Third-Floor Office Condo with
For Sale
Contact for pricing
6658 Gunpark Dr, Boulder, CO 80301
Third-floor office condo offers elevator service, operable windows, and views of the mountains and golf course.
Property Size787 SF
Price / SF$246.51
Days on Market615
Property Features for 6658 Gunpark Dr
General Information
Standard status
Active
Size
787 SF
Elevators
Yes
Property subtype
OFFICE
Zoning
BR-2
Additional Details
Floor
3
Listing Agency:
Gibbons-White, Inc.
(303) 442-1040
Listed By:
Gregory Glass · License #FA.100051533
(775) 722-4098
Source:
Moodyscre
Added: Jan 13, 2025
Changed: Sep 3
Last Checked: Sep 19 at 11:30AM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This office condo features a third-floor layout with elevator service and operable windows. The unit also offers views of the mountains and the Boulder Country Club golf course. Additional office condos and individual offices may be available in this building, with unit sizes shown on the floor plan.
The property is located in Gunbarrel with convenient access to Boulder, Longmont, and surrounding areas. Ample parking is available directly surrounding the building, and the setting is described as close to restaurants, shops, and other amenities.
The asset is supported by flexible BR-2 zoning, which allows for a broad range of office and personal service uses. This combination of condominium-style ownership options, building access via elevator, and surrounding parking is well suited for tenants or buyers looking for office space within the Gunbarrel area.
The property is located in Gunbarrel with convenient access to Boulder, Longmont, and surrounding areas. Ample parking is available directly surrounding the building, and the setting is described as close to restaurants, shops, and other amenities.
The asset is supported by flexible BR-2 zoning, which allows for a broad range of office and personal service uses. This combination of condominium-style ownership options, building access via elevator, and surrounding parking is well suited for tenants or buyers looking for office space within the Gunbarrel area.
Key Highlights
- Third‑floor office condo with elevator service and operable windows
- Views of the mountains and the Boulder Country Club golf course
- Flexible BR‑2 zoning allowing a wide range of office and personal service uses
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
$11,064
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
5.70%
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%
$221,280
$221.3K
Cap Rate 7%
$158,057
$158.1K
Cap Rate 9%
$122,933
$122.9K
Market Conditions
NOI Build-Up for 787 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
$20.8K $26.40/SF
− Vacancy
−$6.0K −$7.66/SF
EGI
$14.8K $18.74/SF
− OpEx
−$3.7K −$4.69/SF
NOI
$11.1K $14.06/SF
Area
Boulder, CO
Vacancy
29.00%
Lease Rate
$26.40 /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%
$221,280
Cap Rate 7%
$158,057
Cap Rate 9%
$122,933
Alternative Uses
Best Use
Office B
$158.1K
$138.3K – $184.4K
NOI $11,064 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Third-floor office condo offers elevator service, operable windows, and views of the mountains and golf course.
Where is this office units located?
The property is located at 6658 Gunpark Dr Boulder, CO.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: Third‑floor office condo with elevator service and operable windows; Views of the mountains and the Boulder Country Club golf course; Flexible BR‑2 zoning allowing a wide range of office and personal service uses
