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    3445 Penrose Pl Boulder, CO 80301

    For Sale
    $495,000

    Two units, 1128 sq ft, prime location

    Property size:
    1,128 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This Boulder, Colorado office property offers two adjacent, updated units totaling 1,128 square feet, ideal for owner-occupancy or investment. Priced at $495,000 ($438.83/sq ft), the property features Suite 225 (445 sq ft), currently leased month-to-month, and Suite 230 (683 sq ft) with a conference room and kitchenette. The units boast ample natural light and a dedicated parking spot in a large lot. The property's Net Operating Income (NOI) is $8,000, with a 50% occupancy rate. This presents a unique opportunity to occupy both units for a larger office space, utilize one while leasing the other, or lease both as separate, highly desirable office condos. Located at 3445 Penrose Pl, Boulder, CO 80301, this traditional office space offers easy access to the Front Range. The gross lease structure simplifies management. The property is not subject to a ground lease.

    Property Features for 3445 Penrose Pl

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,128 SF

    Building Details

    Units
    2

    HighLights

    • Two adjacent, updated Boulder office suites totaling 1,128 square feet, priced at $495,000 ($438.83/sq ft).
    • Suite 225 (445 sq ft) is leased month‑to‑month; Suite 230 (683 sq ft) includes a conference room and kitchenette.
    • Features ample natural light and one dedicated parking space.
    • Offers a $8,000 annual Net Operating Income (NOI) with 50% occupancy.
    • Located at 3445 Penrose Pl, Boulder, CO 80301, with easy Front Range access and a gross lease structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dawn O. Taylor, ... Psychologist Craig Larson, DDS Dentist Dr. William Wenokor, ... Psychiatrist Dann-Courtney Priscilla PHD Psychologist Goldsmith Lauren R Psychologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.2480349
    Latitude
    40.0376576

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    FAQs

    What type of property is this?
    Office Property / Space - Two units, 1128 sq ft, prime location
    Where is this office property / space located?
    The property is located at 3445 Penrose Pl Boulder, CO.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Two adjacent, updated Boulder office suites totaling 1,128 square feet, priced at $495,000 ($438.83/sq ft).; Suite 225 (445 sq ft) is leased month-to-month; Suite 230 (683 sq ft) includes a conference room and kitchenette.; Features ample natural light and one dedicated parking space.
    (303) 415-2265
    Request Owner's contact information
    3445 Penrose Pl 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
    3445 Penrose Pl Boulder, CO 80301
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