1100 13Th StBoulder, CO 80302

  • Other commercial real estate
  • 1,502 SF
For Sale
$3,950,000 View listing

Property Details for 1100 13Th St

Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.14 AC
Property size (Sq ft)
1,502 SF
Zone code
2112
Property type
Other commercial real estate
APN
1463-31-2-45-008
APU
146331245008

Description

This exceptional mixed-use property, located at 1100 13th St in Boulder, Colorado, presents a compelling investment opportunity. The 7,588-8,840 square foot building boasts a prime corner location on University Hill, just steps from the University of Colorado. Built in 1927 and situated within the BMS (Business Main Street) zoning district, this two-story structure offers a unique blend of retail and residential space. Currently operating at 100% occupancy with six tenants, including five retail spaces and one three-bedroom apartment, the property generates a substantial net operating income (NOI) of $171,119, resulting in a 4.25% cap rate. The diverse tenant mix includes established businesses such as The Corner, Brazil on the Hill, the Barber Joint, Tribal Rites, and Pizza 3.14, providing a stable income stream. This well-maintained asset, owned by the same family since the 1940s, presents a rare chance to acquire a proven performer with significant upside potential. The gross lease structure simplifies management, while the value-add investment potential allows for future redevelopment or repositioning. This is a truly unique opportunity to own a piece of Boulder's vibrant history and thriving University Hill community. The asking price is $3,950,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $371,691
    Hospitality
    $340,467
    Educational
    $283,265
    Medical
    $293,007
    Retail
    $440,634
1100 13Th St, Boulder, Colorado

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.0075
Longitude
-105.276
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
$346
-
$3,930
$3,930
-
-
$14,085
$14,085

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