211 Simpson StLafayette, CO 80026

Property Details for 211 Simpson St

Year built

1968

Construction

CONCRETE BLOCKS

Lot size

0.16 AC

Property size (Sq ft)

2,774 SF

Zone code

2120

Property type

Office buildings

APN

1575-02-2-09-008

APU

157502209008

Description

This exceptional commercial property, located at 211 E Simpson Street in Lafayette, Colorado, presents a unique investment opportunity. The property encompasses two distinct buildings totaling 3,924 square feet on a lot with no acreage specified. The main building offers 2,774 square feet of versatile office space, perfectly suited for a variety of businesses. Its prime location within Lafayette's thriving business district ensures high visibility and accessibility. Complementing the office space is a substantial 1,150 square foot garage/storage unit, ideal for equipment storage or light industrial operations. A significant advantage of this unit is its robust electrical service, estimated at 800 amps, 3-phase power, providing ample capacity for energy-intensive operations. The property's zoning allows for flexible use, accommodating office, retail, or light industrial tenants. The combination of prime location, ample space, and substantial power capacity makes this property an attractive proposition for businesses seeking a well-equipped and strategically located space in the heart of Lafayette's commercial sector. The asking price for this exceptional property is $1,225,000. This presents a rare opportunity to acquire a versatile and well-situated commercial property in a rapidly growing market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $662,777

  6.5%

  $611,794

  7%

  $568,095

• Comparable approach

  Method

  Valuation

  Relative Method

  $728,419

  Geo Method

  $229,188

• Alternative Use

  Use

  Valuation

  Residential

  $758,625

  Hospitality

  $694,897

  Educational

  $578,146

  Medical

  $598,029

  Retail

  $899,338

Location Insight

City

Lafayette

County

Boulder

State

Colorado

Latitude

39.9985

Longitude

-105.088

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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