Building Details

Year Built 2018

Buildings 1

Stories 2

Units 1

Listing Agency: Kinsey & Company Commercial Real Estate

Listed By: Brady Kinsey · License #FA100049160 Show Phone

Source: Crexi

Added: Mar 17 Changed: Oct 15 Last Checked: Oct 23 at 4:08AM

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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 Kinsey & Company Commercial Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,878 SF office/flex condominium is located within a well-maintained office park built in 2018. Unit 1100 features a functional office/flex layout with a drive-in door, a built-in kitchen area, mezzanine space, and a private restroom already in place.

The condo is offered for sale and is currently occupied through June 2026, with tours coordinated through the listing broker.

The property is conveniently located just off W 120th Avenue, providing access and connectivity throughout the northwest Denver metro area.

Key Highlights

• 2,878 SF office/flex condo in a well‑maintained office park built in 2018
• Drive‑in door for office or flex use plus built‑in kitchen area and mezzanine space
• Private restroom already in place within the unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,268

Cap Rate

4.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$845,360 $845.4K

Cap Rate 7%

$603,829 $603.8K

Cap Rate 9%

$469,644 $469.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,878 SF

Gross rent

$74.9K $26.04/SF

− Vacancy

−$18.6K −$6.46/SF

EGI

$56.4K $19.58/SF

− OpEx

−$14.1K −$4.90/SF

NOI

$42.3K $14.69/SF

Area

Westminster, CO

Vacancy

24.80%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$845,360

Cap Rate 7%

$603,829

Cap Rate 9%

$469,644

Alternative Uses

Best Use

Office B

$603.8K

$528.4K – $704.5K (±1% cap)

NOI $42,268 @ 7.0% cap · market cap 4.03%

Second Best

Flex RnD

$421.2K

$368.6K – $491.4K (±1% cap)

NOI $29,486 @ 7.0% cap · market cap 2.81%

Theoretical Best

Office A

$841.2K

$736.1K – $981.4K (±1% cap)

NOI $58,884 @ 7.0% cap · market cap 5.61%

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

Jessica Rose Couture (Bike/Boat/Book/etc) Store B-Comp Services, Inc Tech Support Center Will Beas Fairway ... Loan Service Federico Montoya - Synergy ... Loan Service Chiropractic of North Denver Alternative Medicine Practice

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Building Supply Parking Lot & Garage Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

1,635

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 80234, CO

29,660

Population

12,814

Households

2.3

Avg Household Size

35

Median Age

38%

College-Educated

93%

High-School Grad

7.0 sq mi

ZIP Area

4,237

Density / Sq Mi

$88,714

Median Household Income

$50,926

Median Earnings

$1,772

Median Rent

$493,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Newer office/flex condo in a 2018-built office park with a drive-in door, mezzanine, kitchenette, and private restroom.

Where is this flex space located?

The property is located at 12170 Tejon St Unit 1100 Westminster, CO.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 2,878 SF office/flex condo in a well‑maintained office park built in 2018; Drive‑in door for office or flex use plus built‑in kitchen area and mezzanine space; Private restroom already in place within the unit