Multi-Suite Office
For Sale
$1,044,100
250-2861 W 120th Ave, Westminster, CO 80021
Two finished office suites with private entrances, breakrooms, and conference space within a second-floor condo.
Property Size3,940 SF
Price / SF$265
Days on Market442
Property Features for 250-2861 W 120th Ave
General Information
Standard status
Active
Size
3,940 SF
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$14,514
Amenities
private offices
conference rooms
open workspaces
breakrooms
private outdoor patio
recreation center
Listing Agency:
MB/Park Place Brokers & Realty
Listed By:
Bob Distel · License #1134445
(303) 452-5853
Source:
Exprealty
Added: Aug 7, 2025
Changed: Oct 6
Last Checked: Oct 21 at 1:28AM
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 MB/Park Place Brokers & Realty
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.
This spacious office condo features two beautifully finished suites, Units 240 and 250, located on the west-facing second floor. Each suite has its own private entrance and includes a smart layout with private offices, conference rooms, open workspaces, and fully equipped breakrooms with sinks, counters, and refrigerators. Unit 240 is owner occupied and includes a private outdoor patio for breaks or informal meetings, while Unit 250 is leased.
The property is positioned within a vibrant complex that includes professional offices, popular restaurants, and a recreation center. It offers visibility along W 120th Ave with quick access to Federal Blvd and nearby cities including Broomfield, Westminster, Northglenn, and Thornton.
Overall, the offering provides a flexible, move-in-ready configuration for an office user or an investor seeking a two-suite setup within an active mixed-use business environment.
The property is positioned within a vibrant complex that includes professional offices, popular restaurants, and a recreation center. It offers visibility along W 120th Ave with quick access to Federal Blvd and nearby cities including Broomfield, Westminster, Northglenn, and Thornton.
Overall, the offering provides a flexible, move-in-ready configuration for an office user or an investor seeking a two-suite setup within an active mixed-use business environment.
Key Highlights
- 3,940 sq ft office condo on the west‑facing second floor with two finished suites (Units 240 and 250)
- Each suite has a private entrance and includes private offices, conference rooms, open workspaces, and fully equipped breakrooms
- Breakrooms feature sinks, counters, and refrigerators in both suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,865
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,300
$1.2M
Cap Rate 7%
$826,643
$826.6K
Cap Rate 9%
$642,944
$642.9K
Market Conditions
NOI Build-Up for 3,940 SF
Gross rent
$102.6K $26.04/SF
− Vacancy
−$25.4K −$6.46/SF
EGI
$77.2K $19.58/SF
− OpEx
−$19.3K −$4.90/SF
NOI
$57.9K $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%
$1,157,300
Cap Rate 7%
$826,643
Cap Rate 9%
$642,944
Alternative Uses
Best Use
Office B
$826.6K
$723.3K – $964.4K
NOI $57,865 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,612 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 80021, CO
36,176
Population
17,353
Households
2.1
Avg Household Size
36
Median Age
53%
College-Educated
98%
High-School Grad
16.5 sq mi
ZIP Area
2,192
Density / Sq Mi
$105,645
Median Household Income
$59,947
Median Earnings
$2,054
Median Rent
$530,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two finished office suites with private entrances, breakrooms, and conference space within a second-floor condo.
Where is this office unit located?
The property is located at 250-2861 W 120th Ave Westminster, CO.
What is the asking price?
The asking price for this property is $1,044,100.
What are key features of this property?
This property features: 3,940 sq ft office condo on the west‑facing second floor with two finished suites (Units 240 and 250); Each suite has a private entrance and includes private offices, conference rooms, open workspaces, and fully equipped breakrooms; Breakrooms feature sinks, counters, and refrigerators in both suites
