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    205 Public Rd Lafayette, CO 80026

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    205 Public Rd Lafayette, CO 80026

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    • Multifamily properties
    • 4,230 SF
    • 0.27 lot acres
    Off-Market
    Property ID
    US13-0158935
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Multifamily properties

    Property Details for 205 Public Rd

    Year built
    1947
    Lot size
    0.27 lot acres
    Property size
    4,230 SF
    Property type
    Multifamily properties

    Description

    This exceptional investment opportunity presents a nine-unit multifamily property ideally situated at 205 N Public in Lafayette, Colorado. The property boasts a prime location on Public Road with convenient alley access, offering significant potential for increased profitability. The 4,230 square foot complex sits on a 0.27-acre lot and comprises two buildings. The unit mix includes five efficiencies, three one-bedroom units, and one two-bedroom unit. Currently operating as multifamily housing, the property presents a compelling opportunity to capitalize on significantly under-market rental rates. A proforma analysis, utilizing Fair Market Rent (FMR) data, indicates a strong potential for increased cash flow. The B1 zoning and location within an Urban Renewal District further enhance the property's redevelopment potential, allowing for a variety of future uses. This property offers a rare combination of immediate income generation and long-term growth potential in a thriving Colorado community. The current rental income is below market value, presenting a clear path to immediate return on investment. Investors seeking a strong cash-flowing asset with significant upside in a desirable location should act quickly. The property's strategic location and zoning flexibility make it an attractive investment for both seasoned and emerging real estate investors. This is a chance to acquire a well-positioned multifamily property with substantial potential for value appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Boulder
    State
    Colorado
    Longitude
    -105.0908
    Latitude
    39.99946

    Comparable in this City

    • $1,400,000

      Old Town Lafayette Mixed-Use Property

      Mixed-use property in Old Town Lafayette with retail and residential.
      107 N Public Rd, Lafayette, CO 80026
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    • $1,400,000
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      Prime Lafayette Mixed-Use Investment

      Versatile mixed-use property in the heart of Old Town Lafayette.
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    • New
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      9-Acre Multi-Purpose Zoned Property

      9-acre property with two homes, suitable for various uses.
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      3,924 SF

      Lafayette Commercial Property For Sale

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      0.95 acre commercial pad site available for purchase.
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    Similar Nearby for Sale

    • $1,400,000

      Old Town Lafayette Mixed-Use Property

      Mixed-use property in Old Town Lafayette with retail and residential.
      107 N Public Rd, Lafayette, CO 80026
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    • $1,400,000
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      Prime Lafayette Mixed-Use Investment

      Versatile mixed-use property in the heart of Old Town Lafayette.
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      View Details
    • New
      $1,450,000
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      9-Acre Multi-Purpose Zoned Property

      9-acre property with two homes, suitable for various uses.
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      3,924 SF

      Lafayette Commercial Property For Sale

      Two buildings in Lafayette's business district, ideal for multiple uses.
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      Commercial Pad Site For Sale

      0.95 acre commercial pad site available for purchase.
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    Similar Nearby for Lease

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      Single Office with Kitchenette & Shower

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      Turnkey Office Space Available

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      1,511 SF

      Downtown Lafayette Retail Space Available

      Retail space in downtown Lafayette with high foot traffic.
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    205 Public Rd
    Lafayette, CO 80026
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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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