For Sale
$5,592,000

1033 Walnut StBoulder, CO 80302

Prime Owner-User Opportunity, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This three-story, 12,389 square foot office building in downtown Boulder, Colorado, presents a rare owner-user opportunity. The first floor, totaling 3,050 square feet, is fully leased, generating a net operating income (NOI) of $127,854 and contributing to a 6.25% cap rate. The second and third floors, ranging from 3,682 to 9,339 square feet, are available for owner-occupancy. The building boasts modern tech finishes, elevator access, and an in-suite shower on the second floor. South-facing offices feature windows and doors opening onto Walnut Street. Seven reserved, covered parking spaces are included (two per office and three for retail). The third floor offers amazing balconies, providing outdoor space and ample natural light. The exceptional location is adjacent to Galvanize, Amante, and Corrida, surrounded by restaurants, shops, and convenient transit options. The asking price is $5,592,000, with a price per square foot of $451.37 and a 2.29% cap rate based on the current NOI. This property offers a unique blend of income-generating potential and prime downtown Boulder space.

Highlights

  • $5,592,000 asking price for this three-story, 12,389 square foot office building.
  • Traditional office building in a prime downtown Boulder location.
  • Owner-user opportunity; first floor is fully leased, generating a $127,854 NOI.
  • Features modern finishes, elevator access, and seven reserved parking spaces.
  • Offers balconies on the third floor and south-facing offices with exterior access.

Property Details for 1033 Walnut St

Property type
Office properties
Square Feet
12,389 SF
Buildings
1
Stories
3

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.016546720307
Longitude
-105.28123461358
1033 Walnut St, Boulder, Colorado

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1033 Walnut St
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