4702 Larimer PkwyJohnstown, CO 80534

Property Details for 4702 Larimer Pkwy

Year built

2019

Construction

WOOD FRAME

Lot size

0.10 AC

Property size (Sq ft)

1,178 SF

Property type

Office buildings

APN

85142-36-101

APU

8514236101

Description

This exceptional 3,648 square foot executive office condo is located in the thriving 2534 master-planned community in Johnstown, Colorado. Situated on a 600-acre lot at the intersection of I-25 and US Highway 34, this second-floor unit offers unparalleled access to a large regional workforce and customer base, including nearby Fort Collins, Windsor, Greeley, Loveland, Berthoud, and Longmont. Built in 2019, the building features a shared parking lot with a ratio of 2.97 spaces per 1,000 square feet and convenient elevator access. The unit boasts forced-air natural gas heating and cooling, and separately metered electric and gas utilities. Asking price is $1,276,800 ($350/SF). This is a rare opportunity to own a highly desirable office space in one of Northern Colorado's fastest-growing areas. The property is part of the Larimer Parkway Office Condominium Association. Association dues are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $318,981

  6.5%

  $294,444

  7%

  $273,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $309,329

  Geo Method

  $97,326.40

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $570,712

  Retail / Commercial

  $294,416

  Mixed-Use / Specialty

  $294,752

  Hospitality / Lodging

  $218,054

  Institutional / Educational

  $306,918

  Residential Income

  $359,094

  Multifamily

  $422,999

  Automotive / Energy

  $263,073

  Parking / Income-Based Land

  $89,414.60

  Restaurant / Food Service

  $156,259

  Healthcare / Senior Housing

  $300,842

Location Insight

City

Johnstown

County

Larimer

State

Colorado

Latitude

40.4033

Longitude

-104.974

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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