Office Building with Expansion
New
For Sale
$900,000
3640 W 112th Avenue, Westminster, CO 80031
Commercially zoned office building with private work areas, shared workspace, reception, conference room, and dedicated parking.
Property Size2,410 SF
Price / SF$373.44
Days on Market3
Property Features for 3640 W 112th Avenue
General Information
Standard status
Active
Size
2,410 SF
Class
B
Total Parking Spaces
1
Property subtype
Commercial
Zoning
Commercial-3 - Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,313
Amenities
private offices
clustered/shared offices
cubicle space
tech room
lobby
conference room
covered patio
reception area
kitchenette
ADA-compliant restrooms
additional restroom
storage
Building Details
Building Size
2,410 SF
Year Built
1945
Units
1
Listing Agency:
Real Broker LLC
(720) 600-7007
Listed By:
Steven Pilkington · License #100023203
(720) 600-7007
Source:
Coloradopartners
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 2:58PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 2,410-square-foot office building offers a varied workplace layout with private offices, shared office areas, an open cubicle section, technology room, reception lobby, and conference room. A covered patio leads to the entry, while the building also includes a kitchenette, ADA-compliant restrooms, an additional restroom, and storage in an unfinished basement or crawl-space area. The HVAC system has been updated, and the roof was replaced in 2017.
The property is located across from Front Range Community College and is surrounded by residential communities. Access is available from Federal Blvd and the Denver Boulder Turnpike. A dedicated parking lot serves office tenants and visitors, and an adjacent lot is available for expansion or development of a second structure.
The property is located across from Front Range Community College and is surrounded by residential communities. Access is available from Federal Blvd and the Denver Boulder Turnpike. A dedicated parking lot serves office tenants and visitors, and an adjacent lot is available for expansion or development of a second structure.
Key Highlights
- 2,410 SF office building with private offices, shared work areas, cubicle space, tech room, lobby, and conference room
- Zoned Commercial‑3 - Office
- Across from Front Range Community College and near residential communities
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
$35,395
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
3.93%
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%
$707,900
$707.9K
Cap Rate 7%
$505,643
$505.6K
Cap Rate 9%
$393,278
$393.3K
Market Conditions
NOI Build-Up for 2,410 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
$62.8K $26.04/SF
− Vacancy
−$15.6K −$6.46/SF
EGI
$47.2K $19.58/SF
− OpEx
−$11.8K −$4.90/SF
NOI
$35.4K $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 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%
$707,900
Cap Rate 7%
$505,643
Cap Rate 9%
$393,278
Alternative Uses
Best Use
Office B
$505.6K
$442.4K – $589.9K
NOI $35,395 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.4K
$616.4K – $821.8K
NOI $49,309 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 80031, CO
37,254
Population
15,377
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
89%
High-School Grad
8.4 sq mi
ZIP Area
4,435
Density / Sq Mi
$106,244
Median Household Income
$56,470
Median Earnings
$1,911
Median Rent
$499,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office building with private work areas, shared workspace, reception, conference room, and dedicated parking.
Where is this office building located?
The property is located at 3640 W 112th Avenue Westminster, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,410 SF office building with private offices, shared work areas, cubicle space, tech room, lobby, and conference room; Zoned Commercial‑3 - Office; Across from Front Range Community College and near residential communities
