257 Johnstown Center Dr
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257 Johnstown Center Dr
27,836 SF 100% Leased Retail Building Johnstown, CO 80534 $5,800,000 ($208/SF) 6.60% Cap Rate
Investment Highlights
- Diversified Tenants
- Low Maintenance
- Population Growth
- Average Leasable Space Size id 1,354 Square Feet
- 125 Parking Spaces
Executive Summary
Well maintained building with upside in the Johnstown Downtown District. Quality 2005 construction with excellent rental history. The Johnstown Center hosts a diverse mix of vibrant businesses that compliment and support each other. There is 18,530 SF of retail on the main level that includes two restaurants, liquor store, café, hair salon, nail salon, two dentists, massage therapy, and H & R Block. The second level hosts 5,848 SF of office spaces with eight businesses. There is ample parking. Other great features: Low maintenance, upgrades & professional management. This multi-tenant property has undergone significant improvements by the current owner to reposition the center into Johnstown’s premier business center. An easy to own investment property! WWW.JOHNSTOWNCENTER.COM
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$491,868
|
$17.67
|
| Other Income |
$168,396
|
$6.05
|
| Vacancy Loss |
$33,013
|
$1.19
|
| Effective Gross Income |
$627,251
|
$22.53
|
| Taxes |
$98,792
|
$3.55
|
| Operating Expenses |
$147,072
|
$5.28
|
| Total Expenses |
$245,864
|
$8.83
|
| Net Operating Income |
$381,387
|
$13.70
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $491,868 |
| Annual Per SF | $17.67 |
| Other Income | |
|---|---|
| Annual | $168,396 |
| Annual Per SF | $6.05 |
| Vacancy Loss | |
|---|---|
| Annual | $33,013 |
| Annual Per SF | $1.19 |
| Effective Gross Income | |
|---|---|
| Annual | $627,251 |
| Annual Per SF | $22.53 |
| Taxes | |
|---|---|
| Annual | $98,792 |
| Annual Per SF | $3.55 |
| Operating Expenses | |
|---|---|
| Annual | $147,072 |
| Annual Per SF | $5.28 |
| Total Expenses | |
|---|---|
| Annual | $245,864 |
| Annual Per SF | $8.83 |
| Net Operating Income | |
|---|---|
| Annual | $381,387 |
| Annual Per SF | $13.70 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
27,836 SF
Building Class
B
Year Built
2005
Price
$5,800,000
Price Per SF
$208
Cap Rate
6.60%
NOI
$382,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
2.29 AC
Zoning
C - Commercial, Retail
Parking
125 Spaces (4.49 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Monument Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R2807604 | Total Assessment | $1,075,470 (2024) |
| Land Assessment | $230,010 (2024) | Annual Taxes | $98,792 ($3.55/SF) |
| Improvements Assessment | $845,460 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R2807604
Land Assessment
$230,010 (2024)
Improvements Assessment
$845,460 (2024)
Total Assessment
$1,075,470 (2024)
Annual Taxes
$98,792 ($3.55/SF)
Tax Year
2025
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257 Johnstown Center Dr
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