Freestanding Industrial
711 First Avenue, Longmont, CO 55313
For Sale
Contact for pricing
Standalone commercial building positioned within a planned transportation and residential development corridor.
Property Size5,600 SF
Lot Size0.44 Acres
Price / SF$222.86
Days on Market64
Property Features for 711 First Avenue
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Buildings
Building Size
Listing Agency:
Prime Commercial Real Estate
Listed By:
Nelson Miner · License CO FA.001311382
Source:
Crexi
Added: Sep 8
Changed: Nov 5
Last Checked: Nov 10 at 6:44AM
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 Prime Commercial Real Estate
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Investment Insights
Based on property information with market context.
The property includes a freestanding 5,600-square-foot building on a 0.44-acre parcel. Its standalone configuration supports consideration by an owner-user or other commercial occupant seeking an industrial-class property in an established district.
The site is in Old Town Longmont along First Avenue and is adjacent to the planned RTD and City of Longmont Transportation Center. That project includes a 600-space parking garage and 240 apartment units. Additional surrounding plans include a Front Range Community College campus for 4,100 students, South Main Street Station with 480 occupied apartments, and 121 Main with 198 approved apartment units, 11,000 square feet of commercial space, and 310 garage parking spaces. The planned 301 First Avenue Boston Station adds 371 apartment units to the broader development context.
The site is in Old Town Longmont along First Avenue and is adjacent to the planned RTD and City of Longmont Transportation Center. That project includes a 600-space parking garage and 240 apartment units. Additional surrounding plans include a Front Range Community College campus for 4,100 students, South Main Street Station with 480 occupied apartments, and 121 Main with 198 approved apartment units, 11,000 square feet of commercial space, and 310 garage parking spaces. The planned 301 First Avenue Boston Station adds 371 apartment units to the broader development context.
Key Highlights
- 5,600‑square‑foot freestanding building
- 0.44‑acre parcel in Old Town Longmont
- Adjacent to planned RTD and City of Longmont Transportation Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,931
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,620
$998.6K
Cap Rate 7%
$713,300
$713.3K
Cap Rate 9%
$554,789
$554.8K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$77.3K $13.80/SF
− Vacancy
−$6.0K −$1.06/SF
EGI
$71.3K $12.74/SF
− OpEx
−$21.4K −$3.82/SF
NOI
$49.9K $8.92/SF
Area
Weld County, CO
Vacancy
7.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,620
Cap Rate 7%
$713,300
Cap Rate 9%
$554,789
Alternative Uses
Best Use
Industrial
$713.3K
$624.1K – $832.2K
NOI $49,931 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.02M
$893.0K – $1.19M
NOI $71,442 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Trade Area within ½ mile
2,434
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Market
Properties on Market for Industrial properties in Longmont
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Standalone commercial building positioned within a planned transportation and residential development corridor.
Where is this industrial property located?
The property is located at 711 First Avenue Longmont, CO.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: 5,600‑square‑foot freestanding building; 0.44‑acre parcel in Old Town Longmont; Adjacent to planned RTD and City of Longmont Transportation Center
