257 Johnstown Ctr Dr Johnstown, CO 80534-7846
Property profile & analytics
257 Johnstown Ctr Dr Johnstown, CO 80534-7846
- Investment properties
- 27,856 SF
- 2.29 lot acres
Property ID
US13-0953524
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.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 257 Johnstown Ctr Dr
- Year built
- 2005
- Lot size
- 2.29 lot acres
- Property size
- 27,856 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- R2807604
- APU
- R2807604
Description
This exceptional 27,856 square foot mixed-use property in Johnstown, Colorado, presents a compelling investment opportunity. Built in 2005, the Class B, two-story building boasts 100% occupancy and a strong pro-forma cap rate of 6.58%. The 24,378 square feet of net rentable space is currently home to 18 diverse businesses, including retail tenants such as two restaurants, a liquor store, café, hair and nail salons, dentists, massage therapy, and H&R Block. The upper level features 5,848 square feet of office space occupied by eight businesses. Located at 257 Johnstown Center Dr, Johnstown, CO 80534, on a 2.295-acre lot, the center offers 125 parking spaces (a 4.49:1,000 sq ft ratio). The property benefits from significant recent improvements, repositioning it as Johnstown's premier business center. The asking price is $5,800,000, translating to $208.21 per square foot. The property features built-in rent bumps and is situated in a rapidly growing area with convenient access to major transportation corridors including I-25, Hwy-60, and Hwy-34. This stabilized investment offers low maintenance and professional management, making it an easy-to-own asset with significant upside potential. The average leasable space size is 1,354 square feet, contributing to a diversified tenant base. Financial records show a pro-forma NOI of $381,387. The property is zoned for commercial use.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,814,000
- AI Estimate
- $3,394,000
Market price range: $2.40M - $6.44MMarket price range: $891k - $4.44M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,025,000 Current use
- AUTO REPAIR, GARAGE
- $7,295,000 Change: +81% Conversion: Difficult
- RETAIL STORES
- $5,850,000 Change: +45% Conversion: Easy
- OFFICE BUILDING
- $5,480,000 Change: +36% Conversion: Easy
- RESTAURANT
- $5,325,000 Change: +32% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $4,960,000 Change: +23% Conversion: Moderate
- MEDICAL BUILDING
- $4,645,000 Change: +16% Conversion: Easy
- WAREHOUSE, STORAGE
- $4,110,000 Change: +2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Johnstown
- County
- Weld
- State
- Colorado
- Longitude
- -104.907
- Latitude
- 40.3336
- CBSA code
- 24540
- CBSA name
- GREELEY, 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
$98,762
$230,010
$845,460
$1,075,470
-
$824,423
$3,030,320
$3,854,743
