First-Floor Medical-Allowed Office
For Sale
Contact for pricing
1008 Depot Hill Rd, Broomfield, CO 80020
First-floor Unit 100 offers abundant window light and ample on-site parking, with medical zoning permitting an owner-user fit.
Property Size4,496 SF
Price / SF$310.28
Days on Market82
Property Features for 1008 Depot Hill Rd
General Information
Standard status
Active
Size
4,496 SF
Property subtype
OFFICE
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
Danny Lindau · License #EI00248831
(303) 641-0776
Source:
Moodyscre
Added: Jun 23
Changed: Sep 8
Last Checked: Sep 11 at 8:35AM
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 The Colorado Group, Inc.
Investment Insights
Based on property information with market context.
Unit 100 is a first-floor office space available for lease or sale, featuring numerous windows for ample natural light. The property is approximately 4,520 rentable square feet and is described as flexible for a variety of uses. The former school configuration may support a range of office-ready layouts for qualifying users.
The building is located in Central Broomfield at 1008 Depot Hill Rd, and the listing notes excellent parking facilities for day-to-day access and client convenience.
Zoning allows for medical use, which may make this a strong option for an owner-user seeking an office environment with medical authorization.
The building is located in Central Broomfield at 1008 Depot Hill Rd, and the listing notes excellent parking facilities for day-to-day access and client convenience.
Zoning allows for medical use, which may make this a strong option for an owner-user seeking an office environment with medical authorization.
Key Highlights
- Office for lease or sale: first‑floor Unit 100
- Approximately 4,520 RSF of flexible space (formerly a school)
- Multitude of windows provides ample natural light
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
$60,588
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
4.34%
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%
$1,211,760
$1.2M
Cap Rate 7%
$865,543
$865.5K
Cap Rate 9%
$673,200
$673.2K
Market Conditions
NOI Build-Up for 4,496 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
$91.2K $20.28/SF
− Vacancy
−$10.4K −$2.31/SF
EGI
$80.8K $17.97/SF
− OpEx
−$20.2K −$4.49/SF
NOI
$60.6K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$1,211,760
Cap Rate 7%
$865,543
Cap Rate 9%
$673,200
Alternative Uses
Best Use
Office B
$865.5K
$757.4K – $1.01M
NOI $60,588 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.01M
$8.75M – $11.67M
NOI $700,366 @ 7.0% cap · market cap 50.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - First-floor Unit 100 offers abundant window light and ample on-site parking, with medical zoning permitting an owner-user fit.
Where is this office units located?
The property is located at 1008 Depot Hill Rd Broomfield, CO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Office for lease or sale: first‑floor Unit 100; Approximately 4,520 RSF of flexible space (formerly a school); Multitude of windows provides ample natural light
