630 15Th Ave Longmont, CO 80501
- Commercial real estate
- 2,478 SF
- 1.73 lot acres
Current Use by Public Records
- Drain Solvers the pros / Plumber / Contractor
- Shell Center / Hair Removal Service
- Northern Colorado Endodontics / Endodontist
- Oral & Maxillofacial Surgery: Johnson Daniel P DDS / Oral Surgeon / Dental
- Dr. Wes Statley / Chiropractor
Property Details for 630 15Th Ave
- Year built
- 1959
- Construction
- BRICK
- Lot size
- 1.73 lot acres
- Property size
- 2,478 SF
- Zone code
- 2137
- Property type
- Commercial real estate
- APN
- 1205-34-2-63-001
- APU
- 120534263001
Description
This exceptional Class A executive office condo, located at 630 15th Ave in Longmont, Colorado (zip code 80501), presents a unique investment opportunity. The property boasts a total of 3,364 square feet of net rentable space, currently 40% occupied, with a tenant in place for a portion of the building. The asking price for the entire condo is $840,000. The building offers a flexible layout, suitable for owner-occupancy or leasing. A significant portion of the space is currently vacant, allowing for immediate customization to suit a variety of business needs. The existing tenant in suite 100 provides a potential income stream to offset expenses for an owner-occupier. The property is situated in the heart of downtown Longmont, offering convenient access to amenities and transportation. The building provides ample parking, with a ratio of 4 spaces per 1,000 square feet. This is a triple net (NNN) lease opportunity, making it an attractive investment for discerning buyers. The property is listed as vacant, but the existing tenant in suite 100 offers a unique opportunity for a blended owner-occupancy and rental income model. The condo is 18,000 square feet total, with 3,364 square feet currently available. This property is ideal for a business seeking a prominent location in a thriving Colorado community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $365,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $335,000
- Mixed-Use
- $420,000
- Hospitality
- $360,000
- Educational
- $415,000
- Residential Income
- $380,000
- Energy
- $340,000
- Income-Based Land
- $395,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Longmont
- County
- Boulder
- State
- Colorado
- Longitude
- -105.104
- Latitude
- 40.1854
- CBSA code
- 14500
- CBSA name
- BOULDER, CO METROPOLITAN STATISTICAL AREA