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

    5277 Manhattan Cir Boulder, CO 80303

    • Office buildings
    • 14,901 SF
    • 0.59 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Sep 13, 2022
    $2,800,000
    Value Estimations
    $2,800,000
    Cap Rate Potential
    7.6%
    Office buildings
    Location Intelligence
    Property ID
    US13-2772048
    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

    • Pure Alloy Laboratories / Dental Office
    • Bruce D. Casey, Ph.D. / Physician / Medical Clinic
    • Strock Medical Group- Psychiatry & Wellness / Medical Clinic
    • Wade Markland MD / Physician / Medical Clinic
    • strength in motion counseling / Medical Clinic

    Property Details for 5277 Manhattan Cir

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.59 lot acres
    Property size
    14,901 SF
    Zone code
    2120
    Property type
    Office buildings
    APN
    1577-09-0-07-002
    APU
    157709007002

    Description

    This exceptional three-story office building, constructed in 1999 and extensively renovated in 2021, offers a variety of flexible workspace options, ideal for medical or professional practices. Located at 5277 Manhattan Circle, near South Boulder Rd, and zoned BT-1 Business-Traditional, the building boasts a total of 14,701 square feet. Units range from a minimum of 150 square feet to a maximum contiguous space of 1,899 square feet, accommodating diverse business needs. The building features a modern design with abundant natural light, and suites include desirable amenities such as reception/waiting areas, large conference rooms, private offices, open work areas, kitchens, and even patio spaces. Suite 250 offers a unique all-inclusive option with single offices, Wi-Fi, printer/copier access, and shared amenities. Building amenities include an elevator, a rooftop terrace, tenant shower facilities, and on-site management. Parking is readily available with free covered parking, street parking, and reserved spaces for clients or patients. Currently, a one-year introductory rate of $14.50 NNN is available. This prime location offers convenient access to public transportation (RTD). The building's modern design and comprehensive amenities make it an attractive option for businesses seeking a productive and comfortable work environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,935,000
      ML approach
      $2,665,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,725,000
      6.5%
      $3,440,000
      7%
      $3,190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,765,000
      Market price range: $430k - $2.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.229
    Latitude
    39.9851
    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
    $132,344
    $462,610
    $1,078,251
    $1,540,861
    -
    $1,658,100
    $3,864,700
    $5,522,800

    Comparable in this City

    • Value Estimation
      $6,795,000
      39,040 SF

      4770 Baseline Rd

      OFFICE BUILDING • 39,040 SF
      4770 Baseline Rd, Boulder, CO 80303-2666
      View Details
    • Value Estimation
      $710,000
      4,313 SF

      3000 Arapahoe Ave

      OFFICE BUILDING • 4,313 SF
      3000 Arapahoe Ave, Boulder, CO 80303-1017
      View Details
    • Value Estimation
      $2,495,000
      11,122 SF

      1803 Foothills Hwy

      OFFICE BUILDING • 11,122 SF
      1803 Foothills Hwy, Boulder, CO 80303-7392
      View Details
    • Value Estimation
      $785,000
      5,629 SF

      1530 55th St

      OFFICE BUILDING • 5,629 SF
      1530 55th St, Boulder, CO 80303-1256
      View Details
    • Value Estimation
      $800,000
      5,815 SF

      2865 Baseline Rd

      OFFICE BUILDING • 5,815 SF
      2865 Baseline Rd, Boulder, CO 80303-2311
      View Details
    • Value Estimation
      $5,300,000
      15,042 SF

      2935 Baseline Rd

      OFFICE BUILDING • 15,042 SF
      2935 Baseline Rd, Boulder, CO 80303-2366
      View Details

    Similar Nearby for Sale

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      Boulder Office Building For Sale

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      Mid-Century Medical/Multifamily Conversion Opportunity

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      Versatile Retail/Flex/Office/Showroom Space

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    Similar Nearby for Lease

    • $14 SF/Yr
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      Flexible Office/Industrial Building For Lease

      Rare opportunity to lease an entire flexible office/industrial building.
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      Boulder Flex Space: 3,006 SF

      Versatile Boulder office/retail space.
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      View Details
    • $2,100,000
      7,028 SF

      Turnkey Medical/Veterinary Facility in Boulder

      7,028 SF ready for immediate use in Boulder, CO.
      5290 Manhattan Cir, Boulder, CO 80303
      View Details
    • $21 SF/Yr

      Remodeled Office Space in Boulder

      Bright, spacious office suites with kitchenette and ample parking.
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      View Details
    • $18 SF/Yr
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      Small Office Suite For Rent

      Cozy 100 SF office suite with shared amenities.
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      View Details
    • $31 SF/Yr
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      East Boulder Office Suites for Lease

      Modern Offices, Great Location, Ample Parking
      5600 Arapahoe Ave, Boulder, CO 80303
      View Details
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    5277 Manhattan Cir
    Boulder, CO 80303
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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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