Property profile

3450 Penrose Pl Boulder, CO 80301

OFF-MARKET
Office Spaces
1,776 SF Built 1985
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Property summary

AI-generated overview

This fully remodeled 1,776 sq ft Class B office condo in Boulder, CO (80301), is ideally suited for a variety of professional uses, including medical, creative, or wellness businesses. Located at 3450 Penrose Pl, this owner-user opportunity boasts 20-foot vaulted ceilings, stunning mountain views, and two private balconies. The spacious and flexible layout features a mix of open work areas and private offices/meeting rooms, flooded with natural light. A fully equipped kitchen offers plumbing for additional fixtures or a private restroom. The property includes seven parking spaces and offers convenient access to public transportation (RTD), hiking, and biking trails. A unique feature is the opportunity for signage with direct entry via a back stairway. Built in 1985 and renovated in 2021, this single-unit, two-story building sits on a RH-4 zoned lot. An assumable SBA loan at 3.25% is available for approximately 30% of the $795,000 asking price. This is a rare opportunity to acquire a prime Boulder office space with exceptional features and amenities.

Property profile

Verified
Property type Office Spaces
Year built 1985
Total area 1,776 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Counselor Psychologist
  • Psychotherapist
  • Dental Office
  • Hotel & Motel Resort

Location

3450 Penrose Pl Boulder, CO 80301
Boulder metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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