Office Building Near Downtown
325 W South Boulder Rd, Louisville, CO 80027
Office building with good tenant mix and high visibility.
Type:Office
Property size:
12,917 SFPrice / SF:
$185/SF- Added:
- Aug 7, 2024
- Days on Market:
- 666
- Last Refresh:
- May 12 at 10:22 pm
Property Features for 325 W South Boulder Rd
General Information
- Standard status
- Active
- Size
- 12,917 SF
- Property subtype
- Office
Listing agent Steve Sims License #CO EA.001312310
Listing office Gibbons-White Inc
Listing date Aug 7, 2024
Source Crexi
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 Gibbons-White Inc
HighLights
- Priced at a 6.9% cap rate on pro forma NOI
- Suites available for potential owner user (1,632 sq. ft. & 1,765 sq. ft.)
- New HVAC and roof replaced in 2017
- Good mix of tenants with staggered expiration dates
- Great visibility on South Boulder Road with monument signage available
- Close proximity to restaurants, shops, and retailers
Overview
This commercial property, an office building, is priced at a 6.9% cap rate on pro forma NOI. It features a good mix of tenants, including Young Dentistry for Children and the National Institute for Trial Advocacy, with staggered expiration dates. Suite 1, comprising 1,632 square feet, and Suite 2, comprising 1,765 square feet, are currently available for a potential owner-user. The property benefits from high visibility on South Boulder Road and offers monument signage. A new HVAC system was installed, and the roof was replaced in 2017. The property is located one block from Mudrock’s Tap & Tavern, Luna Coffee, Shamrock Foodservice Warehouse, and Village Square retailers, and it is one mile from the restaurants and shops of historic downtown Louisville. The property has a total size of 12,917 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $322.4k | $24.96 |
| − Vacancy | −$93.5k | −$7.24 |
| EGI | $228.9k | $17.72 |
| − OpEx | −$57.2k | −$4.43 |
| NOI | $171.7k | $13.29 |
12,917 SF · lease $24.96/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,682 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $272,807 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Boulder
- State
- Colorado
- Longitude
- -105.171
- Latitude
- 39.9475
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office building with good tenant mix and high visibility.
Where is this office building located?
The property is located at 325 W South Boulder Rd Louisville, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Priced at a 6.9% cap rate on pro forma NOI; Suites available for potential owner user (1,632 sq. ft. & 1,765 sq. ft.); New HVAC and roof replaced in 2017
