Retail Condo with Monument
For Sale
$515,000
D-5420 Arapahoe Ave, Boulder, CO 80302
BC-1 zoning accommodates office, retail, personal service, wellness, and fitness uses.
Property Size1,082 SF
Price / SF$475.97
Days on Market399
Property Features for D-5420 Arapahoe Ave
General Information
Standard status
Active
Size
1,082 SF
Zoning
BC-1
Additional Details
Cap Rate
6.1%
Taxes and HOA fees
Annual Taxes
$8,884
Listing Agency:
Gibbons-White, Inc.
(303) 442-1040
Listed By:
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Source:
Exprealty
Added: Sep 11, 2025
Changed: Oct 8
Last Checked: Oct 12 at 8:21PM
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.
Investment Insights
Based on property information with market context.
This 1,082 SF retail condominium is currently operating as a dispensary and includes a waiting and reception area, dedicated retail space, an office, and a restroom. The property is leased through December 31, 2026, with a 6.1% cap rate. Monument signage is available for the premises.
Located at D-5420 Arapahoe Ave in Boulder, the property is near 55th St and Arapahoe Ave. BC-1 zoning supports a broad range of office, retail, personal service, wellness, and fitness uses, providing flexibility for future occupancy or continued retail operations.
Located at D-5420 Arapahoe Ave in Boulder, the property is near 55th St and Arapahoe Ave. BC-1 zoning supports a broad range of office, retail, personal service, wellness, and fitness uses, providing flexibility for future occupancy or continued retail operations.
Key Highlights
- 1,082 SF retail condominium currently operating as a dispensary
- Waiting and reception area, retail area, office, and restroom
- Leased through December 31, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,846
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,920
$356.9K
Cap Rate 7%
$254,943
$254.9K
Cap Rate 9%
$198,289
$198.3K
Market Conditions
NOI Build-Up for 1,082 SF
Gross rent
$27.3K $25.20/SF
− Vacancy
−$1.8K −$1.64/SF
EGI
$25.5K $23.56/SF
− OpEx
−$7.6K −$7.07/SF
NOI
$17.8K $16.49/SF
Area
Boulder, CO
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,920
Cap Rate 7%
$254,943
Cap Rate 9%
$198,289
Alternative Uses
Best Use
Retail
$254.9K
$223.1K – $297.4K
NOI $17,846 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 80302, CO
27,322
Population
13,556
Households
2
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
93.9 sq mi
ZIP Area
291
Density / Sq Mi
$60,649
Median Household Income
$19,586
Median Earnings
$1,850
Median Rent
$1,123,800
Median Home Value
Market
Vacancy Rate% for Retail in Boulder, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - BC-1 zoning accommodates office, retail, personal service, wellness, and fitness uses.
Where is this retail space located?
The property is located at D-5420 Arapahoe Ave Boulder, CO.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 1,082 SF retail condominium currently operating as a dispensary; Waiting and reception area, retail area, office, and restroom; Leased through December 31, 2026
