Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    320 2Nd Ave Longmont, CO 80501
    Back to Search
    Property profile & analytics

    320 2Nd Ave, Longmont, CO 80501

    View on Map
    • Wedding venues
    • 19,104 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wedding venues

    Property Details for 320 2Nd Ave

    Property type
    Wedding venues
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 19,104 square foot Class B office building, located at 320 2nd Ave in Longmont, Colorado (zip code 80501), presents a unique opportunity for lease. Situated in the Boulder/Longmont submarket of Boulder County, this property boasts a rich history as a former granary, now beautifully renovated to offer versatile space ideal for office, retail, or event uses. The building features soaring ceilings and industrial charm, retaining its agricultural heritage while embracing modern functionality. Multiple tenancy options are available, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 19,104 square feet. Currently, the entire 19,104 square feet is vacant and ready for immediate occupancy. The second and third floors offer spaces ranging from 3,500 to 16,000 square feet. Adding to the property's appeal, a new food hall is slated to open on the ground floor in early 2025, enhancing the already vibrant downtown Longmont area. This adaptable space allows for creative vision and offers a chance to be part of a revitalized piece of Longmont's heritage. The property's location in the heart of downtown Longmont provides excellent visibility and accessibility.

    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
    -105.099
    Latitude
    40.1622

    Comparable in this City

    • Value Estimation by Request
      155,904 SF

      2255 Main St

      Individual retail properties
      2255 Main St, Longmont, CO 80501
      View Details
    • Value Estimation by Request
      4,647 SF

      324 Main St

      Office Units
      324 Main St, Longmont, CO 80501
      View Details
    • Value Estimation by Request

      1139 Francis St

      Retail properties & Spaces
      1139 Francis St, Longmont, CO 80501
      View Details
    • Value Estimation by Request
      2,772 SF

      639 Ken Pratt Blvd

      Retail properties & Spaces
      639 Ken Pratt Blvd, Longmont, CO 80501
      View Details
    • Value Estimation by Request

      624 Sunset St

      Office Units
      624 Sunset St, Longmont, CO 80501
      View Details
    • Value Estimation by Request
      2,578 SF

      1252 Hover St

      Restaurants
      1252 Hover St, Longmont, CO 80501
      View Details

    Similar Nearby for Sale

    • $2,650,000
      25,365 SF

      Downtown Longmont Historic Retail Gem

      Prime Multi-Use Building, Historic Charm
      380 Main St, Longmont, CO 80501
      View Details
    • $300,000
      1,064 SF

      Longmont Retail Space - $300K

      High-traffic retail building, ideal for auto-related businesses.
      622 Missouri Ave, Longmont, CO 80501
      View Details
    • $325,000

      High Visibility Pad Site

      Commercial land with high visibility, suitable for retail.
      2306 17Th Ave, Longmont, CO 80501
      View Details
    • Contact for pricing

      Longmont Mixed-Use Development Opportunity

      0.92-acre mixed-use development site in Longmont's North Main corridor.
      2351 N Main St, Longmont, CO 80501
      View Details
    • $1,490,000
      7,204 SF

      Longmont Office Building - Prime Location

      7,204 SF Office, Ample Parking, High Visibility
      24 9Th Ave, Longmont, CO 80501
      View Details
    • Contact for pricing
      2,000 SF

      Longmont Ground Lease Opportunity

      New 15-year NNN ground lease with rental increases.
      345 Ken Pratt Blvd, Longmont, CO 80501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,400 SF

      Turnkey Restaurant/Medical Office Space

      Endcap unit with open floor plan and patio area.
      1600 Hover St, Longmont, CO 80501
      View Details
    • Contact for pricing
      2,443 SF

      Versatile Flex Space Available

      Adaptable office/industrial/flex space near Village at the Peaks.
      1833 Sunset Pl, Longmont, CO 80501
      View Details
    • Contact for pricing

      Versatile Office Space in Longmont

      3,490 SF office space suitable for various businesses.
      917 S Main St, Longmont, CO 80501
      View Details
    • $1,995 /Mo

      941 Main St, Unit b1

      Commercial Space Available – Unit B | 941 Main Street, Longmont, CO 80501
      941 Main St, Longmont, CO 80501
      View Details
    • $24 SF/Yr
      1,974 SF

      Longmont Executive Office Suite

      1,974 SF Office, Prime Location
      2100 Main St, Longmont, CO 80501
      View Details
    • Contact for pricing
      2,380 SF

      Drive-Thru Restaurant Space Available

      2,380 SF drive-thru restaurant space on Main Street.
      1743 Main St, Longmont, CO 80501
      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.
    320 2Nd Ave
    Longmont, CO 80501
    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
    320 2Nd Ave, Longmont, CO, 80501
    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!