Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hover Rd & Fairgrounds Pkwy Longmont, CO 80504
    Back to Search
    Property profile & analytics

    Hover Rd & Fairgrounds Pkwy, Longmont, CO 80504

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hover Rd & Fairgrounds Pkwy

    Property type
    Land
    Property subtype
    Retail space

    Description

    This exceptional 2.05-acre commercial land parcel presents a rare opportunity within the thriving Fairgrounds Marketplace, a 26-acre retail and mixed-use development in Boulder County. This is the last remaining pad site available, offering unparalleled visibility and accessibility along Longmont's primary retail corridor. The property's strategic location ensures high traffic volume and immediate proximity to major national retailers, including Home Depot, Target, and King Soopers, guaranteeing significant customer draw and brand synergy. Ideal for developers seeking a build-to-suit opportunity or those interested in a ground lease arrangement, this site provides flexibility to tailor the development to specific business needs. The mixed-use nature of the surrounding development offers diverse opportunities for complementary businesses and creates a vibrant, dynamic environment. This is a unique chance to establish a strong presence in a high-demand retail area with exceptional visibility and access. The site's size and location make it perfect for a variety of commercial uses, offering substantial potential for return on investment. Don't miss this opportunity to secure the final pad site in this successful and expanding development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.131
    Latitude
    40.156

    Comparable in this City

    • Value Estimation by Request
      55.00 Acres

      Elevation Dr

      Land
      0 Elevation Dr, Firestone, CO 80504
      View Details
    • Value Estimation by Request
      231.00 Acres

      34 And I-25

      Land
      34 And I-25, Platteville, CO 80504
      View Details
    • Value Estimation by Request
      1.30 Acres

      3822 Co-119

      Land
      3822 Co-119, Longmont, CO 80504
      View Details
    • Value Estimation by Request
      103.00 Acres

      52 Nec Colorado Blvd. & Hwy

      Land
      52 Nec Colorado Blvd. & Hwy, Longmont, CO 80504
      View Details
    • Value Estimation by Request
      18.90 Acres

      3042 Co Rd

      Land
      3042 Co Rd, Longmont, CO 80504
      View Details
    • Value Estimation by Request
      4.21 Acres

      4606-4700 Falcon Pl

      Distribution properties
      4606-4700 Falcon Pl, Longmont, CO 80504
      View Details

    Similar Nearby for Sale

    • $239,000

      Prospect Land for Retail/Residential

      Land in Prospect ideal for retail and residential investment.
      1105 Neon Forest Cir, Longmont, CO 80504
      View Details
    • $450,000

      5.5-Acre Plot in Firestone

      5.5-acre plot in a rapidly growing area.
      5818 County Road 22, Longmont, CO 80504
      View Details
    • $2,600,000

      Land For Sale

      Land available for sale in Weld County.
      2832 County Road 20, Longmont, CO 80504
      View Details
    • Contact for pricing

      Longmont Land For Sale

      1.26 acre land available in Longmont, Colorado.
      1689 Vista View Dr, Longmont, CO 80504
      View Details
    • $845,000

      Land For Sale

      Land available in Boulder County.
      9715 Meadow Ridge Ln, Longmont, CO 80504
      View Details
    • $465,000

      Land For Sale

      Land available in Longmont, Colorado.
      1611 Skyway Dr, Longmont, CO 80504
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,125 SF

      Firestone Retail/Office Space Available

      7,125 SF retail or office space for lease.
      10945 Colorado Blvd, Firestone, CO 80504
      View Details
    • Contact for pricing
      1,715 SF

      Retail Space in Firestone Center

      Retail space available in a shopping center anchored by Home Depot.
      4275 City Center Rd, Firestone, CO 80504
      View Details
    • Contact for pricing
      1,200 SF

      Firestone Retail or Office Space

      Prime retail or office space in a high-traffic shopping center.
      8110-8196 Colorado Blvd, Firestone, CO 80504
      View Details
    • Contact for pricing

      Elevation 25: Prime I-25 Land

      55-Acre Commercial/Industrial Land in Firestone, CO
      0 Elevation Dr, Firestone, CO 80504
      View Details
    • Contact for pricing

      Retail/Office Suite Ready to Occupy

      Bright 1,275 SF retail/office suite with smart layout.
      11052 Cimarron St, Longmont, CO 80504
      View Details
    • Contact for pricing
      16,530 SF

      Retail Shops Available Q3 2025

      Retail shops available Q3 2025, adjacent to Walmart Supercenter.
      2070 Brien Ave, Longmont, CO 80504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Hover Rd & Fairgrounds Pkwy
    Longmont, CO 80504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Hover Rd & Fairgrounds Pkwy, Longmont, CO, 80504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!