Office Condo with Exterior
For Sale
$990,000
A-5305 Spine Rd, Boulder, CO 80301
Private offices feature direct outdoor access, with entry available from both the front and rear of the building.
Property Size3,856 SF
Price / SF$256.74
Days on Market14
Property Features for A-5305 Spine Rd
General Information
Standard status
Active
Size
3,856 SF
Site & Location
Neighborhood
Gunbarrel
Highway Access
Yes
Additional Details
Property Use
Office
Listing Agency:
Market Real Estate
(303) 444-5040
Listed By:
Adam Mesinger
(303) 444-4994
Source:
Exprealty
Added: Oct 20
Changed: Nov 1
Last Checked: Nov 1 at 3:39PM
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 Market Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,856-square-foot office condominium in Gunbarrel has high ceilings and natural light. Sliding glass doors connect each private exterior office to the outdoors, and the building has entrances at both the front and rear. Parking is available on site.
The property is just off Diagonal Highway. Traffic counts are 16,000+ vehicles per day on the highway and 9,844 vehicles per day at the nearest intersection.
The property is just off Diagonal Highway. Traffic counts are 16,000+ vehicles per day on the highway and 9,844 vehicles per day at the nearest intersection.
Key Highlights
- 3,856‑square‑foot office condominium
- Sliding glass doors provide outdoor access from each private exterior office
- High ceilings and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,208
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,160
$1.1M
Cap Rate 7%
$774,400
$774.4K
Cap Rate 9%
$602,311
$602.3K
Market Conditions
NOI Build-Up for 3,856 SF
Gross rent
$101.8K $26.40/SF
− Vacancy
−$29.5K −$7.66/SF
EGI
$72.3K $18.74/SF
− OpEx
−$18.1K −$4.69/SF
NOI
$54.2K $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%
$1,084,160
Cap Rate 7%
$774,400
Cap Rate 9%
$602,311
Alternative Uses
Best Use
Office B
$774.4K
$677.6K – $903.5K
NOI $54,208 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,211 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices feature direct outdoor access, with entry available from both the front and rear of the building.
Where is this office unit located?
The property is located at A-5305 Spine Rd Boulder, CO.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 3,856‑square‑foot office condominium; Sliding glass doors provide outdoor access from each private exterior office; High ceilings and natural light
