Stand-Alone Live-Work
For Sale
$550,000
702 Ave 702 10th Ave 702, Longmont, CO 80501
Standalone live-work property features four offices, a reception area, full kitchen, basement storage, shed, and five onsite parking spaces.
Property Size1,822 SF
Price / SF$301.87
Days on Market123
Property Features for 702 Ave 702 10th Ave 702
General Information
Standard status
Active
Size
1,822 SF
Total Parking Spaces
5
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$10,071
Amenities
reception area
full kitchen
basement storage
backyard shed
accessibility improvements
Central Air
3
MU-C
5064.0
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
Market Real Estate · License #EC100077894
(303) 444-5040
Source:
Xome
Added: Apr 23
Changed: Aug 23
Last Checked: Aug 23 at 5:52AM
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 Market Real Estate
Investment Insights
Based on property information with market context.
This standalone live-work property offers a practical mix of office and wellness-ready space, with four offices or practitioner rooms, a welcoming reception area, and a full kitchen. Additional improvements include full basement storage and a backyard shed. The property also notes accessibility improvements throughout, supporting a more flexible day-to-day operation.
The building is located in downtown Longmont in a setting described as calmer while remaining close to downtown access.
For occupancy, the property is described as currently producing $3,200 gross per month with tenants on a month-to-month basis, and includes five onsite parking spaces.
The building is located in downtown Longmont in a setting described as calmer while remaining close to downtown access.
For occupancy, the property is described as currently producing $3,200 gross per month with tenants on a month-to-month basis, and includes five onsite parking spaces.
Key Highlights
- Standalone downtown Longmont live‑work property, built in 1910
- Includes 4 offices/practitioner rooms plus a reception area and full kitchen
- Full basement for storage and an additional on‑site shed
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
$23,244
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
4.23%
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%
$464,880
$464.9K
Cap Rate 7%
$332,057
$332.1K
Cap Rate 9%
$258,267
$258.3K
Market Conditions
NOI Build-Up for 1,822 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
$32.8K $18.00/SF
− Vacancy
−$1.8K −$0.99/SF
EGI
$31.0K $17.01/SF
− OpEx
−$7.7K −$4.25/SF
NOI
$23.2K $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%
$464,880
Cap Rate 7%
$332,057
Cap Rate 9%
$258,267
Alternative Uses
Best Use
Office B
$332.1K
$290.6K – $387.4K
NOI $23,244 @ 7.0% cap · market cap 4.23%
Second Best
Mixed Use
$27.1K
$23.7K – $31.6K
NOI $1,895 @ 7.0% cap · market cap 0.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,332
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Standalone live-work property features four offices, a reception area, full kitchen, basement storage, shed, and five onsite parking spaces.
Where is this live-work space located?
The property is located at 702 Ave 702 10th Ave 702 Longmont, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Standalone downtown Longmont live‑work property, built in 1910; Includes 4 offices/practitioner rooms plus a reception area and full kitchen; Full basement for storage and an additional on‑site shed
