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    1835 Range St Boulder, CO 80301

    For Sale
    $4,250,000

    14,350 SF R&D building, 5.1% cap rate.

    Property size:
    14,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 14,350-square-foot research and development facility, located at 1835 Range Street in Boulder, Colorado, presents a compelling investment opportunity. The single-story, concrete block building, constructed in 1960 and situated on a 38,152-square-foot lot, is currently under a net-net lease, generating a strong 5.1% capitalization rate based on the next twelve months' net income. The asking price is $4,250,000, translating to $296 per square foot of building area and $111 per square foot of total land. The current monthly rent is $18,045.58 ($1.26 per square foot), increasing to $18,406.49 ($1.28 per square foot) on June 1, 2024. The landlord is responsible for roof, structural, and foundation maintenance, while the tenant covers a 3% management fee, further enhancing the return on investment. The property boasts numerous recent upgrades and benefits from its location within Boulder's thriving aerospace sector. This is a rare opportunity, as there are very few comparable R&D buildings currently available for sale in this submarket. The property has been a key asset in its current ownership portfolio since 2004. This well-maintained building offers a solid investment with significant upside potential.

    Property Features for 1835 Range St

    General Information

    Property type
    Life science properties
    Square Feet
    14,350 SF

    Building Details

    Year Built
    1960
    Stories
    1

    HighLights

    • Current Net‑Net Lease: $18,045.58/month ($1.26/SF).
    • Lease Increase: $18,406.49/month ($1.28/SF) effective June 1, 2024.
    • Asking Price: $4,250,000 ($296/SF building, $111/SF land, 5.1% cap rate).
    • Below Market Rent: Significantly below current market rents for comparable R&D buildings.
    • Landlord Responsibilities: Landlord covers roof, structural, and foundation maintenance.
    • Tenant Pays Management Fee: Tenant pays a 3% management fee, increasing owner return.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.2305427
    Latitude
    40.0180962

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    FAQs

    What type of property is this?
    Life science property - 14,350 SF R&D building, 5.1% cap rate.
    Where is this life science property located?
    The property is located at 1835 Range St Boulder, CO.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Current Net-Net Lease: $18,045.58/month ($1.26/SF).; Lease Increase: $18,406.49/month ($1.28/SF) effective June 1, 2024.; Asking Price: $4,250,000 ($296/SF building, $111/SF land, 5.1% cap rate).
    Request Owner's contact information
    1835 Range St Boulder, CO 80301
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    Boulder, CO 80301
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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
    1835 Range St Boulder, CO 80301
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