Property profile

3450 Penrose Pl Boulder, CO 80301

OFF-MARKET
Office Spaces
Built 1985
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Property summary

AI-generated overview

This exceptional 1,776 square foot office condo, located at 3450 Penrose Place, Suite 250, Boulder, CO 80301, presents a unique opportunity. Situated in a Class B building constructed in 1985 and extensively renovated in 2021, this second-floor space boasts 20-foot vaulted ceilings and abundant natural light. The flexible layout includes open work areas, private offices, a conference room, a loft, a kitchen, phone rooms, huddle rooms, and two private balconies. Ideal for a variety of uses, including creative offices, design studios, meeting/event hosting, collaborative workspaces, or wellness centers, this property is zoned for medical use with ample plumbing and water access points. The building features a total of 10 suites across two stories, with 43 total parking spaces available. The lot size is 33,056 square feet. Taxes are $7.35 per square foot. Conveniently located near Iris Avenue and 34th Street, this property offers easy access to RTD, hiking, and biking trails. The zoning is RH-4. The building does not have elevators. This is a multi-tenant building.

Property profile

Verified
Property type Office Spaces
Year built 1985

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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