High-End Professional/Medical Office
For Sale
Contact for pricing
4775 Larimer Pkwy, Johnstown, CO 80534
5,651 SF professional suite with high-end finishes.
Property Size5,651 SF
Price / SF$212.35
Days on Market769
Property Features for 4775 Larimer Pkwy
General Information
Standard status
Active
Size
5,651 SF
Class
B
Property subtype
Office
Zoning
PUD 2534
Investment Type
Owner/User
Building Details
Year Built
2008
Buildings
1
Stories
2
Units
2
Listing Agency:
URealty Inc
(970) 776-3900
Listed By:
Matt Haskell · License #CO ER040012597
Source:
Crexi
Added: Jul 23, 2024
Changed: Aug 27
Last Checked: Aug 25 at 11:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of URealty Inc
Investment Insights
Based on property information with market context.
This is a 5,651 square foot professional or medical office suite located just off Highway 34, adjacent to the 2534 master-planned mixed-use community. Situated on the second floor, the suite features high-end finishes and custom woodwork. It is located in a well-maintained office park that provides on-site parking. The building is near medical facilities such as Northern Colorado Rehabilitation Hospital and is surrounded by restaurants, retailers, hotels, and banks.
Key Highlights
- Strategically located off Highway 34 and adjacent to the desirable 2534 master‑planned community.
- High‑end finishes and custom woodwork throughout the 5,651 square foot suite.**
- Well‑maintained office park with plenty of on‑site parking.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,860
$1.4M
Cap Rate 7%
$1,029,900
$1.0M
Cap Rate 9%
$801,033
$801.0K
Market Conditions
NOI Build-Up for 5,651 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$101.7K $18.00/SF
− Vacancy
−$5.6K −$0.99/SF
EGI
$96.1K $17.01/SF
− OpEx
−$24.0K −$4.25/SF
NOI
$72.1K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,860
Cap Rate 7%
$1,029,900
Cap Rate 9%
$801,033
Alternative Uses
Best Use
Office B
$1.03M
$901.2K – $1.20M
NOI $72,093 @ 7.0% cap · market cap 6.01%
Second Best
Healthcare Medical
$69.2K
$60.5K – $80.7K
NOI $4,843 @ 7.0% cap · market cap 0.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Cat Doctor — 4855 A Thompson Pkwy, Johnstown, CO 80534
Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,651 SF professional suite with high-end finishes.
Where is this medical office space located?
The property is located at 4775 Larimer Pkwy Johnstown, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Strategically located off Highway 34 and adjacent to the desirable 2534 master‑planned community.; High‑end finishes and custom woodwork throughout the 5,651 square foot suite.**; Well‑maintained office park with plenty of on‑site parking.
