Office Condo with
New
For Sale
Contact for pricing
948 North St, Boulder, CO 80304
Two offices are complemented by a reception area, coffee bar, and private bathrooms.
Property Size652 SF
Price / SF$460.12
Days on Market3
Property Features for 948 North St
General Information
Standard status
Active
Size
652 SF
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Amenities
smart features
reception area
coffee bar
private bathrooms
Building Details
Tenancy
Single
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
Brandi Schott · License #FA.100035893
(303) 875-7223
Source:
Moodyscre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:16AM
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 The Colorado Group, Inc.
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Investment Insights
Based on property information with market context.
This 652-square-foot office condominium is configured with two offices, a reception area, private bathrooms, and a coffee bar. Hard-surface flooring and upgraded finishes are complemented by smart climate-control and security features. The unit is currently occupied, with the possibility of an early vacancy.
The property provides access to North Boulder, Downtown, and public transportation.
The property provides access to North Boulder, Downtown, and public transportation.
Key Highlights
- 652‑square‑foot office condominium
- Two offices with reception area, coffee bar, and private bathrooms
- Smart climate‑control and security features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,166
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,320
$183.3K
Cap Rate 7%
$130,943
$130.9K
Cap Rate 9%
$101,844
$101.8K
Market Conditions
NOI Build-Up for 652 SF
Gross rent
$17.2K $26.40/SF
− Vacancy
−$5.0K −$7.66/SF
EGI
$12.2K $18.74/SF
− OpEx
−$3.1K −$4.69/SF
NOI
$9.2K $14.06/SF
Area
Boulder, CO
Vacancy
29.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,320
Cap Rate 7%
$130,943
Cap Rate 9%
$101,844
Alternative Uses
Best Use
Office B
$130.9K
$114.6K – $152.8K
NOI $9,166 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.3K
$192.8K – $257.1K
NOI $15,423 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,139
Businesses Nearby
Explore this area
Business Placement
Demographics for 80304, CO
27,532
Population
11,717
Households
2.3
Avg Household Size
41
Median Age
78%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,534
Median Household Income
$60,155
Median Earnings
$1,956
Median Rent
$1,166,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Two offices are complemented by a reception area, coffee bar, and private bathrooms.
Where is this office units located?
The property is located at 948 North St Boulder, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 652‑square‑foot office condominium; Two offices with reception area, coffee bar, and private bathrooms; Smart climate‑control and security features
