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

    305 Ken Pratt Blvd Longmont, CO 80501-8992

    • Turn key restaurants
    • 2,369 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2021
    $1,833,071
    Value Estimations
    $1,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2675744
    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

    • Taco Palace Longmont / Taco Restaurant

    Property Details for 305 Ken Pratt Blvd

    Year built
    2006
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Property size
    2,369 SF
    Zone code
    2134
    Property type
    Turn key restaurants
    APN
    1315-10-0-46-002
    APU
    131510046002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,390,000
      ML approach
      $2,120,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,914,000
      Market price range: $575k - $1.91M

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

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.098
    Latitude
    40.152
    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
    $50,096
    $248,812
    $196,500
    $445,312
    -
    $891,800
    $704,300
    $1,596,100

    Comparable in this City

    • Value Estimation by Request
      3,774 SF

      1091 Hover St

      RESTAURANT • 3,774 SF
      1091 Hover St, Longmont, CO 80501-7908
      View Details
    • Value Estimation by Request
      3,154 SF

      1258 Hover St

      RESTAURANT • 3,154 SF
      1258 Hover St, Longmont, CO 80501-7902
      View Details
    • Value Estimation by Request
      2,730 SF

      2010 Ken Pratt Blvd

      RESTAURANT • 2,730 SF
      2010 Ken Pratt Blvd, Longmont, CO 80501-6587
      View Details
    • Value Estimation by Request
      2,090 SF

      64 Ken Pratt Blvd

      RESTAURANT • 2,090 SF
      64 Ken Pratt Blvd, Longmont, CO 80501-9004
      View Details
    • Value Estimation by Request
      3,273 SF

      2150 Main St

      RESTAURANT • 3,273 SF
      2150 Main St, Longmont, CO 80501-1587
      View Details
    • Value Estimation by Request
      3,481 SF

      2250 Main St

      RESTAURANT • 3,481 SF
      2250 Main St, Longmont, CO 80501-1419
      View Details

    Similar Nearby for Sale

    • $1,200,000
      5,276 SF

      Ground-Level Office/Retail Space Available

      Updated office/retail space with frontage on Coffman Street.
      418 Coffman St, Longmont, CO 80501
      View Details
    • $2,650,000
      25,365 SF

      Downtown Longmont Historic Retail Gem

      Prime Multi-Use Building, Historic Charm
      380 Main St, Longmont, CO 80501
      View Details
    • $1,250,000
      11,441 SF

      Main Street Retail/Office Opportunity

      Retail/office property on Main Street in Longmont, Colorado.
      1630 Main St, Longmont, CO 80501
      View Details
    • $4,250,000
      14,900 SF

      High-Visibility Longmont Retail Space

      Prime corner lot, 14,900 sq ft, lease or sale.
      600 Main St, Longmont, CO 80501
      View Details
    • $1,053,000
      3,510 SF

      Retail Condo in Vibrant Community

      Lease-to-own retail condo in Longmont, closings anticipated February 2026.
      110 Emery St, Longmont, CO 80501
      View Details
    • $2,500,000

      Mixed-Use Building in Downtown Longmont

      Mixed-use building with retail, residential, and development potential.
      418 Main St, Longmont, CO 80501
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      5,400 SF

      Turnkey Restaurant/Medical Office Space

      Endcap unit with open floor plan and patio area.
      1600 Hover St, Longmont, CO 80501
      View Details
    • $8 SF/Yr
      1,495 SF

      Retail Space with Main St Frontage

      Retail space with expansive glass, natural light, and dedicated parking.
      110 Main St, Longmont, CO 80501
      View Details
    • Contact for pricing
      4,019 SF

      Retail Space on Highway 287

      Retail and restaurant spaces available in Longmont, Colorado.
      1727-1755 Main St, Longmont, CO 80501
      View Details
    • $28 SF/Yr
      2,578 SF

      Longmont Drive-Thru Restaurant

      Prime Longmont location, 2,578 sq ft, drive-thru.
      1252 Hover St, Longmont, CO 80501
      View Details
    • Contact for pricing
      743 SF

      Retail Space with Food Hall

      Retail space available with new food hall coming Spring 2024.
      700 Ken Pratt Blvd, Longmont, CO 80501
      View Details
    • $29 SF/Yr
      2,200 SF

      Retail Space in Target Anchored Center

      Retail space available in Longmont, Colorado shopping center.
      589 S Hover St, Longmont, CO 80501
      View Details
    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.
    305 Ken Pratt Blvd
    Longmont, CO 80501-8992
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.