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    3050 Broadway Boulder, CO 80304

    Sponsored
    For Lease
    $15 SF/Yr ($11,750 /Mo)

    9,400 SF Office, Newly Renovated, Mountain Views

    Lot size:
    9,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional three-story, 9,400 square foot creative office building, constructed in 1981 and extensively renovated in 2022, offers a unique opportunity in Boulder's vibrant North Broadway submarket. Located at 3050 Broadway Street, near Elder Street, this Class B property is zoned BC-2 Business-Community and features one building with ample parking (21 spaces). The space is divisible to a minimum of 191 square feet, with a maximum contiguous space of 1,480 square feet, making it ideal for a variety of tenants. Options include multiple tenancy or individual executive suites. Individual executive office rates range from $700 to $1,175 per month, inclusive of utilities, Wi-Fi, access to a conference room, printer/copier station, full kitchen, and the rooftop terrace. For larger spaces, a highly competitive introductory net-net-net (NNN) rate of $15.00 per square foot is available for leases signed this year. Building amenities include a free parking garage, street parking, RTD service, a rooftop terrace, a full kitchen, shower/changing room, and waiting areas. The building's location provides easy access to numerous amenities, trails, and parks. This property is perfect for professional, medical, or creative office users seeking a modern, well-equipped workspace in a desirable Boulder location.

    Property Features for 3050 Broadway

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,400 SF
    Class
    B
    Total Rate
    11750

    Building Details

    Year Built/Renovated
    1981/2022
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 201
    Size
    1,480 SF
    Rate per SF
    $15
    Space
    Suite 311
    Size
    300 SF
    Rate per SF
    $15
    Space
    Suite 211
    Size
    191 SF
    Rate per SF
    $15
    Space
    Suite 309
    Size
    296 SF
    Rate per SF
    $15
    Space
    Suite 213
    Size
    191 SF
    Rate per SF
    $15

    We can help!

    Listing Contact
    Jaime Pletcher
    Jaime Pletcher

    Learn more

    HighLights

    • 9,400 SF Class B Creative Office Building in Boulder's North Broadway submarket.
    • Newly renovated in 2022 with mountain views.
    • Multiple tenancy options available, from 191 SF to 1,480 SF contiguous.
    • Amenities include a conference room, kitchen, shower, rooftop terrace, and free parking (21 spaces).
    • Introductory rate of $15.00 NNN/SF for leases signed this year.
    • Individual executive suites available at $700-$1,175/month gross, including utilities and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Synergy Assessments Colorado Psychotherapist Piece of Mind Neuropsychology ... Neurophysiologist SonderMind Centers | Boulder ... Family Counselor Jeffrey Lang Counseling Psychotherapist PassageWorks Institute Educational Consultant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.28174795574
    Latitude
    40.030118305628

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    FAQs

    What type of property is this?
    Office space - 9,400 SF Office, Newly Renovated, Mountain Views
    Where is this office space located?
    The property is located at 3050 Broadway Boulder, CO.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 9,400 SF Class B Creative Office Building in Boulder's North Broadway submarket.; Newly renovated in 2022 with mountain views.; Multiple tenancy options available, from 191 SF to 1,480 SF contiguous.
    Request Owner's contact information
    3050 Broadway Boulder, CO 80304
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3050 Broadway Boulder, CO 80304
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    We can help!
    Listing Contact
    Jaime Pletcher
    Jaime Pletcher
    Real Estate License ID: CO FA.100074492
    Learn more
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