401 Cleveland StLafayette, CO 80026

Property Details for 401 Cleveland St

Year built

1960

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

100 SF

Zone code

2137

Property type

Healthcare properties

Property subtype

Medical offices

APN

1575-02-2-18-006

APU

157502218006

Description

This exceptional 6,777 square foot commercial office building is situated in the heart of Lafayette's dynamic downtown area at 401 E Cleveland Street. The property comprises three uniquely designed office suites, each boasting ample natural light and modern finishes. Currently occupied by medical tenants, the flexible layouts offer significant versatility for a range of businesses. This presents a compelling opportunity for both owner-occupiers seeking a blend of workspace and investment income, and investors aiming for a strong cash flow. The building's location offers unparalleled convenience, with proximity to S Public Road, numerous amenities including coffee shops, boutiques, and restaurants, and easy access to Boulder and Denver. The high demand for office space in this growing area ensures long-term stability and appreciation potential. The property's strategic location, coupled with its modern features and current occupancy, makes it an attractive investment in a thriving Colorado community. This is a rare chance to acquire a well-maintained, income-generating asset in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $23,892

  6.5%

  $22,055

  7%

  $20,479

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,259

  Geo Method

  $8,262

• Alternative Use

  Use

  Valuation

  Residential

  $27,348

  Hospitality

  $25,050

  Educational

  $20,842

  Medical

  $21,558

  Retail

  $32,420

Location Insight

City

Lafayette

County

Boulder

State

Colorado

Latitude

39.9975

Longitude

-105.087

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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