Retail Space with Corner
New
For Sale
$320,000
700 Tenacity Drive, Longmont, CO 80504
South- and east-facing windows bring natural light into a finished commercial interior.
Property Size1,070 SF
Days on Market1
Property Features for 700 Tenacity Drive
General Information
Standard status
Active
Size
1,070 SF
Total Parking Spaces
1
Property subtype
Office
Additional Details
Corner Location
Yes
Amenities
south and east-facing windows
upgraded lighting
concrete floors
wide sidewalks
Building Details
Building Size
1,070 SF
Tenancy
Single
Listing Agency:
RE/MAX
Listed By:
Keith Kanemoto · License #FA40009659
(303) 472-2222
Source:
Remaxcommercial
Added: Oct 7
Last Checked: Oct 7 at 2:05PM
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 RE/MAX
Investment Insights
Based on property information with market context.
This retail unit features south- and east-facing windows, upgraded lighting, and pigmented concrete flooring. It is currently occupied by a music school under a lease ending May 31, 2027; the tenant plans to lease the space back on an NNN basis. One off-street parking space is included.
The property is in Prospect, near a neighborhood park and a mix of restaurants, offices, and retail businesses. Wide sidewalks provide space for outdoor seating. New businesses require approval from the Prospect Downtown Association.
The property is in Prospect, near a neighborhood park and a mix of restaurants, offices, and retail businesses. Wide sidewalks provide space for outdoor seating. New businesses require approval from the Prospect Downtown Association.
Key Highlights
- South- and east‑facing windows
- Lease in place through May 31, 2027, with the current tenant planning an NNN leaseback
- Upgraded lighting and pigmented concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,651
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,020
$273.0K
Cap Rate 7%
$195,014
$195.0K
Cap Rate 9%
$151,678
$151.7K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$19.3K $18.00/SF
− Vacancy
−$1.1K −$0.99/SF
EGI
$18.2K $17.01/SF
− OpEx
−$4.6K −$4.25/SF
NOI
$13.7K $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 Rate 5%
$273,020
Cap Rate 7%
$195,014
Cap Rate 9%
$151,678
Alternative Uses
Best Use
Office B
$195.0K
$170.6K – $227.5K
NOI $13,651 @ 7.0% cap · market cap 4.27%
Second Best
Retail
$172.8K
$151.2K – $201.6K
NOI $12,093 @ 7.0% cap · market cap 3.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Retail space - South- and east-facing windows bring natural light into a finished commercial interior.
Where is this retail space located?
The property is located at 700 Tenacity Drive Longmont, CO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: South- and east‑facing windows; Lease in place through May 31, 2027, with the current tenant planning an NNN leaseback; Upgraded lighting and pigmented concrete floors
