Second-Floor Office Condo
2861 West 120th Avenue, Westminster, CO 80234
For Sale
Contact for pricing
A 3,940-sq-ft office condo with two finished suites, private entrances, and dedicated breakrooms.
Property Size3,940 SF
Price / SF$285
Days on Market461
Property Features for 2861 West 120th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Amenities
private offices
conference rooms
open workspaces
breakrooms
private outdoor patio
recreation center
restaurants
Listing Agency:
MB Park Place Brokers & Realty
(303) 452-5853
Listed By:
Robert Distel · License CO #1134445
(303) 994-0502
Source:
Moodyscre
Added: Aug 7, 2025
Changed: Jul 26
Last Checked: Nov 8 at 6:40AM
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 spacious 3,940-sq-ft office condo includes two finished suites, Units 240 and 250, each with its own private entrance. The layout in both suites features 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, while Unit 250 is leased.
Located on the west-facing second floor, the suites are filled with natural light and offer mountain views. The property sits within a vibrant complex that includes professional offices, popular restaurants, and a recreation center, with visibility along 120th Ave and quick access to Federal Blvd.
For configuration, the space provides a mix of private and collaborative areas supported by in-suite breakroom amenities across both suites, supporting continued business operations in a turnkey office environment.
Located on the west-facing second floor, the suites are filled with natural light and offer mountain views. The property sits within a vibrant complex that includes professional offices, popular restaurants, and a recreation center, with visibility along 120th Ave and quick access to Federal Blvd.
For configuration, the space provides a mix of private and collaborative areas supported by in-suite breakroom amenities across both suites, supporting continued business operations in a turnkey office environment.
Key Highlights
- 3,940 sq ft office condo with two finished suites (Units 240 & 250)
- Each suite has a private entrance and includes private offices, conference rooms, open workspaces, and fully equipped breakrooms (sinks, counters, refrigerators)
- Unit 240 is owner occupied and includes a private outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,865
Cap Rate
5.15%
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 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,612 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
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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
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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 - A 3,940-sq-ft office condo with two finished suites, private entrances, and dedicated breakrooms.
Where is this office unit located?
The property is located at 2861 West 120th Avenue Westminster, CO.
What is the asking price?
The asking price for this property is $1,122,900.
What are key features of this property?
This property features: 3,940 sq ft office condo with two finished suites (Units 240 & 250); Each suite has a private entrance and includes private offices, conference rooms, open workspaces, and fully equipped breakrooms (sinks, counters, refrigerators); Unit 240 is owner occupied and includes a private outdoor patio
