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    Property profile & analytics

    5255 Ronald Reagan Blvd Johnstown, CO 80534

    • Office buildings
    • 3,954 SF
    • 0.08 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    Dec 21, 2021
    $1,460,000
    Value Estimations
    $1,065,000
    Cap Rate Potential
    5.4%
    Office buildings
    Location Intelligence
    Property ID
    US13-1157540
    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 5255 Ronald Reagan Blvd

    Year built
    2007
    Construction
    WOOD FRAME
    Lot size
    0.08 lot acres
    Property size
    3,954 SF
    Property type
    Office buildings
    APN
    85151-19-001
    APU
    8515119001

    Description

    This exceptional Class A office condominium complex, Ridgeview Office Condominiums, presents a unique investment opportunity in Johnstown, Colorado. Located at 5255 Ronald Reagan Blvd, near US Hwy 34, this two-story building offers stunning western views and convenient access to shopping, dining, and major transportation routes. The property boasts a total of 9,826 square feet, divided into four suites, with 5,146 square feet currently available. Individual suites range from a minimum of 2,305 square feet to a maximum contiguous space of 5,146 square feet, providing flexibility for various business needs. Built in 2007, the building features a 10-foot ceiling height, adding to the spacious feel. Amenities include elevators and convenient access to the vibrant communities of Loveland, Fort Collins, Greeley, Boulder, Longmont, and Denver. The property is zoned PUD and offers both creative and traditional office spaces, making it ideal for a variety of businesses. Property taxes are $10.12 per square foot. This is a rare opportunity to acquire prime office space in a thriving Colorado location. Don't miss out on this chance to secure your ideal workspace in this sought-after development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000
      ML approach
      $1,250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $995,000
      6.5%
      $920,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,102,000
      Market price range: $573k - $1.10M
      AI Estimate
      $940,000
      Market price range: $296k - $941k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $780,000
      Current use
      MEDICAL BUILDING
      $1,220,000
      Change: +57% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,035,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $830,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Larimer
    State
    Colorado
    Longitude
    -104.988
    Latitude
    40.4043
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, 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
    $49,060
    $30,551
    $378,185
    $408,736
    -
    $109,500
    $1,355,500
    $1,465,000

    Comparable in this City

    • Value Estimation
      $625,000
      2,366 SF

      4750 Larimer Pkwy

      OFFICE BUILDING • 2,366 SF
      4750 Larimer Pkwy, Johnstown, CO 80534-8912
      View Details
    • Value Estimation by Request
      1,989 SF

      5255 Ronald Reagan Blvd, Unit 101

      OFFICE BUILDING • 1,989 SF
      5255 Ronald Reagan Blvd, Johnstown, CO 80534-6501
      View Details
    • Value Estimation
      $995,000
      4,973 SF

      4848 Thompson Pkwy3a

      OFFICE BUILDING • 4,973 SF
      4848 Thompson Pkwy3a, Johnstown, CO 80534-6433
      View Details
    • Value Estimation
      $975,000
      3,913 SF

      6766 County Rd 18

      OFFICE BUILDING • 3,913 SF
      6766 County Rd 18, Johnstown, CO 80534-4015
      View Details
    • Value Estimation by Request
      0.18 Acres

      Valleywood

      OFFICE BUILDING • 0.18 Acres
      Valleywood, Johnstown, CO 80534
      View Details
    • Value Estimation by Request
      864 SF

      112 Es 1st St

      OFFICE BUILDING • 864 SF
      112 Es 1st St, Johnstown, CO 80534-9077
      View Details

    Similar Nearby for Sale

    • $5,800,000
      27,856 SF

      Johnstown Center: Prime Investment

      Colorado Shopping Center, High Occupancy
      257 Johnstown Center Dr, Johnstown, CO 80534
      View Details
    • $1,200,000
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      Johnstown Medical Office - $1.2M

      Prime Medical Office, 5,651 sq ft
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    • Contact for pricing
      7.10 Acres

      Johnstown Commercial Land - 7 Acres

      Prime I-25 & Hwy 60 location, ideal for hotel or senior housing.
      0 Sec I-25 & Hwy 60, Johnstown, CO 80534
      View Details
    • Contact for pricing

      Prime Land in Growing Area

      Land with exposure and access in Northern Colorado's growing area.
      8606 Southeast Frontage Rd, Loveland, CO 80534
      View Details
    • Contact for pricing

      Land for Commercial and Industrial

      Land suitable for distribution, manufacturing, or warehousing.
      3600 Ronald Reagan Blvd, Johnstown, CO 80534
      View Details
    • $5,950,000

      Restaurant Opportunity Near I-25

      Turnkey restaurant or redevelopment opportunity near I-25 and Highway 34.
      4801 Thompson Pkwy, Johnstown, CO 80534
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      9,826 SF

      Ridgeview Office Condos: Johnstown, CO

      Modern Office Suites, Mountain Views
      5255 Ronald Reagan Blvd, Johnstown, CO 80534
      View Details
    • $17 SF/Yr
      5,651 SF

      Johnstown Medical Office Space

      High-end, 5,651 SF medical office for lease.
      4775 Larimer Pkwy, Johnstown, CO 80534
      View Details
    • $14 SF/Yr

      Industrial Flex Units For Lease

      Industrial flex units with office and showroom in Johnstown.
      4521 Endeavor Dr, Johnstown, CO 80534
      View Details
    • $14 SF/Yr

      Industrial Flex Units For Lease

      Industrial flex units with office and showroom in Johnstown.
      4521 Endeavor Dr, Johnstown, CO 80534
      View Details
    • $7 SF/Yr
      22,800 SF

      High-Bay Warehouse Space Available

      Temperature-controlled warehouse space in a central Northern Colorado location.
      4200 Ronald Reagan Blvd, Johnstown, CO 80534
      View Details
    • $9 SF/Yr
      16,017 SF

      6766 CR 18 - South Complex

      Distribution properties • 16,017 SF
      6766 County Road 18, Johnstown, CO 80534
      View Details
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    5255 Ronald Reagan Blvd
    Johnstown, CO 80534
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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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