Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2639 Spruce St Boulder, CO 80302

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3,267 SF Office, Central Boulder Location

    Property size:
    3,267 SF

    Property Features for 2639 Spruce St

    General Information

    Property type
    Flex space
    Square Feet
    3,267 SF

    We can help!

    Listing Contact
    Hunter Barto
    Hunter Barto

    Listing Agency: Dean Callan & Company Inc Listing Agent: Hunter Barto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 3,267-square-foot office and flex space in Boulder, Colorado, presents a unique opportunity for businesses seeking a prime location and versatile layout. Situated at 2639 Spruce St, 80302, this property offers convenient access to downtown Boulder and the Pearl Street Mall, as well as the 29th Street Mall. The building boasts 13 private offices, a spacious conference room, a comfortable break room, and an open bullpen area, catering to diverse workspace needs. A significant advantage is the inclusion of a loading/shipping area at the rear, complete with a 10' x 12' grade-level roll-up overhead door, ideal for efficient logistics. The property features abundant natural light through operable windows, skylights, and daylighting, creating a bright and productive environment. Modern amenities include LED lighting, an on-demand hot water heater, and a fully functional HVAC system. Additional conveniences include a shower, a storage shed, and an outdoor picnic table area. Parking is readily available with 4-5 spaces in the alley, supplemented by driveway and street parking. The building also includes a security alarm system and is partially furnished with existing furniture, cubicles, and adjustable standing desks. This versatile property is perfect for a variety of businesses seeking a central Boulder location with ample space and modern features. Lease type is NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Resource Central: Office ... Charitable Organization Wilde Brands Food Processing Plant madelife Vocational School Sendera Properties Real Estate Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.2604645
    Latitude
    40.0233051

    Nearby Similar for Sale

    • $515,000
      1,082 SF

      Retail Condo in Boulder, Colorado

      Retail condo operating as a dispensary, leased through 2026.
      5420 Arapahoe Ave, Boulder, CO 80303
      View Details
    • $495,000
      0.42 Acres

      Office Condo with Mountain Views

      Office condo for sale with flexible zoning and ample parking.
      6658 Gunpark Dr, Boulder, CO 80301
      View Details
    • $725,000
      0.42 Acres

      Bright Office Condo in Boulder

      Modern office condo with parking in Washington Village.
      2930 Broadway St, Boulder, CO 80304
      View Details
    • $3,841,000
      0.29 Acres

      East Boulder Office Building For Sale

      Office building near Flatirons Golf Course with tenant mix.
      5600 Arapahoe Ave, Boulder, CO 80303
      View Details
    • $325,000
      0.02 Acres

      North Boulder Office Condo

      Comfortable business office condo in north Boulder for sale.
      1570 Lee Hill Dr, Boulder, CO 80304
      View Details
    • $325,000
      0.02 Acres

      Boulder Office Condo For Sale

      Comfortable business office condo in north Boulder available for purchase.
      1610 Lee Hill Dr, Boulder, CO 80304
      View Details
    • $4,800,000
      14,466 SF

      Renovated Office Building with Courtyard

      Fully leased, renovated office building near downtown Boulder with courtyard.
      207 Canyon Blvd, Boulder, CO 80302
      View Details
    • $415,000
      1,224 SF

      Boulder Commercial Condo Unit For Sale

      1,224 SF commercial condo with office, retail, and fitness potential.
      5420 Arapahoe Ave, Boulder, CO 80303
      View Details
    • $2,200,000
      7,803 SF

      Office Building in Gunbarrel Business Park

      Standalone office building with flexible space in Boulder's business park.
      6290 Lookout Rd, Boulder, CO 80301
      View Details
    • $625,000
      0.03 Acres

      Bright Condo with Open Floorplan

      West-facing condo with conference room, kitchenette, and parking.
      2930 Broadway, Boulder, CO 80304
      View Details
    • $1,365,000
      0.35 Acres

      Versatile Office Building Near Boulder

      Six-unit office building in a desirable Boulder location.
      6662 Gunpark Dr, Boulder, CO 80301
      View Details
    • $4,499,640
      338 SF

      Boulder Retail & Office Building

      Classic building with exposed brick, wood timbers, and high ceilings.
      1735 15Th St, Boulder, CO 80302
      View Details

    FAQs

    What type of property is this?
    Flex space - 3,267 SF Office, Central Boulder Location
    Where is this flex space located?
    The property is located at 2639 Spruce St Boulder, CO.
    What are key features of this property?
    This property features: 3,267 SF office/flex space in Boulder, CO.; NNN lease available.; Partially furnished with furniture, cubicles, and adjustable standing desks.
    (303) 449-1420 Call to check price and availability
    Request Owner's contact information
    2639 Spruce St Boulder, CO 80302
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2639 Spruce St
    Boulder, CO 80302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2639 Spruce St Boulder, CO 80302
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hunter Barto
    Hunter Barto
    Real Estate License ID: FA.040007452
    (303) 449-1420 (303) 817-8657 (303) 945-2016
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!