1818 Mountain View AveLongmont, CO 80501

  • Medical offices
  • 1,952 SF
For Sale
$1,850,000 View listing

Property Details for 1818 Mountain View Ave

Year built
1982
Construction
CONCRETE
Lot size
0.35 AC
Property size (Sq ft)
1,952 SF
Zone code
2137
Property type
Medical offices
Property subtype
Medical centers
APN
1205-33-2-21-004
APU
120533221004

Description

This exceptional two-story, 6,222 square foot medical office building is situated on a 0.35-acre corner lot in Longmont, Colorado. Built in 1982 and renovated in 2010, the property boasts a prime location with high visibility and strong signage opportunities on Mountain View Avenue and Linden Street West, experiencing over 8,000 vehicles daily. The building is currently vacant, presenting a turnkey opportunity for an owner-user or investor with a tenant. Its strategic location in Boulder County offers easy access to additional healthcare services, including nearby UC Health Longmont Clinic and CommonSpirit Longmont United Hospital. The property benefits from a strong medical trade area and low historical vacancy rates in the Longmont submarket (6.0%), significantly lower than the Denver office vacancy rate (20.4%). The permitted zoning is MU-N. This well-maintained building offers a rare chance to acquire a substantial medical office space in a thriving Colorado market. The asking price is $1,850,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $528,565
    6.5%
    $487,906
    7%
    $453,056
  • Comparable approach

    Method
    Valuation
    Relative Method
    $512,572
    Geo Method
    $161,274
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $945,696
    Retail / Commercial
    $487,861
    Mixed-Use / Specialty
    $488,417
    Hospitality / Lodging
    $361,325
    Institutional / Educational
    $508,578
    Residential Income
    $595,036
    Multifamily
    $700,928
    Automotive / Energy
    $435,924
    Parking / Income-Based Land
    $148,164
    Restaurant / Food Service
    $258,928
    Healthcare / Senior Housing
    $498,509

Location Insight

City
Longmont
County
Boulder
State
Colorado
Latitude
40.1816
Longitude
-105.122
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
$34,192
$110,875
$259,889
$370,764
-
$397,400
$931,500
$1,328,900

FAQs

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