Property profile

8979 Nelson Rd Longmont, CO 80503

OFF-MARKET
Commercial real estate
Property ID
US13-1019158
3,296 SF 0.88 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This extensively renovated 3,296 square foot commercial property, located at 8979 Nelson Road in Longmont, Colorado, presents a unique investment opportunity. Situated on a sizable 0.88-acre lot, the building boasts excellent street visibility and ample parking. Previously used as a church, the versatile layout includes multiple private offices, perfect for individual workspaces or small teams. A large open area is ideal for a variety of uses, from conferences and events to expansive retail or community spaces. The property includes two kitchenettes – one on the upper level and a full kitchen on the lower level – along with updated restrooms. Recent renovations have significantly enhanced the property's appeal and functionality. These upgrades encompass a complete overhaul of the electrical system, the installation of energy-efficient LED lighting, fresh interior paint throughout, and renovated restrooms with updated flooring. Exterior improvements are equally impressive, featuring new siding, a freshly repaved parking lot, upgraded fencing for enhanced security, and a new exterior stairwell for improved accessibility. The property's size and location make it particularly well-suited for a daycare center, but its adaptable design allows for a wide range of commercial applications. Priced at $1,100,000, this property offers a compelling blend of functionality, modern amenities, and significant potential for future growth.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction WOOD
Total area 3,296 SF
Lot 0.88 ac (38,420 SF)
Zoning code 9151
APN 1315-08-0-00-031
UPID US13-1019158

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • High School

Location

8979 Nelson Rd Longmont, CO 80503-8546
Longmont metro Census 13212 BOULDER, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$685k
Comparable Approach Comparable
$789k
Blend (final) Blend
$330k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A

Zoning & alternative use

9151 · Longmont, CO
Top alternative use upside
Office building $960,000 +4.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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