Medical Office Condominium For
10001 Washington St, Thornton, CO 80229
For Sale
Contact for pricing
10,958 SF medical office condominium, 100% occupied.
Property Size10,958 SF
Price / SF$296.19
Days on Market263
Property Features for 10001 Washington St
General Information
Standard status
Size
Class
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Recentric Real Estate
Listed By:
Darren Nakos · License CO ER40042508
Source:
Crexi
Added: Feb 23
Changed: Nov 7
Last Checked: Nov 12 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Recentric Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 10,958 square foot medical office condominium. The property is 100% occupied. It is located in North Washington Medical and is anchored by established healthcare users including Heartland Dental, MyEyeDr., and Rocky Mountain Gastroenterology. The property provides immediate and predictable cash flow with limited volatility.
Key Highlights
- 100% occupied, providing immediate and predictable cash flow.
- Anchored by established healthcare users: Heartland Dental, MyEyeDr., and Rocky Mountain Gastroenterology.
- 10,958 SF medical office condominium.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,016
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,840,320
$2.8M
Cap Rate 7%
$2,028,800
$2.0M
Cap Rate 9%
$1,577,956
$1.6M
Market Conditions
NOI Build-Up for 10,958 SF
Gross rent
$263.0K $24.00/SF
− Vacancy
−$26.3K −$2.40/SF
EGI
$236.7K $21.60/SF
− OpEx
−$94.7K −$8.64/SF
NOI
$142.0K $12.96/SF
Area
ZIP 80229
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,840,320
Cap Rate 7%
$2,028,800
Cap Rate 9%
$1,577,956
Alternative Uses
Best Use
Healthcare Medical
$2.03M
$1.78M – $2.37M
NOI $142,016 @ 7.0% cap · market cap 4.38%
Second Best
Office B
$1.91M
$1.67M – $2.23M
NOI $133,554 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,846 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80229, CO
54,153
Population
20,130
Households
2.7
Avg Household Size
33
Median Age
20%
College-Educated
79%
High-School Grad
12.5 sq mi
ZIP Area
4,332
Density / Sq Mi
$83,450
Median Household Income
$42,198
Median Earnings
$1,719
Median Rent
$382,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Medical Office Space in Adams County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Guardian Angel Veterinary Care — 873 Thornton Pkwy, Thornton, CO 80229
- Banfield Pet Hospital — 10600 Melody Dr, Northglenn, CO 80234
Frequently Asked Questions
What type of property is this?
Medical Office Space - 10,958 SF medical office condominium, 100% occupied.
Where is this medical office space located?
The property is located at 10001 Washington St Thornton, CO.
What is the asking price?
The asking price for this property is $3,245,686.
What are key features of this property?
This property features: 100% occupied, providing immediate and predictable cash flow.; Anchored by established healthcare users: Heartland Dental, MyEyeDr., and Rocky Mountain Gastroenterology.; 10,958 SF medical office condominium.
