Two-Level Flex
For Sale
Contact for pricing
1501 W 124th Ave Suite 600, Westminster, CO 80234
Finished office and warehouse condominium with private offices, mezzanine space, and an overhead door.
Property Size1,991 SF
Price / SF$400
Days on Market58
Property Features for 1501 W 124th Ave Suite 600
General Information
Standard status
Active
Size
1,991 SF
Class
A
Property subtype
Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2016
Buildings
1
Stories
2
Units
1
Listing Agency:
Kinsey & Company Commercial Real Estate
Listed By:
Brady Kinsey · License #FA100049160
(303) 847-1295
Source:
Crexi
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 14 at 11:39PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 600 is a 1,991-square-foot office/flex condominium in a two-level configuration. The layout includes four private offices, an open mezzanine, warehouse space, a 14' x 14' overhead door, an ADA restroom, and a kitchenette. Polished concrete floors, exposed steel, and glass-enclosed offices contribute to the contemporary interior. The project was constructed in 2016.
The property is located at 1501 W 124th Ave near W 120th Avenue and I-25 in Westminster. Its setting provides access to the 124th Avenue retail and hospitality corridor, with Target, Sprouts, Safeway, Chick-fil-A, hotels, and restaurants nearby. Other occupants at Urban Box include Melco, Krayden, MTech Mechanical, Chicago Title of Colorado, and The Center at Northridge.
The property is located at 1501 W 124th Ave near W 120th Avenue and I-25 in Westminster. Its setting provides access to the 124th Avenue retail and hospitality corridor, with Target, Sprouts, Safeway, Chick-fil-A, hotels, and restaurants nearby. Other occupants at Urban Box include Melco, Krayden, MTech Mechanical, Chicago Title of Colorado, and The Center at Northridge.
Key Highlights
- 1,991 SF office/flex condominium at Urban Box
- Two‑level layout with four private offices and an open mezzanine
- Warehouse area with a 14' x 14' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,241
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,820
$584.8K
Cap Rate 7%
$417,729
$417.7K
Cap Rate 9%
$324,900
$324.9K
Market Conditions
NOI Build-Up for 1,991 SF
Gross rent
$51.8K $26.04/SF
− Vacancy
−$12.9K −$6.46/SF
EGI
$39.0K $19.58/SF
− OpEx
−$9.7K −$4.90/SF
NOI
$29.2K $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%
$584,820
Cap Rate 7%
$417,729
Cap Rate 9%
$324,900
Alternative Uses
Best Use
Office B
$417.7K
$365.5K – $487.4K
NOI $29,241 @ 7.0% cap · market cap 3.67%
Second Best
Flex RnD
$291.4K
$255.0K – $340.0K
NOI $20,398 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$581.9K
$509.2K – $678.9K
NOI $40,736 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,613
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
Frequently Asked Questions
What type of property is this?
Flex space - Finished office and warehouse condominium with private offices, mezzanine space, and an overhead door.
Where is this flex space located?
The property is located at 1501 W 124th Ave Suite 600 Westminster, CO.
What is the asking price?
The asking price for this property is $796,400.
What are key features of this property?
This property features: 1,991 SF office/flex condominium at Urban Box; Two‑level layout with four private offices and an open mezzanine; Warehouse area with a 14' x 14' overhead door
