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

    2961 Broadway St Boulder, CO 80304-3132

    • Office buildings
    • 1,415 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2823307
    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

    • Office buildings

    Property Details for 2961 Broadway St

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    1,415 SF
    Zone code
    2112
    Property type
    Office buildings
    APN
    1461-25-1-37-013
    APU
    146125137013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.282
    Latitude
    40.0291
    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
    $20,527
    $125,323
    $123,558
    $248,881
    -
    $978,200
    $642,400
    $1,620,600

    Comparable in this City

    • Value Estimation
      $725,000
      2,240 SF

      2450 Broadway St

      OFFICE BUILDING • 2,240 SF
      2450 Broadway St, Boulder, CO 80304-4109
      View Details
    • Value Estimation
      $820,000
      5,130 SF

      2430 Broadway St

      OFFICE BUILDING • 5,130 SF
      2430 Broadway St, Boulder, CO 80304-4129
      View Details
    • Value Estimation
      $910,000
      4,202 SF

      2350 Broadway St

      OFFICE BUILDING • 4,202 SF
      2350 Broadway St, Boulder, CO 80304-4107
      View Details
    • Value Estimation by Request
      1,459 SF

      3011 Broadway St

      OFFICE BUILDING • 1,459 SF
      3011 Broadway St, Boulder, CO 80304-3134
      View Details
    • Value Estimation
      $865,000
      4,888 SF

      2334 Broadway St

      OFFICE BUILDING • 4,888 SF
      2334 Broadway St, Boulder, CO 80304-4139
      View Details
    • Value Estimation
      $1,325,000
      6,860 SF

      1143 Portland Pl

      OFFICE BUILDING • 6,860 SF
      1143 Portland Pl, Boulder, CO 80304-8217
      View Details

    Similar Nearby for Sale

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      Stand-Alone Office Building For Sale

      Stand-alone office building with long-term tenant in place.
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      Boulder Office Condo: Prime Location

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    • $626,875

      Uptown Broadway Commercial Unit

      Small commercial unit with excellent signage and visibility on Broadway.
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    • $750,000
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      Bright Office Condo in Boulder

      Modern office condo with parking and amenities in Washington Village.
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    • $625,000

      Bright Office Condo For Sale

      West-facing office condo with parking and shared amenities.
      2930 Broadway B-106, Boulder, CO 80304
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    • $625,000
      0.03 Acres

      Bright Condo with Open Floorplan

      West-facing condo with conference room, kitchenette, and parking.
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    Similar Nearby for Lease

    • $1,595 /Mo
      1,016 SF

      North Boulder Office Space Available

      Open-plan office space near Pearl Street with parking.
      2430 Broadway St, Boulder, CO 80304
      View Details
    • $25 SF/Yr
      12,038 SF

      Office Space with Natural Light

      Office space featuring excellent views, natural light, and convenient access.
      3107 Iris Ave, Boulder, CO 80304
      View Details
    • $15 SF/Yr
      9,400 SF

      Boulder Creative Office Space

      9,400 SF Office, Newly Renovated, Mountain Views
      3050 Broadway, Boulder, CO 80304
      View Details
    • $19 SF/Yr
      2,473 SF

      Boulder Office/Retail Condo for Sale/Lease

      North Boulder gem: 6 offices, meeting room, kitchen. Excellent location.
      1200 Yarmouth Ave, Boulder, CO 80304
      View Details
    • $600 /Mo
      300 SF

      Renovated Office Space in Boulder

      Interior office suite with shared amenities in North Boulder.
      3050 Broadway St, Boulder, CO 80304
      View Details
    • $18 SF/Yr
      8,276 SF

      Bright Office Space with Views

      Two-story office space with high-quality finishes and incredible views.
      1495 Yarmouth Ave, Boulder, CO 80304
      View Details
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    2961 Broadway St
    Boulder, CO 80304-3132
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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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