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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Office buildings
3405 Penrose Pl Boulder, CO 80301-1818
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0730042
Property summary
AI-generated overview
This exceptional 729-square-foot executive office suite in Boulder, Colorado, offers a tranquil work environment. Located at 3405 Penrose Pl, Boulder, CO 80301, this single-tenant space is situated within a professionally managed office park, providing easy access to all that Boulder has to offer. The office boasts abundant natural light, creating a bright and inviting atmosphere. A private patio provides an outdoor space for relaxation or informal meetings. The interior layout features a thoughtful blend of closed and open workspaces, catering to diverse work styles and team needs. This property is perfect for businesses seeking a peaceful and productive workspace in a desirable location. The office is categorized as an Executive Office within Boulder County. The property is a single-tenant occupancy, ensuring privacy and control over the space. Its prime location in Boulder offers easy access to local amenities and transportation. This is an exceptional opportunity to secure a high-quality office space in a sought-after area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
11,370 SF
Lot
0.86 ac (37,331 SF)
Zoning code
2120
APN
1463-20-1-06-003
UPID
US13-0730042
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Aweida-Ross Lisa Physician Medical Clinic
-
StepStone Assessment LLC Physician Medical Clinic
-
Fraser Kari PhD Physician Medical Clinic
-
Dr. Jan T. Raynak, MD Physician
-
Shelter Insurance - Andrew Goldfarb Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$2.20M
Owner & transaction history
Penrose Property LLC · 1 yrs held
Penrose Property LLC
since 2024
Last sale
$2.2M
3 recorded transactions
Zoning & alternative use
2120 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,200,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,625,000
7%
$2,435,000
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (Nov 12 2024)
Last sale anchor
$2.20M
Nov 12 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$78,795
Tax year 2023
Assessed value
$920,784
Assessed 2023
Previous assessed
$595,950
+54.5% YoY
Effective rate
8.56%
On assessed value
Assessed land
$634,307
Assessed improvement
$286,477
Land market value
$2,273,500
Improvement market value
$1,026,800
Total market value
$3,300,300
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
11,370 SF
Lot
0.86 ac (37,331 SF)
Zoning code
2120
APN
1463-20-1-06-003
UPID
US13-0730042
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Boulder, CO
Zoning 2120 · permitted uses
2120 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boulder. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Penrose Property LLC
Entity
Mailing address
7240 COYOTE TRL, LONGMONT, CO 80503-9090
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$2,200,000
Penrose Property LLC
Diagonal Commons LLC
Special Warranty Deed
$2,000,000 · Diagonal Commons LLC
Jul 2, 2008
—
Diagonal Commons LLC
—
Trustees Deed
related
$100,000 · Modern Realty LLC
—
—
Diagonal Commons LLC
—
Deed Of Trust
related
$600,000 · Modern Realty LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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