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    1446 Hover St Longmont, CO 80501
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    Property profile & analytics

    1446 Hover St, Longmont, CO 80501

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    • Medical Office Space
    • 9,084 SF
    • 0.51 lot acres
    For Lease
    $475/Mo
    View Listing →
    North Longmont Small Office Suites For Lease
    $475/Mo

    North Longmont Small Office Suites

    Small office suites in medical building, great location, ample parking.

    1446 Hover St, Longmont, CO 80501
    View Listing
    Property ID
    US13-0093256
    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.
    Value Estimations
    $505,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ashley Roueche / Counselor / Practitioner Service Location
    • Left Hand Laser Studio / Skin Care Clinic
    • Integrative Traditions Massage and Wellness / Alternative Medicine Practice / Spa & Massage Center
    • Bliss Massage Therapy / Alternative Medicine Practice / Spa & Massage Center
    • Dr. Casey Kochevar / Dental Office

    Property Details for 1446 Hover St

    Year built
    1976
    Construction
    BRICK
    Lot size
    0.51 lot acres
    Zone code
    2137
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1205-33-2-16-002
    APU
    120533216002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 5, 2020 — Kochevar Properties LLC — Deed · related $809k · First Citizens Bk
    Aug 18, 2006 — Kochevar Properties LLC Kochevar,casey L Quit Claim Deed —
    Mar 2, 2006 $1,000,000 Casey L Kochevar Jorgensen,roger L & Donna J Warranty Deed $800k · Roger L & Donna J Jorgensen
    — — Kochevar Properties LLC — Deed Of Trust · related $784k · Bank Of The West
    — — Kochevar Properties LLC — Deed Of Trust · related $809k · First Citizens Bk

    Description

    This exceptional Longmont, CO property, located at 1446 Hover Street, offers 10,486 square feet of office space in a two-story building constructed in 1976. Currently, 1,139 square feet are vacant, divisible into suites ranging from 148 to 255 contiguous square feet. The building is zoned Residential Mixed (R-MN) and situated in Boulder County, zip code 80501. The suites are ideal for executive or medical office uses, with four renovated units (250 B, C, D, and E) currently available on the second floor. Amenities include a shared lobby, restrooms, and kitchenette. Ample on-site parking is provided in both the front and rear of the building. The location is highly convenient, with nearby access to Safeway, Starbucks, restaurants, shopping, and banking. A virtual tour is available. The property does not have an elevator.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $621,000
      Market price range: $497k - $1.40M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $820,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.13
    Latitude
    40.1847
    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
    $43,303
    $134,785
    $332,540
    $467,325
    -
    $483,100
    $1,191,900
    $1,675,000

    Comparable in this City

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    • Value Estimation
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      107,805 SF

      1551 Professional Ln

      MEDICAL BUILDING
      1551 Professional Ln, Longmont, CO 80501-6972
      View Details
    • Value Estimation by Request
      3,453 SF

      1309 Sunset St

      MEDICAL BUILDING
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      View Details
    • Value Estimation by Request
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      1266 Hover St

      MEDICAL BUILDING
      1266 Hover St, Longmont, CO 80501-7902
      View Details
    • Value Estimation
      $2,365,000
      26,378 SF

      220 Rogers Rd

      MEDICAL BUILDING
      220 Rogers Rd, Longmont, CO 80501-6027
      View Details
    • Value Estimation by Request
      7,434 SF

      1330 Sunset St

      MEDICAL BUILDING
      1330 Sunset St, Longmont, CO 80501-3218
      View Details

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    Similar Nearby for Lease

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      Longmont Office and Medical Suites

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      Turnkey Restaurant/Medical Office Space

      Endcap unit with open floor plan and patio area.
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      Renovated Office Space Near Hospital

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      View Details
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    Longmont, CO 80501
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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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