Retail/Office/Medical Condo For
For Sale
$995,000
290 Nickel #200, Broomfield, CO 80020
4,029 SF condo ideal for retail, office, or medical use.
Property Size4,029 SF
Lot Size0.09 Acres
Price / SF$246.96
Days on Market313
Property Features for 290 Nickel #200
General Information
Standard status
Active
Size
4,029 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$21,640
Amenities
Central air
Metal Roof
Central Air Cooling
Forced Air Heating
Rubber Roof
Building Details
Year Built
1963
Listing Agency:
Gibbons-White, Inc.
(303) 442-1040
Listed By:
MICHAEL-RYAN MCCARTY · License #FA.040029628
Source:
Corcoran
Added: Oct 14, 2025
Changed: Aug 21
Last Checked: Aug 21 at 8:23AM
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 Gibbons-White, Inc.
Investment Insights
Based on property information with market context.
This 4,029 square foot condo is available for sale and suitable for retail, office, or medical use. The property, formerly a medical clinic, features a mix of offices, exam rooms, a reception area with waiting area, a kitchenette, and an administrative and storage area. The B-2 General Business District zoning allows for a wide range of uses, including retail, personal services, banking, restaurants, recreation, office, and medical. The property is located directly off 120th Avenue and Highway 287, providing convenient access to US 36. Current co-tenants include Trek Bicycle, Green Dental, Bouquet Boutique Florist, Tai Chi Chuan, and Live Love Dance Studio. Nine reserved parking spaces are included.
Key Highlights
- Rare 4,029 SF Retail, Office, or Medical Condo
- Directly off 120th Ave & Hwy 287 with Convenient Access to US 36
- B‑2 General Business District Allows for a Wide Range of Uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,352
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,040
$1.3M
Cap Rate 7%
$919,314
$919.3K
Cap Rate 9%
$715,022
$715.0K
Market Conditions
NOI Build-Up for 4,029 SF
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.
Gross rent
$97.2K $24.12/SF
− Vacancy
−$5.2K −$1.30/SF
EGI
$91.9K $22.82/SF
− OpEx
−$27.6K −$6.85/SF
NOI
$64.4K $15.97/SF
Area
Jefferson County, CO
Vacancy
5.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,040
Cap Rate 7%
$919,314
Cap Rate 9%
$715,022
Alternative Uses
Best Use
Retail
$919.3K
$804.4K – $1.07M
NOI $64,352 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$775.6K
$678.7K – $904.9K
NOI $54,295 @ 7.0% cap · market cap 5.46%
Theoretical Best
Multifamily LT 5
$8.97M
$7.85M – $10.46M
NOI $627,619 @ 7.0% cap · market cap 63.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80020, CO
52,141
Population
21,607
Households
2.4
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
19.8 sq mi
ZIP Area
2,633
Density / Sq Mi
$114,039
Median Household Income
$58,056
Median Earnings
$2,024
Median Rent
$570,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 4,029 SF condo ideal for retail, office, or medical use.
Where is this medical office space located?
The property is located at 290 Nickel #200 Broomfield, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Rare 4,029 SF Retail, Office, or Medical Condo; Directly off 120th Ave & Hwy 287 with Convenient Access to US 36; B‑2 General Business District Allows for a Wide Range of Uses
