the busy corner of Coffman Street and 15th Avenue, just off Main Street, providing an easily accessible location close to Downtown Longmont amenities. Ample parking supports tenant and client visits throughout the year.
The Evergreen Center is situated on the busy corner of Coffman Street and 15th Avenue, just off Main Street, providing an easily accessible location close to Downtown Longmont amenities. Ample parking supports tenant and client visits throughout the year.
Key Highlights
- Office condo located within The Evergreen Center at 630 15th Avenue
- On the busy corner of Coffman Street & 15th Avenue
- Convenient corner access and an easily accessible location
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
$42,916
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
6.17%
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%
$858,320
$858.3K
Cap Rate 7%
$613,086
$613.1K
Cap Rate 9%
$476,844
$476.8K
Market Conditions
NOI Build-Up for 3,364 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
$60.6K $18.00/SF
− Vacancy
−$3.3K −$0.99/SF
EGI
$57.2K $17.01/SF
− OpEx
−$14.3K −$4.25/SF
NOI
$42.9K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$858,320
Cap Rate 7%
$613,086
Cap Rate 9%
$476,844
Alternative Uses
Best Use
Office B
$613.1K
$536.5K – $715.3K
NOI $42,916 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
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?
Office units - Office condo at The Evergreen Center with convenient corner access and ample year-round parking.
Where is this office units located?
The property is located at 630 15th Ave Longmont, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Office condo located within The Evergreen Center at 630 15th Avenue; On the busy corner of Coffman Street & 15th Avenue; Convenient corner access and an easily accessible location
