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    High Exposure Retail/Office Suites Title is generated by Realmo AI

    489 US-287, Lafayette, CO 80026

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    Retail and office suites with excellent visibility and access.

    Type:Retail
    Property size:
    1,799 SF
    Added:
    Jul 14, 2022
    Days on Market:
    1422
    Last Refresh:
    May 12 at 10:48 pm

    Property Features for 489 US-287

    General Information

    Standard status
    Active
    Size
    1,799 SF
    Property subtype
    Retail

    Spaces For Lease

    at 489 US-287 Contact us

    Suite 190 $16/Mo

    Size
    1,246 SF
    Type
    Retail
    – Suite 190 is Office Space Previously Occupied by a Chiropractor with Several...
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    Contact us

    Suite 185 $0.55/Mo

    Size
    553 SF
    Type
    Retail
    $1,000 / Month Grossn- Suite 185 is an Interior Office Suite with No Windows - Currently...
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    Suite 201B $18/Mo

    Size
    400 SF
    Type
    Retail
    Suite 201B – Oversized Large Corner Office with Lots of Natural Light – Perfect...
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    Suite 150 $19/Mo

    Size
    2,202 SF
    Type
    Retail
    - Suite 150 is a High Exposure Retail Space – Wide Open Space, Great for a Variety...
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    Suite 200 $17/Mo

    Size
    2,228 SF
    Type
    Retail
    – Suite 200 Medical Space with Existing Medical Infrastructure in Placen– Excellent...
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    We can help!

    Listing Contact
    Chris Boston

    Listing agent Chris Boston License #CO IR.040026406

    Listing office Gibbons-White Inc

    Listing date Jul 14, 2022

    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

    • Excellent visibility and access to US Hwy‑287 with abundant parking.
    • Adjacent to national tenants including Walmart Super Center, Vasa Fitness, Walgreens, McDonald’s & More.
    • Medical/Dental suite (Suite 200) with existing medical infrastructure in place.
    • Building signage available.
    • Oversized large corner office (Suite 201B) with lots of natural light.
    • Suites 185 & 190 can be combined for 1,799 sq. ft.

    Overview

    The property features multiple suites suitable for retail, office, medical, spa, and wellness businesses. Suite 150 offers a high-exposure retail space with a wide-open layout, accommodating various uses. Suite 185 is an interior office suite without windows. Suite 185 is currently configured for massage therapy, including four treatment rooms and a small waiting area. Suite 190, previously occupied by a chiropractor, includes several treatment rooms, a reception area, and a private entrance. Suites 185 and 190 can be combined to create a 1,799-square-foot space. Suite 200 is a medical/dental suite with existing medical infrastructure. Suite 201B is an oversized corner office with abundant natural light, suitable for personal services or general office use. The property benefits from excellent visibility and access to US Hwy-287, along with ample parking at a ratio of 4.4 spaces per 1,000 square feet. Building signage is available. The property is adjacent to national tenants, including Walmart Super Center, Vasa Fitness, Walgreens, and McDonald’s. The building has a diverse tenant mix, including Sushi Aji, Big Daddy’s Bagels, Proto’s Pizza, and Salon Picasso.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Boulder
    State
    Colorado
    Longitude
    -105.098259
    Latitude
    39.984305

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    FAQs

    What type of property is this?
    Retail space - Retail and office suites with excellent visibility and access.
    Where is this retail space located?
    The property is located at 489 US-287 Lafayette, CO.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility and access to US Hwy‑287 with abundant parking.; Adjacent to national tenants including Walmart Super Center, Vasa Fitness, Walgreens, McDonald’s & More.; Medical/Dental suite (Suite 200) with existing medical infrastructure in place.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Boston
    Real Estate License ID: CO IR.040026406
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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