Property profile

5265 Ronald Reagan Blvd Johnstown, CO 80534

OFF-MARKET
Office buildings
Property ID
US13-2306638
4,976 SF 0.17 ac lot Built 2016
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A medical office space, totaling 4,769 square feet, is available for lease in the prestigious Ridgeview Office Park in Johnstown, Colorado. Located on the second floor of a beautifully designed, two-story building constructed in 2016, this space offers a blend of private offices and open floorplan workspace, perfect for a variety of medical practices. The suite includes a dedicated conference room, a convenient break room, and stunning mountain views from west-facing balconies. Restrooms are located in the common area. The property features a total of 4,976 square feet, with 210 and 212 units available, offering flexibility for divisible space. The building boasts high-quality construction and a distinctive architectural design. Its strategic location provides excellent access to I-25 and Highway 34, placing it within easy reach of major transportation arteries. Furthermore, the Ridgeview Office Park enjoys a prime location near a wealth of retail establishments, including Scheels, Hobby Lobby, and At Home, as well as popular restaurants such as Bonefish Grill, ensuring convenience for both staff and clients. The lease rate is $19.50 per square foot, NNN, with NNN charges of $12.00 per square foot. The property's APN is 8515129006 and is zoned for commercial use. This is a rare opportunity to secure a high-quality, well-located medical office space in a thriving community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2016
Construction WOOD FRAME
Total area 4,976 SF
Lot 0.17 ac (7,275 SF)
APN 85151-29-006
UPID US13-2306638

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5265 Ronald Reagan Blvd Johnstown, CO 80534-6509
Johnstown metro Census 1714 FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.16M
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$435k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.5M +32.4%
Retail stores $1.3M +13.0%
Auto repair, garage $1.2M +2.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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