5370 Manhattan CirBoulder, CO 80303

Property Details for 5370 Manhattan Cir

Year built

1980

Construction

BRICK

Lot size

0.48 AC

Property size (Sq ft)

6,199 SF

Zone code

2120

Property type

Office properties

Property subtype

Office buildings

APN

1577-09-0-07-005

APU

157709007005

Description

This exceptional Boulder County office building at 5370 Manhattan Circle presents a unique owner-user/investor opportunity. The property offers a flexible layout, currently generating a net operating income (NOI) of $80,385.33 annually from two existing tenants. A substantial 6,594 square feet of office space is available across two floors, with 2,458 square feet on the second floor ideally suited for a variety of uses, including office, medical, and personal services. The building's prime South Boulder location provides convenient access to Foothills Parkway, South Boulder Road, and Highway 36, ensuring easy commutes for employees and clients. Ample parking is available on-site. The seller is open to considering seller financing on a case-by-case basis. Furthermore, the adjacent building at 5360 Manhattan Circle is also available for purchase, presenting the potential to create a cohesive campus-like environment. This is a rare opportunity to acquire a well-located, income-producing office building with significant expansion potential in a thriving Boulder County market. Detailed financial information and lease terms are available upon request. Contact us today to schedule a showing and explore this compelling investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,198,738

  6.5%

  $1,106,527

  7%

  $1,027,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,336,472

  Geo Method

  $512,161

• Alternative Use

  Use

  Valuation

  Residential

  $1,372,094

  Hospitality

  $1,256,831

  Educational

  $1,045,668

  Medical

  $1,081,630

  Retail

  $1,626,595

Location Insight

City

Boulder

County

Boulder

State

Colorado

Latitude

39.9849

Longitude

-105.227

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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