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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1143 Portland Pl Boulder, CO 80304-8217

    • Office buildings
    • 6,860 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2022
    Value Estimations
    $415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0584413
    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

    • Julie Klingel Licensed Psychotherapist / Marriage Or Relationship Counselor
    • Warner Richard MD / Psychiatrist
    • Levidi Eleni / Psychotherapist
    • Colorado Recovery / Psychiatrist / Mental Health Service

    Property Details for 1143 Portland Pl

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    0.20 lot acres
    Property size
    6,860 SF
    Zone code
    2120
    Property type
    Office buildings
    APN
    1461-25-1-00-010
    APU
    146125100010

    Description

    This exceptional Boulder, CO commercial property at 1143 Portland Pl, zip code 80304, offers 2,800 square feet of immediately available space in a three-story, 5,687 square foot building. Built in 2014 and renovated in 2020, the Class B building features four suites, each a minimum of 1,400 square feet and a maximum of 2,800 contiguous square feet. The property is ideally suited for a variety of uses, including traditional office, executive office, medical office, flex space, creative office, R&D, and coworking. Amenities include 30 parking spaces, 110/240 power, and elevator access. The building boasts a prime location in Boulder's bustling hub, offering unparalleled visibility and accessibility near the Pearl Street Mall and Broadway. Four public lobby bathrooms provide convenience for tenants and clients. New tenant finishes are welcome, allowing for customization to meet specific business needs. Flexible lease terms are available to accommodate diverse business types and sizes. This is a unique opportunity to establish a presence in a vibrant and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.283
    Latitude
    40.0235
    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
    $57,980
    $328,969
    $350,787
    $679,756
    -
    $1,179,100
    $1,257,300
    $2,436,400

    Comparable in this City

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      $615,000
      2,240 SF

      2450 Broadway St

      OFFICE BUILDING • 2,240 SF
      2450 Broadway St, Boulder, CO 80304-4109
      View Details
    • Value Estimation
      $420,000
      5,130 SF

      2430 Broadway St

      OFFICE BUILDING • 5,130 SF
      2430 Broadway St, Boulder, CO 80304-4129
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    • Value Estimation
      $480,000
      4,202 SF

      2350 Broadway St

      OFFICE BUILDING • 4,202 SF
      2350 Broadway St, Boulder, CO 80304-4107
      View Details
    • Value Estimation
      $380,000
      1,459 SF

      3011 Broadway St

      OFFICE BUILDING • 1,459 SF
      3011 Broadway St, Boulder, CO 80304-3134
      View Details
    • Value Estimation
      $345,000
      4,888 SF

      2334 Broadway St

      OFFICE BUILDING • 4,888 SF
      2334 Broadway St, Boulder, CO 80304-4139
      View Details
    • Value Estimation
      $290,000
      1,200 SF

      2743 Mapleton Ave

      OFFICE BUILDING • 1,200 SF
      2743 Mapleton Ave, Boulder, CO 80304
      View Details

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    Similar Nearby for Lease

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      Vibrant Uptown Broadway Commercial Unit

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      Boulder Creative Office Space

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    1143 Portland Pl
    Boulder, CO 80304-8217
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    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
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