Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1185 W 124Th Ave Westminster, CO 80020

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,000,000

    Office building with 16,084 square feet of space.

    Property size:
    16,084 SF
    Lot size:
    1.28 Acres

    Property Features for 1185 W 124Th Ave

    General Information

    Size
    16,084 SF
    Lot size
    1.28 Acres

    We can help!

    Listing Contact
    Jake Malman
    Jake Malman
    Source: Moodyscre

    Listing Agent: Jake Malman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Westminster Office Building For Sale

    This office building in Westminster, Colorado, offers 16,084 square feet of space. Please contact the broker for more information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.0012272
    Latitude
    39.9225645

    Nearby Similar for Sale

    • Contact for pricing
      115,014 SF

      Two-Building Office Park in Broomfield

      Two office buildings totaling 115,014 RSF in Interlocken.
      329-335 Interlocken Pkwy, Westminster, CO 80021
      View Details
    • $2,600,000
      16,852 SF

      Westminster Multi-Tenant Office Investment

      16,852 SF multi-tenant office building in Westminster, Colorado.
      8461 Turnpike Dr, Westminster, CO 80031
      View Details
    • $3,300,000
      6,362 SF

      Westminster Retail Investment Opportunity

      Strip center with value-add potential in high-traffic location.
      7211 Sheridan Blvd, Westminster, CO 80003
      View Details
    • $4,511,000
      8,921 SF

      Established Restaurant in Broomfield, Colorado

      Well-established Benihana restaurant for sale in a dynamic location.
      515 Zang St, Westminster, CO 80021
      View Details
    • $489,000
      1,644 SF

      Move-In Ready Home with Upgrades

      Upgraded home in Baseline Community with mountain views and bonus room.
      2108 Alcott Way, Westminster, CO 80023
      View Details
    • $2,035,000
      9,760 SF

      Westminster 12-Unit Apartment Buildings

      Two six-unit buildings near Westminster Light Rail Station.
      7030 W 70Th Pl, Westminster, CO 80030
      View Details
    • $450,000
      1,110 SF

      Remodeled Condo Near Big Dry Creek

      Rare end-unit condo with vaulted ceilings, remodeled, near trails.
      9677 Independence Dr, Westminster, CO 80021
      View Details
    • $450,000
      1,110 SF

      End Unit Condo with Upgrades

      Remodeled condo with vaulted ceilings, hardwood floors, and scenic views.
      9677 Independence Dr, Westminster, CO 80021
      View Details
    • $375,000
      1,045 SF

      Resort-Style Penthouse Living

      Top-floor penthouse with remodeled bathroom, modern kitchen, and resort-style amenities.
      13456 Via Varra, Westminster, CO 80020
      View Details
    • $385,000
      1,243 SF

      Updated Townhome-Style Condo with Garage

      Updated 2-bedroom condo with mountain views, garage, and modern amenities.
      2432 W 82Nd Pl, Westminster, CO 80031
      View Details
    • $354,500
      1,261 SF

      Light-Filled Condo in Spanish Oaks

      Corner unit condo with modern updates and community amenities.
      5035 W 73Rd Ave, Westminster, CO 80030
      View Details
    • $97,900

      Spacious Home on Corner Lot

      1344 sq ft double-wide home with updated features.
      12205 Perry St, Westminster, CO 80020
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with 16,084 square feet of space.
    Where is this office building located?
    The property is located at 1185 W 124Th Ave Westminster, CO.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Please contact broker for more information
    (720) 471-1763
    Request Owner's contact information
    1185 W 124Th Ave Westminster, CO 80020
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1185 W 124Th Ave
    Westminster, CO 80020
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1185 W 124Th Ave Westminster, CO 80020
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jake Malman
    Jake Malman
    Real Estate License ID: 100099297
    (720) 471-1763
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.