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    2060 Broadway Boulder, CO 80302

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    For Lease
    Contact for pricing

    Prime Boulder location, retail/office space available.

    Lot size:
    54,224 SF

    Property Features for 2060 Broadway

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,224 SF
    Class
    A
    Total Rate
    94892

    Building Details

    Year Built/Renovated
    1891/2020

    Spaces For Lease

    at 2060 Broadway, Boulder, CO 80302 Contact us
    Unit Suite 380

    $21 /Mo

    Size
    1,356 SF
    Contact us
    Unit Suite 280

    $21 /Mo

    Size
    1,326 SF
    Contact us
    Unit Suite 200

    $21 /Mo

    Size
    2,782 SF
    Contact us

    We can help!

    Listing Contact
    Geoffrey Keys
    Geoffrey Keys

    Listing Agency: Keys Commercial Listing Agent: Geoffrey Keys

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

    Learn more

    Overview

    Siena Square, located at 2060 Broadway in Boulder, Colorado, 80302, offers exceptional retail, office, and restaurant space in a beautifully renovated Class A building. This multi-tenant property boasts a total of 54,224 square feet, with available spaces ranging from a minimum of 400 square feet to a maximum contiguous space of 2,782 square feet. Currently, 6,234 square feet are vacant and immediately available. Originally built in 1891 and extensively renovated in 2020, Siena Square benefits from a highly visible location at the southeast corner of Spruce and Broadway, directly benefiting from proximity to ample city parking. The building's advantageous position between a city parking lot and garage, and its location between the Boulderado Hotel to the north and the Pearl Street Mall and St. Julien Hotel to the south, ensures high foot traffic and visibility. Building amenities include elevators, common showers, bike storage, and attractive seating areas within a stunning five-story atrium. The property is zoned DT-4 and offers spaces adaptable to various needs, allowing for immediate occupancy or customization to suit specific requirements. This is a rare opportunity to secure prime commercial space in the heart of vibrant downtown Boulder.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ungloo Fuel Supplier Environmental Defense Fund Association / Organization Aidium (Bike/Boat/Book/etc) Store The Harris Law Firm Law Firm O'Brien Zender PC Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.2800149
    Latitude
    40.0185827

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    FAQs

    What type of property is this?
    Restaurant - Prime Boulder location, retail/office space available.
    Where is this restaurant located?
    The property is located at 2060 Broadway Boulder, CO.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: High-visibility downtown location with excellent foot and vehicle traffic.; Situated in the CAGID district.; Tenants receive free RTD Eco-passes and visitor parking validation.
    (303) 447-2700 Call to check price and availability
    Request Owner's contact information
    2060 Broadway Boulder, CO 80302
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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
    2060 Broadway Boulder, CO 80302
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    Contact for Pricing
    Please call us for current price
    and status of this listing Geoffrey Keys
    Geoffrey Keys
    Real Estate License ID: 000216271
    (303) 447-2700 (303) 214-1540 (970) 660-4420
    Learn more
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