211 Simpson St Lafayette, CO 80026
- Office buildings
- 2,774 SF
- 0.16 lot acres
Current Use by Public Records
- Tri-County Instruments / Aircraft Supply Store
Property Details for 211 Simpson St
- Year built
- 1968
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.16 lot acres
- Property size
- 2,774 SF
- Zone code
- 2120
- Property type
- Office buildings
- APN
- 1575-02-2-09-008
- APU
- 157502209008
Description
This exceptional commercial property, located at 211 E Simpson Street in Lafayette, Colorado, presents a unique investment opportunity. The property encompasses two distinct buildings totaling 3,924 square feet on a lot with no acreage specified. The main building offers 2,774 square feet of versatile office space, perfectly suited for a variety of businesses. Its prime location within Lafayette's thriving business district ensures high visibility and accessibility. Complementing the office space is a substantial 1,150 square foot garage/storage unit, ideal for equipment storage or light industrial operations. A significant advantage of this unit is its robust electrical service, estimated at 800 amps, 3-phase power, providing ample capacity for energy-intensive operations. The property's zoning allows for flexible use, accommodating office, retail, or light industrial tenants. The combination of prime location, ample space, and substantial power capacity makes this property an attractive proposition for businesses seeking a well-equipped and strategically located space in the heart of Lafayette's commercial sector. The asking price for this exceptional property is $1,225,000. This presents a rare opportunity to acquire a versatile and well-situated commercial property in a rapidly growing market. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $385,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $430,000
- Mixed-Use
- $355,000
- Hospitality
- $320,000
- Educational
- $395,000
- Residential Income
- $425,000
- Energy
- $315,000
- Income-Based Land
- $410,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Boulder
- State
- Colorado
- Longitude
- -105.088
- Latitude
- 39.9985
- CBSA code
- 14500
- CBSA name
- BOULDER, CO METROPOLITAN STATISTICAL AREA