Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2840 28Th St Boulder, CO 80301

    • Commercial real estate
    • 3,316 SF
    • 0.46 lot acres
    For Lease
    View listing
    Last Sale
    Aug 20, 2020
    $1,750,000
    Value Estimations
    $1,785,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0379568
    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

    • KM Solutions IT LLC / Computer & Electronic Repair
    • Salas Fashion / (Bike/Boat/Book/etc) Store

    Property Details for 2840 28Th St

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.46 lot acres
    Property size
    3,316 SF
    Zone code
    2112
    Property type
    Commercial real estate
    APN
    1463-29-2-00-023
    APU
    146329200023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,850,000
      ML approach
      $1,890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,673,000
      Market price range: $931k - $1.67M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,300,000
      Current use
      AUTO REPAIR, GARAGE
      $1,545,000
      Change: +19% Conversion: Difficult
      OFFICE BUILDING
      $1,465,000
      Change: +13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.258
    Latitude
    40.028
    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
    $41,442
    $390,600
    $97,650
    $488,250
    -
    $1,400,000
    $350,000
    $1,750,000

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      4771 26th St

      COMMERCIAL (GENERAL) • 1,840 SF
      4771 26th St, Boulder, CO 80301
      View Details
    • Value Estimation by Request
      4.28 Acres

      5450 Airport Blvd

      Land • 40,000 SF
      5450 Airport Blvd, Boulder, CO 80301
      View Details
    • Value Estimation
      $2,315,000
      7,560 SF

      3805 Iris Ave

      COMMERCIAL (GENERAL) • 7,560 SF
      3805 Iris Ave, Boulder, CO 80301
      View Details
    • Value Estimation
      $2,315,000
      7,560 SF

      3805 Iris Ave

      COMMERCIAL (GENERAL) • 7,560 SF
      3805 Iris Ave, Boulder, CO 80301
      View Details
    • Value Estimation
      $2,575,000
      6,934 SF

      2805 Pearl St

      COMMERCIAL (GENERAL) • 6,934 SF
      2805 Pearl St, Boulder, CO 80301-1129
      View Details
    • Value Estimation
      $1,950,000
      6,649 SF

      3200 Valmont Rd

      COMMERCIAL (GENERAL) • 6,649 SF
      3200 Valmont Rd, Boulder, CO 80301-2137
      View Details

    Similar Nearby for Sale

    • $399,000
      1,269 SF

      Boulder Commercial Condo - Great Location

      1269 sq ft, 1.24 acres, $399,000
      5485 Conestoga 230 Ct, Boulder, CO 80301
      View Details
    • $594,960
      2,010 SF

      Boulder Office Condo - Gunbarrel

      Mountain Views, Flexible Zoning, Great Location
      6658 Gunpark 300 Dr, Boulder, CO 80301
      View Details
    • $2,100,000
      8,989 SF

      Gunbarrel Commercial Building - Boulder, CO

      Prime Boulder location, versatile commercial space.
      6620 Gunpark Dr, Boulder, CO 80301
      View Details
    • $5,500,000
      22,065 SF

      Boulder Commercial Space - Prime Location

      Spacious warehouse, offices, & ample parking.
      5335 Sterling Dr, Boulder, CO 80301
      View Details
    • $1,124,500
      4,063 SF

      Luxury Duplex with Panoramic Views

      Luxury North Boulder duplex with outdoor living spaces and designer touches.
      3734 Ridgeway St, Boulder, CO 80301
      View Details
    • $2,950,000

      Edge of Boulder Acreage Opportunity

      18.29 acres near Boulder with building potential.
      5273 Independence Rd, Boulder, CO 80301
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      9,796 SF

      Boulder Office Space for Lease

      Modern office & flex space in prime Boulder location.
      3002 Sterling Cir, Boulder, CO 80301
      View Details
    • Contact for pricing
      61,466 SF

      Prime Boulder Office Space

      Class A Office, Medical, Central Boulder
      4740 Pearl Pkwy, Boulder, CO 80301
      View Details
    • $20 SF/Yr
      10,526 SF

      Flatiron Parkway Office Space

      Boulder Office: Modern, Convenient, & Collaborative
      5665 Flatiron Pkwy, Boulder, CO 80301
      View Details
    • $8 SF/Yr
      5,711 SF

      Boulder Office Space for Lease

      Flexible Offices, Coworking & More
      3065 Center Green Dr, Boulder, CO 80301
      View Details
    • Contact for pricing
      6,689 SF

      East Boulder Flex Space - HighPoint

      6,689 SF Flex Space; Prime Location
      5435 Airport Blvd, Boulder, CO 80301
      View Details
    • $16 SF/Yr
      3,816 SF

      Boulder Flex Space: Twin Lakes

      Prime Boulder office/flex space available.
      4665 Nautilus Ct, Boulder, CO 80301
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      1.8k
    • Avg Time on site
      23 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2840 28Th St
    Boulder, CO 80301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.