Medical Office Condo with Exam
For Sale
$995,000
290 Nickel St, Broomfield, CO 80020
COMMERCIAL - Broomfield, CO
Property Size4,029 SF
Lot Size0.09 Acres
Price / SF$246.96
Days on Market313
Property Features for 290 Nickel St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B-2
Subdivision
290 Nickel Street Condos
Standard status
Active
APN
R8862830
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
21640
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
Reception with Waiting Area
Kitchenette
Admin & Storage Area
Building Details
Year built
1963
Building materials
Block, Stone, Stucco
Roof type
Rubber, Metal
Listing Agency:
Gibbons-White, Inc.
(303) 442-1040
Listed By:
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Added: Oct 14, 2025
Changed: Aug 19
Last Checked: Aug 22 at 1:06PM
MLS# 1045647
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,029-square-foot medical office condominium at 290 Nickel St includes a combination of private offices, exam rooms, reception and waiting areas, a kitchenette, administrative space, and storage. The layout reflects its former clinic configuration while offering several distinct areas for office, service, or other approved commercial functions. Construction includes block, stone, and stucco, with forced-air heat, central air, public sewer, and a metal and rubber roof. The property was built in 1963 and occupies a 0.09-acre parcel.
The B-2 General Business District permits a broad range of commercial uses, including office, medical, retail, personal services, banking, restaurants, and recreation. The property sits directly off 120th Ave and Hwy 287, with access to US 36. Nine reserved parking spaces are included. Other businesses identified in the center include Trek Bicycle, Green Dental, Bouquet Boutique Florist, Tai Chi Chuan, and Live Love Dance Studio.
The B-2 General Business District permits a broad range of commercial uses, including office, medical, retail, personal services, banking, restaurants, and recreation. The property sits directly off 120th Ave and Hwy 287, with access to US 36. Nine reserved parking spaces are included. Other businesses identified in the center include Trek Bicycle, Green Dental, Bouquet Boutique Florist, Tai Chi Chuan, and Live Love Dance Studio.
Key Highlights
- 4,029 SF medical office condominium with offices and exam rooms
- Former clinic layout includes reception, waiting, kitchenette, administrative, and storage areas
- B‑2 zoning supports office, medical, retail, personal services, banking, restaurant, and recreation uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,352
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,040
$1.3M
Cap Rate 7%
$919,314
$919.3K
Cap Rate 9%
$715,022
$715.0K
Market Conditions
NOI Build-Up for 4,029 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$97.2K $24.12/SF
− Vacancy
−$5.2K −$1.30/SF
EGI
$91.9K $22.82/SF
− OpEx
−$27.6K −$6.85/SF
NOI
$64.4K $15.97/SF
Area
Jefferson County, CO
Vacancy
5.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,040
Cap Rate 7%
$919,314
Cap Rate 9%
$715,022
Alternative Uses
Best Use
Retail
$919.3K
$804.4K – $1.07M
NOI $64,352 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$775.6K
$678.7K – $904.9K
NOI $54,295 @ 7.0% cap · market cap 5.46%
Theoretical Best
Multifamily LT 5
$8.97M
$7.85M – $10.46M
NOI $627,619 @ 7.0% cap · market cap 63.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80020, CO
52,141
Population
21,607
Households
2.4
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
19.8 sq mi
ZIP Area
2,633
Density / Sq Mi
$114,039
Median Household Income
$58,056
Median Earnings
$2,024
Median Rent
$570,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - B-2-zoned commercial condo with adaptable clinical, administrative, and customer-facing areas near major regional routes.
Where is this medical office space located?
The property is located at 290 Nickel St Broomfield, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,029 SF medical office condominium with offices and exam rooms; Former clinic layout includes reception, waiting, kitchenette, administrative, and storage areas; B‑2 zoning supports office, medical, retail, personal services, banking, restaurant, and recreation uses
