400 Simpson StLafayette, CO 80026

Property Details for 400 Simpson St

Year built

1962

Construction

WOOD

Lot size

0.32 AC

Property size (Sq ft)

6,640 SF

Zone code

9138

Property type

Office properties

Property subtype

Office buildings

APN

1575-02-2-18-005

APU

157502218005

Description

This exceptional commercial property, located at 400 E Simpson St, Lafayette, CO 80026, offers a variety of flexible office spaces ideal for businesses of all sizes. The building features three available units ranging from 203 square feet to 1,306 square feet, catering to diverse needs. The property is classified as a Class B office building with multiple tenancy options. Each space boasts an attractive open floor plan, complemented by warm wooden floors and abundant natural light. A key advantage is the convenient on-site parking, eliminating the hassle of searching for parking in the downtown area. Beyond the building's amenities, its prime location offers easy access to a vibrant selection of restaurants and cafes, providing convenient options for lunch breaks and after-work socializing. For those seeking a healthy work-life balance, an on-site fitness room is available for tenant use. This property presents a unique opportunity to establish a thriving business in a desirable and well-equipped location within the heart of Lafayette, Colorado. The combination of functional design, convenient amenities, and a central location makes this an exceptional opportunity for businesses seeking a productive and inspiring work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,586,461

  6.5%

  $1,464,425

  7%

  $1,359,823

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,743,584

  Geo Method

  $548,597

• Alternative Use

  Use

  Valuation

  Residential

  $1,815,887

  Hospitality

  $1,663,343

  Educational

  $1,383,882

  Medical

  $1,431,476

  Retail

  $2,152,705

Location Insight

City

Lafayette

County

Boulder

State

Colorado

Latitude

39.998

Longitude

-105.086

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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