Multi-Suite Office
250-2861 W 120th Ave Westminster, CO 80021
250-2861 W 120th Ave, Westminster, CO, 80021
$1,044,100
For Sale
$1,044,100
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 Market350
Property Features for 250-2861 W 120th Ave
General Information
- Standard status
- Active
- Size
- 3,940 SF
Listing agency
MB/Park Place Brokers & Realty
(303) 452-5853
Listed by
Bob Distel · License #1134445
(303) 452-5853
Source
Exprealty
Added: Aug 7, 2025 Updated: Jul 22 at 1:14PM Checked: Jul 22 at 1:14PM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.6k | $26.04 |
| − Vacancy | −$25.4k | −$6.46 |
| EGI | $77.2k | $19.58 |
| − OpEx | −$19.3k | −$4.90 |
| NOI | $57.9k | $14.69 |
3,940 SF · lease $26.04/SF/yr · vacancy 24.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two finished office suites with private entrances, breakrooms, and conference space within a second-floor condo.
Where is this office units 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
