Medical Office with 25 Exam
1420 W Midway Boulevard, Broomfield, CO 80020
For Sale
$3,195,000
B-2-zoned outpatient space includes patient areas, clinical support rooms, and private offices.
Property Size13,823 SF
Price / SF$231.14
Days on Market139
Property Features for 1420 W Midway Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Condition
Asking Price
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
25 fully plumbed exam rooms
multiple nurse stations
patient lobby and waiting area
dedicated lab
conference room
private offices
Building Details
Year Built
Buildings
Units
Building Size
Listing Agency:
CBRE, Inc.
(303) 583-2038
Listed By:
Colton Reimer · License #100090094
(303) 628-1787
Source:
Denverrealestateconnection
Added: Jun 24
Changed: Nov 7
Last Checked: Nov 8 at 6:29PM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
This 13,823-square-foot medical office building in Broomfield has 25 exam rooms with plumbing, nurse stations, a patient reception and waiting area, a lab, conference room, and private offices. Built in 1991, it has served medical practices since that year. Work completed in 2024 included a roof replacement, lighting updates, and installation of four HVAC units.
The property provides 54 parking spaces and two curb cuts, one on Midway Boulevard and another on Marble Street. Highways 287 and 36 are approximately a quarter mile west. B-2 zoning is also noted for the property.
The property provides 54 parking spaces and two curb cuts, one on Midway Boulevard and another on Marble Street. Highways 287 and 36 are approximately a quarter mile west. B-2 zoning is also noted for the property.
Key Highlights
- 13,823‑square‑foot medical office building
- 25 exam rooms with plumbing, plus nurse stations and a dedicated lab
- 2024 improvements: new roof, updated lighting, and four HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,280
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,725,600
$3.7M
Cap Rate 7%
$2,661,143
$2.7M
Cap Rate 9%
$2,069,778
$2.1M
Market Conditions
NOI Build-Up for 13,823 SF
Gross rent
$280.3K $20.28/SF
− Vacancy
−$32.0K −$2.31/SF
EGI
$248.4K $17.97/SF
− OpEx
−$62.1K −$4.49/SF
NOI
$186.3K $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 Rate 5%
$3,725,600
Cap Rate 7%
$2,661,143
Cap Rate 9%
$2,069,778
Alternative Uses
Best Use
Office B
$2.66M
$2.33M – $3.10M
NOI $186,280 @ 7.0% cap · market cap 5.83%
Second Best
Healthcare Medical
$2.66M
$2.33M – $3.10M
NOI $186,059 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$3.82M
$3.34M – $4.46M
NOI $267,599 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
$570,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Jefferson County, CO
Properties on Market for Medical Office Space in Jefferson County
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - B-2-zoned outpatient space includes patient areas, clinical support rooms, and private offices.
Where is this medical office space located?
The property is located at 1420 W Midway Boulevard Broomfield, CO.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: 13,823‑square‑foot medical office building; 25 exam rooms with plumbing, plus nurse stations and a dedicated lab; 2024 improvements: new roof, updated lighting, and four HVAC units
