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1800 Cowles Ave - Longmont (Boulder County) Development Site 36,202 SF Health Care Building Offered at $1,650,000 in Longmont, CO 80504
INVESTMENT HIGHLIGHTS
- Heavily trafficked Boulder County location with no existing Memory Care supply
- $600k/acre, or best qualified offer
- Zoned & entitled for assisted living or memory care
- Market clearing exercise for seller, please reach out directly at 312 859 7408 for info
EXECUTIVE SUMMARY
We are pleased to present the Longmont Development site, a 2.83-acre parcel entitled for a 56-unit memory care community in Longmont, Colorado, a growing submarket of Boulder County
Situated just a quarter mile from UC Health Longs Peak hospital; Surrounded by new MF development and strong senior housing demand demographics including exemplary, 24%+ Age 85+ Population Growth
High median home values greater than $650,000 within the submarket; Prime land value & high replacement value
Given the areas surrounding demos, and the extremely limited seniors housing supply (No Memory Care competition), there is a great opportunity for a seniors user to come forward, and achieve Pro Forma EBITDAR of ˜$1.85M on conservative, 90% occupancy
The property is being offered for sale at ˜$600k/acre, though this represents a market-clearing exercise for the seller, and we are open to hearing any/all offers
Situated just a quarter mile from UC Health Longs Peak hospital; Surrounded by new MF development and strong senior housing demand demographics including exemplary, 24%+ Age 85+ Population Growth
High median home values greater than $650,000 within the submarket; Prime land value & high replacement value
Given the areas surrounding demos, and the extremely limited seniors housing supply (No Memory Care competition), there is a great opportunity for a seniors user to come forward, and achieve Pro Forma EBITDAR of ˜$1.85M on conservative, 90% occupancy
The property is being offered for sale at ˜$600k/acre, though this represents a market-clearing exercise for the seller, and we are open to hearing any/all offers
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$5,441,000
|
$150.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$5,441,000
|
$150.30
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,591,000
|
$99.19
|
| Net Operating Income |
$1,850,000
|
$51.10
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $5,441,000 |
| Annual Per SF | $150.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $5,441,000 |
| Annual Per SF | $150.30 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,591,000 |
| Annual Per SF | $99.19 |
| Net Operating Income | |
|---|---|
| Annual | $1,850,000 |
| Annual Per SF | $51.10 |
PROPERTY FACTS
| Price | $1,650,000 | Lot Size | 2.82 AC |
| Price Per Bed | $29,464 | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 36,202 SF |
| Property Type | Health Care | No. Beds | 56 |
| Property Subtype | Assisted Living | No. Stories | 1 |
| Building Class | B | Parking Ratio | 1.49/1,000 SF |
| Zoning | R-MN - Residential Mixed Neighborhood | ||
| Price | $1,650,000 |
| Price Per Bed | $29,464 |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 2.82 AC |
| Construction Status | Proposed |
| Building Size | 36,202 SF |
| No. Beds | 56 |
| No. Stories | 1 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | R-MN - Residential Mixed Neighborhood |
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1800 Cowles Ave - Longmont (Boulder County) Development Site
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