Medical Office/Retail
For Sale
$995,000
290 Nickel St 200, Broomfield, CO 80020
4,029 SF condo with a former medical clinic layout, including offices, exam rooms, and reception, plus reserved parking.
Property Size4,029 SF
Price / SF$246.96
Days on Market152
Property Features for 290 Nickel St 200
General Information
Standard status
Active
Size
4,029 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
B-2
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$21,640
Building Details
Building Size
4,029 SF
Year Built
1963
Listing Agency:
Gibbons-White, Inc.
(303) 586-5939
Listed By:
Michael-Ryan McCarty · License #FA.040029628
(303) 586-5939
Source:
Elliman
Added: Mar 27
Changed: Aug 25
Last Checked: Aug 24 at 10:24AM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This 4,029 SF retail/office/medical condo is offered for sale and is also available for lease. The space was formerly a medical clinic and includes a mix of offices and exam rooms, along with a reception area and waiting area. Additional improvements include a kitchenette, admin and storage area, creating a functional setup for professional uses requiring both consult and back-office space.
The property sits directly off 120th Ave and Hwy 287, with convenient access to US 36. The B-2 General Business District supports a wide range of uses, including retail, personal services, banking, restaurants, recreation, office, and medical uses, among many others. The building is part of a tenant mix that includes Trek Bicycle, Green Dental, Bouquet Boutique Florist, Tai Chi Chuan, and Live Love Dance Studio.
Nine reserved parking spaces are included with the unit.
The property sits directly off 120th Ave and Hwy 287, with convenient access to US 36. The B-2 General Business District supports a wide range of uses, including retail, personal services, banking, restaurants, recreation, office, and medical uses, among many others. The building is part of a tenant mix that includes Trek Bicycle, Green Dental, Bouquet Boutique Florist, Tai Chi Chuan, and Live Love Dance Studio.
Nine reserved parking spaces are included with the unit.
Key Highlights
- 4,029 SF retail, office, or medical condo built in 1963
- Former medical clinic layout with reception and waiting area, offices, and exam rooms
- Kitchenette plus admin and storage area
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
$54,295
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
5.46%
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%
$1,085,900
$1.1M
Cap Rate 7%
$775,643
$775.6K
Cap Rate 9%
$603,278
$603.3K
Market Conditions
NOI Build-Up for 4,029 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
$81.7K $20.28/SF
− Vacancy
−$9.3K −$2.31/SF
EGI
$72.4K $17.97/SF
− OpEx
−$18.1K −$4.49/SF
NOI
$54.3K $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%
$1,085,900
Cap Rate 7%
$775,643
Cap Rate 9%
$603,278
Alternative Uses
Best Use
Office B
$775.6K
$678.7K – $904.9K
NOI $54,295 @ 7.0% cap · market cap 5.46%
Second Best
Healthcare Medical
$774.7K
$677.9K – $903.9K
NOI $54,231 @ 7.0% cap · market cap 5.45%
Theoretical Best
Multifamily LT 5
$8.97M
$7.85M – $10.46M
NOI $627,619 @ 7.0% cap · market cap 63.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 4,029 SF condo with a former medical clinic layout, including offices, exam rooms, and reception, plus reserved parking.
Where is this medical office space located?
The property is located at 290 Nickel St 200 Broomfield, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,029 SF retail, office, or medical condo built in 1963; Former medical clinic layout with reception and waiting area, offices, and exam rooms; Kitchenette plus admin and storage area
