Spacious Office Condo with Mountain
2861 W 120th #250, Westminster, CO 80234
For Sale
$1,044,100
3,940 sq ft office condo with two finished suites.
Property Size3,940 SF
Lot Size0.58 Acres
Price / SF$265
Days on Market461
Property Features for 2861 W 120th #250
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Central Air Cooling
City Limits
Flat Roof
Forced Air Heating
Public Elevator
Building Details
Year Built
Listing Agency:
MB/Park Place Brokers & Realty
(303) 452-5853
Listed By:
BOB DISTEL · License CO #1134445
(303) 994-0502
Source:
Corcoran
Added: Aug 9, 2025
Changed: Aug 8
Last Checked: Oct 26 at 3:09PM
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
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Investment Insights
Based on property information with market context.
This 3,940 sq ft office condo features two finished suites, Units 240 and 250, each with a private entrance. Both suites are designed with private offices, conference rooms, open workspaces, and fully equipped breakrooms that include sinks, counters, and refrigerators. Located on the second floor, the west-facing space benefits from natural light and mountain views. Unit 240, currently owner-occupied, includes a private outdoor patio. Unit 250 is leased. The property is situated in a complex with professional offices, restaurants, and a recreation center, offering visibility along 120th Ave and access to Federal Blvd and nearby cities including Broomfield, Westminster, Northglenn, and Thornton.
Key Highlights
- Two suites (Units 240 & 250) with separate entrances offer flexibility for owner occupancy and rental income.
- 3,940 sq ft office condo with a functional layout including private offices, conference rooms, open workspaces, and fully equipped breakrooms.**
- High visibility location on 120th Ave with quick access to Federal Blvd and surrounding cities.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in Westminster
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - 3,940 sq ft office condo with two finished suites.
Where is this office unit located?
The property is located at 2861 W 120th #250 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: Two suites (Units 240 & 250) with separate entrances offer flexibility for owner occupancy and rental income.; 3,940 sq ft office condo with a functional layout including private offices, conference rooms, open workspaces, and fully equipped breakrooms.**; High visibility location on 120th Ave with quick access to Federal Blvd and surrounding cities.
