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    257 Johnstown Center Dr Johnstown, CO 80534

    Sponsored
    For Sale
    $5,800,000

    Colorado Shopping Center, High Occupancy

    Property size:
    27,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 27,856 square foot mixed-use property in Johnstown, Colorado, presents a compelling investment opportunity. Built in 2005, the Class B, two-story building boasts 100% occupancy and a strong pro-forma cap rate of 6.58%. The 24,378 square feet of net rentable space is currently home to 18 diverse businesses, including retail tenants such as two restaurants, a liquor store, café, hair and nail salons, dentists, massage therapy, and H&R Block. The upper level features 5,848 square feet of office space occupied by eight businesses. Located at 257 Johnstown Center Dr, Johnstown, CO 80534, on a 2.295-acre lot, the center offers 125 parking spaces (a 4.49:1,000 sq ft ratio). The property benefits from significant recent improvements, repositioning it as Johnstown's premier business center. The asking price is $5,800,000, translating to $208.21 per square foot. The property features built-in rent bumps and is situated in a rapidly growing area with convenient access to major transportation corridors including I-25, Hwy-60, and Hwy-34. This stabilized investment offers low maintenance and professional management, making it an easy-to-own asset with significant upside potential. The average leasable space size is 1,354 square feet, contributing to a diversified tenant base. Financial records show a pro-forma NOI of $381,387. The property is zoned for commercial use.

    Property Features for 257 Johnstown Center Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    27,856 SF
    Class
    B
    Lot Size
    99,970 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    2
    Units
    18

    HighLights

    • Strong tenant diversity.
    • Average unit size: 1,354 square feet.
    • Low operating expenses.
    • Ample parking (125 spaces, 4.49/1,000 SF).
    • Located in rapidly growing Johnstown, CO.
    • Excellent access to I‑25, Hwy 60, and Hwy 34.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Weld
    State
    Colorado
    Longitude
    -104.90638583673
    Latitude
    40.333893897308

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    FAQs

    What type of property is this?
    Lifestyle center - Colorado Shopping Center, High Occupancy
    Where is this lifestyle center located?
    The property is located at 257 Johnstown Center Dr Johnstown, CO.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: Strong tenant diversity.; Average unit size: 1,354 square feet.; Low operating expenses.
    Request Owner's contact information
    257 Johnstown Center Dr Johnstown, CO 80534
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    Johnstown, CO 80534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    257 Johnstown Center Dr Johnstown, CO 80534
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