1501 W 124th Ave, Westminster, CO 80234

Building Details

Year Built 2016 More

Stories 2 More

Listing Agency: Kinsey & Company Commercial Real Estate Show Phone

Listed By: Brady Kinsey · License CO FA100049160 Show Phone

Source: Moodyscre

Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:38PM

Report an Issue

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.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Suite 600 at Urban Box is a 1,991-square-foot flex condominium completed in 2016. Its two-level plan combines four private offices with an open mezzanine and warehouse space. A 14′ x 14′ overhead door serves the warehouse area; the suite also includes an ADA restroom and kitchenette. Interior details include polished concrete floors, exposed steel and glass-walled offices.

The property is located at 1501 W 124th Ave in Westminster, along the 124th Avenue corridor. The suite brings office space and warehouse area together within a single condominium.

Key Highlights

• 1,991‑square‑foot flex condominium in Urban Box
• Two‑level configuration 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

Is this asking price fair?

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 (±1% cap)

NOI $29,241 @ 7.0% cap · market cap 3.67%

Second Best

Flex RnD

$291.4K

$255.0K – $340.0K (±1% cap)

NOI $20,398 @ 7.0% cap · market cap 2.56%

Theoretical Best

Office A

$581.9K

$509.2K – $678.9K (±1% cap)

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

Farmers Insurance - James ... Insurance Agency Cheddar Advertising Marketing & Advertising SV Clean, Inc. General Contractor CIG Construction Roofing Company Entasis Group Architecture Firm

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Food Market Grocery & Convenience Store

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

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

Average Price Trend$/SF for Flex space in Adams County, CO

$266 Jul

$267 Aug

$268 Sep

$266 Oct

Properties on Market for Flex space in Adams County

Jul

Aug

Sep

Oct

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

Similar For Sale Nearby

See more

Recently Renovated Retail/Office Space

6900 Lowell Blvd, Westminster, CO 80221

$475,000

View details

Spacious Office Condo with Suites

2861 W 120th 250, Westminster, CO 80234

$1,044,100

3,940 SF

View details

Multi-Suite Office Condo

250-2861 W 120th Ave, Westminster, CO 80021

$1,044,100

3,940 SF

View details

Two-Story Retail/Flex Suite with Roll-Up Door

7535 W 92nd Ave ste 500, Westminster, CO 80021

$75,000,019

2,500 SF

View details

Westminster Colony Offices

7909 Zenobia St, Westminster, CO 80030

$270,000

1,140 SF

View details

Contiguous Flex Space Units

10860 Dover St, Westminster, CO 80021

Contact for pricing

2,400 SF

View details

Renovated Office in Westminster

7901-7909 Zenobia St, Westminster, CO

Contact for pricing

2,508 SF

View details

Medical Office Condominium Suite

2761 W 120th Ave, Suite J120, Westminster, CO 80234

Contact for pricing

1,562 SF

View details

Warehouse with Drive-In Door

7120 Julian St Unit A, Westminster, CO 80030

Contact for pricing

2,552 SF

View details

Office/Flex Condo with Mezzanine

12170 Tejon St, Unit 1100, Westminster, CO 80234

Contact for pricing

2,878 SF

View details

Flex Building with Secure Yard

9168 Marshall Pl, Westminster, CO 80031

Contact for pricing

6,352 SF

View details

Two-Story Creative Space

12245 North Pecos Street, Westminster, CO 80234

Contact for pricing

460 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Four private offices, mezzanine workspace and warehouse area combine administrative and storage functions in one suite.

Where is this flex space located?

The property is located at 1501 W 124th Ave 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‑square‑foot flex condominium in Urban Box; Two‑level configuration with four private offices and an open mezzanine; Warehouse area with a 14′ x 14′ overhead door