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    10875 Dover Street Unit 100 & 200, Westminster, CO 80021

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    Eight contiguous flex condo units with flexible office-and-warehouse layouts available for acquisition.

    Type:Office, Industrial
    Property size:
    5,078 SF
    Price / SF:
    $200/SF
    Added:
    Jun 16, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 20 at 2:35 am

    Property Features for 10875 Dover Street Unit 100 & 200

    General Information

    Standard status
    Active
    Size
    5,078 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    2002

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    Listing Contact
    Joe Owston
    Joe Owston

    Listing agent Joe Owston License #100104497

    Listing office Pinnacle Real Estate Advisors

    Listing date Jun 16, 2026

    Source Crexi

    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 Pinnacle Real Estate Advisors

    HighLights

    • 8 contiguous 2nd generation flex condo units totaling 22,478 SF
    • Year built 2002
    • Units are configured as two condos per unit and can be combined
    • Unit 100‑200: 5,078 SF leased at $1,015,600 with a 7% cap rate ($200/SF)
    • Units 300‑400 (5,640 SF), 500‑600 (5,880 SF), and 700‑800 (5,880 SF) are vacant and priced at $225/SF
    • Total offering price is $4,425,600 ($200/SF) for all units

    Overview

    This offering consists of eight contiguous, 2nd generation flex condo units totaling 22,478 SF. The property is configured as two condos per unit, and the units can be combined to create larger spaces. Each condo’s layout varies, with a mix of office and warehouse area, along with private office and open office options that differ by unit. The result is a portfolio of flex-ready configurations suited to users seeking workplace space paired with functional warehouse space.

    Units 100–200 total 5,078 SF and are currently leased. The remaining units—300–400, 500–600, and 700–800—are currently vacant, with 5,640 SF, 5,880 SF, and 5,880 SF respectively, for a total of 17,400 SF of available space across those sections. This contiguous setup can support multiple tenancy or be reconfigured through combination, depending on a buyer’s operating plan.

    For buyers, the flexibility in office-to-warehouse ratios, along with the ability to combine units, can be useful when underwriting different user scenarios across a single contiguous block. For operators, the existing second-generation flex condo approach supports a range of office-heavy or warehouse-forward requirements while keeping ownership and suite identity aligned to condo-style premises. The combined portfolio structure provides a straightforward way to assemble a larger flex footprint without needing separate properties.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $132.2k $26.04
    − Vacancy −$32.8k −$6.46
    EGI $99.4k $19.58
    − OpEx −$24.9k −$4.90
    NOI $74.6k $14.69
    5,078 SF · lease $26.04/SF/yr · vacancy 24.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.07M
    $932.2K – $1.24M (±1% cap)
    NOI $74,578 @ 7.0% cap · market cap 7.34%
    Second Best
    Flex RnD
    $743.2K
    $650.3K – $867.1K (±1% cap)
    NOI $52,026 @ 7.0% cap · market cap 5.12%
    Theoretical Best
    Office A
    $1.48M
    $1.30M – $1.73M (±1% cap)
    NOI $103,896 @ 7.0% cap · market cap 10.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Compass Consulting Engineers, ... Engineering Consultant Alpine Site Services ... Construction Company ALTEN Technology USA Research And Product Development Cprime Training Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.0935868
    Latitude
    39.8940331

    FAQs

    What type of property is this?
    Flex space - Eight contiguous flex condo units with flexible office-and-warehouse layouts available for acquisition.
    Where is this flex space located?
    The property is located at 10875 Dover Street Unit 100 & 200 Westminster, CO.
    What is the asking price?
    The asking price for this property is $1,015,600.
    What are key features of this property?
    This property features: 8 contiguous 2nd generation flex condo units totaling 22,478 SF; Year built 2002; Units are configured as two condos per unit and can be combined
    (303) 962-9551 Call to check price and availability
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