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

    2490 Junction Pl Boulder, CO 80301

    • Office buildings
    • 60,000 SF
    • 0.85 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0883580
    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

    • Cassi’s Coffee by Cassiopeia / Coffee Shop
    • Sinch / Telecommunications Service Provider
    • Cadmus Group Inc / Professional Services
    • TransPerfect / Translation Service
    • RMI / Non-Profit Organization

    Property Details for 2490 Junction Pl

    Year built
    2016
    Construction
    CONCRETE
    Lot size
    0.85 lot acres
    Property size
    60,000 SF
    Zone code
    200
    Property type
    Office buildings
    APN
    1463-29-1-30-001
    APU
    146329130001

    Description

    This exceptional 2017-built retail space at 2490 Junction Place in Boulder, CO 80301, offers a bright and welcoming environment perfect for a personal service business or destination retail operation. The single-tenancy property boasts high-quality finishes, including polished concrete floors, stylish suspended lighting, and sound-absorbing acoustic ceiling clouds, creating a sophisticated and comfortable atmosphere. Its strategic location provides unparalleled convenience and accessibility. The property is surrounded by a vibrant array of amenities, including fitness centers, spas, yoga studios, coffee shops, a Whole Foods Market, and numerous restaurants, ensuring high foot traffic and customer convenience. On-site parking is readily available, and the property enjoys easy access to US 36, Pearl Street, and downtown Boulder. Adding to its appeal, the property is situated adjacent to the Goose Creek Bike Path, offering tenants free Eco Passes for convenient transportation options, including access to B-Cycle and Boulder Car Shares. This turnkey retail space presents a unique opportunity to establish or expand a business in a thriving and desirable location. The property's modern design and prime location combine to create an exceptional retail offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,995,000
      6.5%
      $13,840,000
      7%
      $12,855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,827,000
      Market price range: $1.29M - $15.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $23,490,000
      INDUSTRIAL (GENERAL)
      $23,160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.251
    Latitude
    40.0264
    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
    $655,228
    $618,794
    $5,854,006
    $6,472,800
    -
    $2,217,900
    $20,982,100
    $23,200,000

    Comparable in this City

    • Value Estimation
      $28,870,000
      103,489 SF

      2930 Pearl St

      OFFICE BUILDING • 103,489 SF
      2930 Pearl St, Boulder, CO 80301-1124
      View Details
    • Value Estimation
      $9,990,000
      36,587 SF

      3400 Valmont Rd

      OFFICE BUILDING • 36,587 SF
      3400 Valmont Rd, Boulder, CO 80301-2227
      View Details
    • Value Estimation
      $9,000,000
      43,021 SF

      2440 Jct Pl

      OFFICE BUILDING • 43,021 SF
      2440 Jct Pl, Boulder, CO 80301-1298
      View Details
    • Value Estimation
      $4,605,000
      29,699 SF

      6255 Longbow Dr

      OFFICE BUILDING • 29,699 SF
      6255 Longbow Dr, Boulder, CO 80301-3295
      View Details
    • Value Estimation
      $23,660,000
      167,491 SF

      6304 Spine Rd

      OFFICE BUILDING • 167,491 SF
      6304 Spine Rd, Boulder, CO 80301-3320
      View Details
    • Value Estimation
      $830,000
      4,292 SF

      2830 Valmont Rd

      OFFICE BUILDING • 4,292 SF
      2830 Valmont Rd, Boulder, CO 80301-1310
      View Details

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      Flex/warehouse building with office space in Boulder, Colorado for sale.
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    Similar Nearby for Lease

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      64,106 SF

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      New construction office space with mountain views and ample parking.
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      57,659 SF building for lease with office and R&D space.
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      Boulder Office Building For Rent

      Office building in central Boulder with outdoor balcony spaces.
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      East Boulder Build-to-Suit Opportunity

      Build-to-suit office space with mountain views and bike path access.
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      23,850 SF

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      View Details
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    Boulder, CO 80301
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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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