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Property profile & analytics
FOR LEASE
Medical Office Space
1446 Hover St Longmont, CO 80501
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US13-0093256
For Lease
1 / 2
$475/Mo
1446 Hover St, Longmont, CO 80501
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
BRICK
Total area
9,084 SF
Lot
0.51 ac (22,041 SF)
Zoning code
2137
APN
1205-33-2-16-002
UPID
US13-0093256
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$505k
Owner & transaction history
Kochevar Properties LLC · 19 yrs held
Kochevar Properties LLC
since 2006
5 recorded transactions
Zoning & alternative use
2137 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$820,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$43,303
Tax year 2023
Assessed value
$467,325
Assessed 2023
Previous assessed
$376,565
+24.1% YoY
Effective rate
9.27%
On assessed value
Assessed land
$134,785
Assessed improvement
$332,540
Land market value
$483,100
Improvement market value
$1,191,900
Total market value
$1,675,000
Applied tax rate
680.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1976
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Total area
9,084 SF
Lot
0.51 ac (22,041 SF)
Zoning code
2137
APN
1205-33-2-16-002
UPID
US13-0093256
Jurisdiction
BOULDER
Zoning & alternative use
2137 · Longmont, CO
Zoning 2137 · permitted uses
2137 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$820,000
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Kochevar Properties LLC
Entity
Mailing address
2343 DOGWOOD CIR, ERIE, CO 80516-7944
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2020
—
Kochevar Properties LLC
—
Deed
related
$808,888 · 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
$800,000 · Roger L & Donna J Jorgensen
—
—
Kochevar Properties LLC
—
Deed Of Trust
related
$784,000 · Bank Of The West
—
—
Kochevar Properties LLC
—
Deed Of Trust
related
$808,888 · First Citizens Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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