Office Building Near Downtown
For Sale
Contact for pricing
325 W South Boulder Rd, Louisville, CO 80027
Office building with good tenant mix and high visibility.
Property Size12,917 SF
Price / SF$185.80
Days on Market804
Property Features for 325 W South Boulder Rd
General Information
Standard status
Active
Size
12,917 SF
Property subtype
Office
Building Details
Buildings
1
Stories
2
Listing Agency:
Gibbons-White Inc
Listed By:
Steve Sims · License #CO EA.001312310
(303) 442-1040
Source:
Crexi
Added: Aug 7, 2024
Changed: Oct 10
Last Checked: Oct 19 at 7:29AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,682
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,433,640
$3.4M
Cap Rate 7%
$2,452,600
$2.5M
Cap Rate 9%
$1,907,578
$1.9M
Market Conditions
NOI Build-Up for 12,917 SF
Gross rent
$322.4K $24.96/SF
− Vacancy
−$93.5K −$7.24/SF
EGI
$228.9K $17.72/SF
− OpEx
−$57.2K −$4.43/SF
NOI
$171.7K $13.29/SF
Area
Boulder County, CO
Vacancy
29.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,433,640
Cap Rate 7%
$2,452,600
Cap Rate 9%
$1,907,578
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 80027, CO
34,413
Population
13,248
Households
2.6
Avg Household Size
40
Median Age
71%
College-Educated
98%
High-School Grad
18.6 sq mi
ZIP Area
1,850
Density / Sq Mi
$153,165
Median Household Income
$70,617
Median Earnings
$2,234
Median Rent
$822,700
Median Home Value
Check the figures for this property
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 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
