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

    207 Carr Ave Lafayette, CO 80026-1055

    • Industrial properties
    • 1,920 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2024
    $950,000
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    2.9%
    Industrial properties
    Location Intelligence
    Property ID
    US13-0075172
    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

    • Astral Communications Inc. / Store

    Property Details for 207 Carr Ave

    Year built
    1999
    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Property size
    1,920 SF
    Zone code
    2120
    Property type
    Industrial properties
    APN
    1575-03-1-06-002
    APU
    157503106002

    Description

    This exceptional 3,072 square foot flex building in Lafayette, Colorado, presents a unique owner-user opportunity. Located at 207 N Carr Ave, 80026, this two-story structure offers a versatile blend of industrial and office space. The building boasts approximately 1,000 square feet of warehouse space, featuring an 18-foot clear height, a drive-in door, and a mezzanine for added storage or workspace. The approximately 2,000 square feet of office space is divided across two floors, each equipped with several private offices, a conference room, a kitchenette, and a bathroom. Recent upgrades include a new roof and new windows, enhancing both functionality and energy efficiency. The property also includes a private parking lot, providing ample space for employees and clients. The flexible layout offers the potential to divide the office floors, accommodating multiple tenants if desired. This central Lafayette location provides easy access to Highway 287 and is just minutes from Old Town Lafayette, offering convenient access to amenities and a vibrant community. The asking price for this exceptional property is $950,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $815,000
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $804,000
      Market price range: $326k - $805k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $525,000
      Current use
      AUTO REPAIR, GARAGE
      $895,000
      Change: +71% Conversion: Easy
      OFFICE BUILDING
      $865,000
      Change: +65% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Boulder
    State
    Colorado
    Longitude
    -105.099
    Latitude
    39.9998
    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
    $29,723
    $96,060
    $245,214
    $341,274
    -
    $344,300
    $878,901
    $1,223,201

    Comparable in this City

    • Value Estimation
      $510,000
      48,400 SF

      2600 Campus Dr

      INDUSTRIAL (GENERAL) • 48,400 SF
      2600 Campus Dr, Lafayette, CO 80026-3357
      View Details
    • Value Estimation
      $215,000
      2,109 SF

      1216 Commerce Ct Ste, Unit 10

      CONDOMINIUMS (INDUSTRIAL) • 2,109 SF
      1216 Commerce Ct Ste, Lafayette, CO 80026-2474
      View Details
    • Value Estimation
      $295,000
      2,126 SF

      1216 Commerce Ct Ste, Unit 6

      CONDOMINIUMS (INDUSTRIAL) • 2,126 SF
      1216 Commerce Ct Ste, Lafayette, CO 80026-2474
      View Details
    • Value Estimation
      $625,000
      23,400 SF

      620 Aspen Rdg Dr

      INDUSTRIAL (GENERAL) • 23,400 SF
      620 Aspen Rdg Dr, Lafayette, CO 80026
      View Details
    • Value Estimation
      $360,000
      7,856 SF

      515 Courtney Way

      INDUSTRIAL (GENERAL) • 7,856 SF
      515 Courtney Way, Lafayette, CO 80026-8869
      View Details
    • Value Estimation
      $460,000
      17,091 SF

      520 Courtney Way

      INDUSTRIAL (GENERAL) • 17,091 SF
      520 Courtney Way, Lafayette, CO 80026-8870
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,800 SF

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      28,800 SF Warehouse, Net Lease, 100% Occupied
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    • $1,225,000
      3,924 SF

      Lafayette Flex Space: Prime Location

      Two-building flex space, ideal for diverse uses.
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      Vista Business Park Condos

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      20,901 SF

      Industrial Warehouse and Office Space

      Class A flex space in Boulder County with office finish.
      1355 Horizon Ave, Lafayette, CO 80026
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    • $1,225,000
      3,924 SF

      Lafayette Office Complex - Prime Location

      Two Buildings, High-Power, Versatile Space
      211 Simpson St, Lafayette, CO 80026
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,660 SF

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    • $16 SF/Yr
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      Showroom-quality office and warehouse space with modern amenities.
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    • $7 SF/Yr
      25,000 SF

      Lafayette Warehouse with Ample Parking

      Warehouse space with parking and highway access in Lafayette, Colorado.
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      View Details
    • $15 SF/Yr
      3,015 SF

      Lafayette Warehouse Suites Available

      Warehouse suites in Lafayette with easy highway access.
      1219 Rock Creek Cir, Lafayette, CO 80026
      View Details
    • Contact for pricing
      5,150 SF

      Lafayette Flex Space Available

      Flex space with built-out office and drive-in loading.
      2655 Crescent Dr, Lafayette, CO 80026
      View Details
    • $5,500 /Mo
      5,000 SF

      Spacious Warehouse with Yard

      Open warehouse with office, restroom, yard, and easy access.
      10538 Arapahoe Rd, Lafayette, CO 80026
      View Details
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    207 Carr Ave
    Lafayette, CO 80026-1055
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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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