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1800 Cowles Ave - Longmont (Boulder County) Development Site 36,202 SF Health Care Building Offered at $2,284,425 CAD 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$7,533,065
|
$208.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$7,533,065
|
$208.08
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,971,740
|
$137.33
|
| Net Operating Income |
$2,561,325
|
$70.75
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $7,533,065 |
| Annual Per SF | $208.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $7,533,065 |
| Annual Per SF | $208.08 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,971,740 |
| Annual Per SF | $137.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $2,561,325 |
| Annual Per SF | $70.75 |
PROPERTY FACTS
| Price | $2,284,425 CAD | Lot Size | 2.82 AC |
| Price Per Bed | $40,793 CAD | 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 | $2,284,425 CAD |
| Price Per Bed | $40,793 CAD |
| 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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