$1,100,000
↓ $250K (18.5%)
●
Commercial -
For Sale
1505 Pearl St #106
Boulder, CO 80302
Studio
0 Bath
$5,402
Est. Monthly
About This Property
Why deal with the hassle when you can have it all? This downtown
gem offers the charm and convenience you're looking for-modern
updates, high ceilings, and incredible natural light-without the
parking headaches of the bricks. It's stylish, versatile, and
oh-so-easy to love, making it perfect for retail, office, or
personal services. Don't let the perfect match get away-it's time
to make your big move!
Unit Size
-
Days on Market
-
Land Size
0.48 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
Heidi Schamber
Market Real Estate
Payment Calculator
Home Price
Down Payment
%
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (IRES MLS #1023968)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2025 | Price Decreased |
$1,100,000
↓ $250K
(18.5%) | |
| Price Decreased | |||
| Apr 12, 2025 | Price Decreased |
$1,350,000
↓ $100K
(6.9%) | |
| Price Decreased | |||
| Dec 30, 2024 | Listed by Market Real Estate | $1,450,000 | |
| Listed by Market Real Estate | |||
| Sep 13, 2019 | Sold | ||
| Sold | |||
Property Highlights
Elevator
Garage
Air Conditioning
Exterior Details
Square Footage Source: $0
Property Condition: Not New, Previously Owned
Year Built: 2008
Building Area Total: 2285
Construction Materials: Brick/Brick Veneer
Lot Size Area: 21000
Lot Size Units: Square Feet
Lot Size Acres: 0.48
Lot Size Square Feet: 21000
Water Source: City Water, City of Boulder
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/27/2025
|
3 Bed
|
3 Bath
|
2415 ft²
|
$2,850,000
3 Bed
3 Bath
2415 ft²
|
$2,960,000
+3.86%
02/11/2025
|
Jay Hebb
The Agency - Boulder
| |
|
01/09/2025
|
2 Bed
|
1 Bath
|
1205 ft²
|
$800,000
2 Bed
1 Bath
1205 ft²
|
$800,000
05/16/2025
|
Brandon Del Campo
milehimodern - Boulder
| |
|
11/06/2024
|
2 Bed
|
1 Bath
|
1466 ft²
|
$1,035,000
2 Bed
1 Bath
1466 ft²
|
-
-
|
Robin Sanders
8z Real Estate
| |
|
03/06/2024
|
2 Bed
|
1 Bath
|
1466 ft²
|
$1,180,000
2 Bed
1 Bath
1466 ft²
|
-
-
|
Robin Sanders
8z Real Estate
| |
|
02/29/2024
|
2 Bed
|
1 Bath
|
1253 ft²
|
$925,000
2 Bed
1 Bath
1253 ft²
|
$810,000
-12.43%
12/06/2024
|
Robyn Neven
Tallent Co. Real Estate
| |
|
02/02/2024
|
2 Bed
|
1 Bath
|
1252 ft²
|
$975,000
2 Bed
1 Bath
1252 ft²
|
$900,000
-7.69%
07/11/2024
|
Robyn Neven
Tallent Co. Real Estate
| |
|
05/25/2023
|
1 Bed
|
2 Bath
|
965 ft²
|
$795,000
1 Bed
2 Bath
965 ft²
|
$795,000
07/10/2023
|
Zachary Zeldner
Compass - Boulder
| |
|
11/03/2022
|
1 Bed
|
1 Bath
|
859 ft²
|
$750,000
1 Bed
1 Bath
859 ft²
|
$751,000
+0.13%
12/02/2022
|
Brigette Modglin
Kentwood Real Estate City Properties
| |
|
10/18/2022
|
2 Bed
|
2 Bath
|
1205 ft²
|
$975,000
2 Bed
2 Bath
1205 ft²
|
$915,000
-6.15%
12/12/2022
|
Stephen Guertler
Coldwell Banker Realty 14
| |
|
08/14/2022
|
2 Bed
|
1 Bath
|
1252 ft²
|
$950,000
2 Bed
1 Bath
1252 ft²
|
$950,000
11/04/2022
|
BoulderHomeSource BoulderHomeSource
RE/MAX Alliance-Boulder
| |
|
05/03/2022
|
2 Bed
|
2 Bath
|
1250 ft²
|
$1,095,000
2 Bed
2 Bath
1250 ft²
|
$1,000,000
-8.68%
08/15/2022
|
R Tim Goodacre
milehimodern - Boulder
| |
|
08/18/2021
|
2 Bed
|
1 Bath
|
1277 ft²
|
$995,000
2 Bed
1 Bath
1277 ft²
|
$1,000,000
+0.50%
11/02/2021
|
John McElveen
milehimodern - Boulder
| |
|
04/01/2021
|
2 Bed
|
2 Bath
|
1468 ft²
|
$1,030,000
2 Bed
2 Bath
1468 ft²
|
$979,000
-4.95%
05/20/2021
|
Lance Smith
Sellstate ACE Realty
| |
|
03/01/2021
| |
3 Bed
|
3 Bath
|
2415 ft²
|
$2,200,000
3 Bed
3 Bath
2415 ft²
|
$2,050,000
-6.82%
06/21/2021
|
Angela Moss
8z Real Estate
|
|
03/01/2021
|
3 Bed
|
3 Bath
|
2415 ft²
|
$2,250,000
3 Bed
3 Bath
2415 ft²
|
-
-
|
-
| |
|
03/28/2018
|
2 Bed
|
1 Bath
|
1253 ft²
|
$849,000
2 Bed
1 Bath
1253 ft²
|
$839,000
-1.18%
03/26/2019
|
Matthew Kuntz
PMG Realty
| |
|
02/14/2018
|
2 Bed
|
2 Bath
|
1468 ft²
|
$865,000
2 Bed
2 Bath
1468 ft²
|
$867,000
+0.23%
04/12/2018
|
Michael Rebich
Michael Rebich & Co. LLC
| |
|
10/04/2016
|
2 Bed
|
1 Bath
|
1290 ft²
|
$825,000
2 Bed
1 Bath
1290 ft²
|
$800,000
-3.03%
12/08/2016
|
Marcia Cotlar
8z Real Estate
| |
|
02/05/2016
|
2 Bed
|
2 Bath
|
1832 ft²
|
$1,589,000
2 Bed
2 Bath
1832 ft²
|
$1,500,000
-5.60%
01/20/2017
|
Julie Meko
Compass - Boulder
| |
|
03/24/2015
|
2 Bed
|
1 Bath
|
1252 ft²
|
$769,000
2 Bed
1 Bath
1252 ft²
|
$750,000
-2.47%
04/29/2015
|
Dunbar Hardy
Porchlight RE Group-Boulder
| |
|
10/31/2014
|
2 Bed
|
1 Bath
|
1290 ft²
|
$699,900
2 Bed
1 Bath
1290 ft²
|
$699,900
03/19/2015
|
John McElveen
milehimodern - Boulder
| |
|
05/22/2013
|
2 Bed
|
3 Bath
|
2415 ft²
|
$1,495,000
2 Bed
3 Bath
2415 ft²
|
$1,475,000
-1.34%
06/13/2013
|
John McElveen
milehimodern - Boulder
| |
|
01/10/2013
|
1 Bed
|
1 Bath
|
1021 ft²
|
$674,000
1 Bed
1 Bath
1021 ft²
|
$640,000
-5.04%
05/31/2013
|
Durango Steele
Durango Steele Ltd.
|
Building Info
About Central Boulder
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Listed by: Todd Walsh, Market Real Estate
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1023968
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1023968
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