10875 Dover Street Unit 100 & 200, Westminster, CO 80021
Eight contiguous flex condo units with flexible office-and-warehouse layouts available for acquisition.
- 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
Listing agent Joe Owston License #100104497
Listing office Pinnacle Real Estate Advisors (303) 962-9551
Listing date Jun 16, 2026
Source Crexi
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Adams
- State
- Colorado
- Longitude
- -105.0935868
- Latitude
- 39.8940331