Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1118 Main St Longmont, CO 80501-3823

    • Investment properties
    • 3,368 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2020
    $1,000,000
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    4.3%
    Investment properties
    Location Intelligence
    Property ID
    US13-0680738
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • La Panda Mexican Restaurant II / Mexican Restaurant / Breakfast Restaurant

    Property Details for 1118 Main St

    Year built
    1970
    Construction
    CONCRETE BLOCKS
    Lot size
    0.68 lot acres
    Property size
    3,368 SF
    Zone code
    2140
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1205-34-4-09-012
    APU
    120534409012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,045,000
      ML approach
      $1,130,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,240,000
      Market price range: $644k - $1.24M
      AI Estimate
      $878,000
      Market price range: $169k - $879k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $930,000
      Current use
      AUTO REPAIR, GARAGE
      $1,320,000
      Change: +42% Conversion: Difficult
      OFFICE BUILDING
      $1,060,000
      Change: +14% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.102
    Latitude
    40.1786
    CBSA code
    14500
    CBSA name
    BOULDER, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,510
    $154,120
    $198,815
    $352,935
    -
    $552,400
    $712,600
    $1,265,000

    Comparable in this City

    • Value Estimation
      $285,000
      0.20 Acres

      Colorado Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.20 Acres
      Colorado Ave, Longmont, CO 80501
      View Details
    • Value Estimation
      $325,000
      0.28 Acres

      903 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.28 Acres
      903 Main St, Longmont, CO 80501-4512
      View Details
    • Value Estimation
      $460,000
      1.22 Acres

      1812 Boston Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1.22 Acres
      1812 Boston Ave, Longmont, CO 80501-7930
      View Details
    • Value Estimation
      $505,000
      7,320 SF

      1051 Hover St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,320 SF
      1051 Hover St, Longmont, CO 80501-8023
      View Details
    • Value Estimation
      $280,000
      1.22 Acres

      10 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.22 Acres
      10 Main St, Longmont, CO 80501-6214
      View Details
    • Value Estimation
      $275,000
      0.02 Acres

      506 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.02 Acres
      506 5th Ave, Longmont, CO 80501-5529
      View Details

    Similar Nearby for Sale

    • $2,500,000
      15,600 SF

      Downtown Longmont Mixed-Use Building

      Prime downtown location with retail, residential, and office potential.
      418-420 Main St, Longmont, CO 80501
      View Details
    • $649,000

      Versatile Mixed-Use Property Near Downtown

      Spacious 5-bedroom, 3-bath property ideal for investors or business owners.
      736 Kimbark St, Longmont, CO 80501
      View Details
    • $2,500,000

      Mixed-Use Building in Downtown Longmont

      Mixed-use building with retail, residential, and development potential.
      418 Main St, Longmont, CO 80501
      View Details
    • $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
    • $850,000
      1,749 SF

      Longmont Commercial Car Wash Opportunity

      High-traffic location, established business, growth potential.
      612 Missouri Ave, Longmont, CO 80501
      View Details
    • $1,250,000
      11,441 SF

      Main Street Retail/Office Opportunity

      Retail/office property on Main Street in Longmont, Colorado.
      1630 Main St, Longmont, CO 80501
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      11,680 SF

      Longmont Office Space for Lease

      Flex & Medical Office Suites Available
      1110 Boston Ave, Longmont, CO 80501
      View Details
    • $13 SF/Yr
      4,944 SF

      Longmont Flex Space Available

      Large flex space with offices, warehouse, and convenient amenities.
      1821 Lefthand Cir, Longmont, CO 80501
      View Details
    • $25 SF/Yr
      1,100 SF

      Downtown Longmont Turnkey Bar Space

      Turnkey bar space for sublease in downtown Longmont.
      600 Longs Peak Ave, Longmont, CO 80501
      View Details
    • $18 SF/Yr
      9,600 SF

      Longmont Flex Space Available

      9,600 SF flex space for lease in Longmont, Colorado.
      1910 Pike Rd, Longmont, CO 80501
      View Details
    • $22 SF/Yr
      1,250 SF

      Turnkey Restaurant in Central Longmont

      Turnkey restaurant in a popular neighborhood retail center.
      900 Coffman St, Longmont, CO 80501
      View Details
    • Contact for pricing
      5,079 SF

      Renovated Office Space in Longmont

      Turn-key office space with modern finishes and ample amenities.
      755 Delaware Ave, 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.
    1118 Main St
    Longmont, CO 80501-3823
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.