Downtown Boulder Office with
For Sale
Contact for pricing
1033 Walnut St, Boulder, CO 80302
Office building with income in downtown Boulder location.
Property Size12,389 SF
Price / SF$398.74
Days on Market740
Property Features for 1033 Walnut St
General Information
Standard status
Active
Size
12,389 SF
Property subtype
Office
Listing Agency:
Gibbons-White Inc
(303) 442-1040
Listed By:
Steve Sims · License #CO EA.001312310
Source:
Crexi
Added: Jul 24, 2024
Changed: Jul 6
Last Checked: Aug 1 at 10:01AM
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 commercial property offers an owner-user opportunity for the second and third floors, with spaces ranging from 3,682 to 9,339 square feet. The first floor, totaling 3,050 square feet, is fully leased and provides a net operating income of $127,854. The property is located in downtown Boulder, next to Galvanize, Amante, and Corrida, and is surrounded by restaurants, shops, and transit options. Elevator access is available, and the second-floor office includes an in-suite shower. A recently opened office area features windows and doors overlooking Walnut Street. The property includes seven reserved, covered, on-site parking spaces, with two spaces allocated for each office and three for the retail space. The third floor features balconies that provide outdoor break and entertainment areas and bring natural light into the open office area. Seller financing is available at 3.5% in year one and 4.5% in year two, subject to terms and qualifications.
Key Highlights
- Fantastic Downtown Boulder location near restaurants, shops, and transit.
- Seller financing available at 3.5% in year one and 4.5% in year two (to qualified buyer).
- Net Operating Income of $127,854 from fully leased 1st floor.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $327.1k | $26.40 |
| − Vacancy | −$94.9k | −$7.66 |
| EGI | $232.2k | $18.74 |
| − OpEx | −$58.1k | −$4.69 |
| NOI | $174.2k | $14.06 |
12,389 SF · lease $26.40/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.90M
NOI $174,165 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.66M – $4.88M
NOI $293,054 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 80302, CO
27,322
Population
13,556
Households
2
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
93.9 sq mi
ZIP Area
291
Density / Sq Mi
$60,649
Median Household Income
$19,586
Median Earnings
$1,850
Median Rent
$1,123,800
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 building - Office building with income in downtown Boulder location.
Where is this office building located?
The property is located at 1033 Walnut St Boulder, CO.
What is the asking price?
The asking price for this property is $4,940,000.
What are key features of this property?
This property features: Fantastic Downtown Boulder location near restaurants, shops, and transit.; Seller financing available at 3.5% in year one and 4.5% in year two (to qualified buyer).; Net Operating Income of $127,854 from fully leased 1st floor.
