2760 29Th StBoulder, CO 80301

  • Office buildings
  • 22,390 SF
For Lease
$15/SF/YR View listing

Property Details for 2760 29Th St

Year built
1972
Construction
CONCRETE
Lot size
0.97 AC
Property size (Sq ft)
22,390 SF
Zone code
2120
Property type
Office buildings
APN
1463-29-2-00-016
APU
146329200016

Description

This exceptional 21,212 square foot medical office building presents a unique leasing opportunity in Boulder's central submarket. Situated on a 0.97-acre lot, this Class B property boasts a convenient location near a health club, transit village, and bike path, offering employees and patients easy access. Built in 1972 and renovated in 2000, the two-story building features ample free parking and elevator access for optimal convenience. The property is currently available for multiple tenants. A compelling leasing incentive is available: a Year 1 introductory rate of $15.00 NNN, followed by a Year 2 rate of $19.00 NNN, with a 3% annual increase thereafter for any lease term of three years or more. This presents a strong value proposition for medical practices seeking a well-maintained, centrally located space with excellent amenities. The building's single structure provides a cohesive and efficient environment. Its location in the CO - Central Boulder submarket ensures high visibility and accessibility for patients and staff. This is an ideal opportunity for medical professionals seeking a thriving and convenient location for their practice.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,860,562
    6.5%
    $4,486,672
    7%
    $4,166,196
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,514,356
    Geo Method
    $1,849,862
  • Alternative Use

    Use
    Valuation
    Residential
    $5,563,474
    Hospitality
    $5,096,112
    Educational
    $4,239,906
    Medical
    $4,385,722
    Retail
    $6,595,409
2760 29Th St, Boulder, Colorado

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.0279
Longitude
-105.255
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
$124,205
$867,969
$578,646
$1,446,615
-
$3,111,000
$2,074,000
$5,185,000

FAQs

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