Westminster Automotive Property For
For Sale
Contact for pricing
5170 W 120th Ave, Westminster, CO 80020
Automotive property with corporate guaranteed ABS NNN lease.
Property Size6,577 SF
Price / SF$432.87
Days on Market156
Property Features for 5170 W 120th Ave
General Information
Standard status
Active
Size
6,577 SF
Property subtype
Retail
Zoning
PUD
Building Details
Year Built
2000
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Drew Isaac · License #CO FA.100023779
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Jul 21 at 3:55AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This commercial property is an automotive shop with a corporate guaranteed ABS NNN lease. The tenant, Brakes Plus, has over 15 years remaining on the lease. The property has a size of 6577 square feet and is located in Westminster, Colorado.
Key Highlights
- 15+ Years Remaining on Lease
- Absolute Net (NNN) Lease provides a hands‑off investment opportunity.
- Corporate Guarantee
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
$80,132
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
2.81%
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%
$1,602,640
$1.6M
Cap Rate 7%
$1,144,743
$1.1M
Cap Rate 9%
$890,356
$890.4K
Market Conditions
NOI Build-Up for 6,577 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
$124.7K $18.96/SF
− Vacancy
−$10.2K −$1.55/SF
EGI
$114.5K $17.41/SF
− OpEx
−$34.3K −$5.22/SF
NOI
$80.1K $12.18/SF
Area
Westminster, CO
Vacancy
8.20%
Lease Rate
$18.96 /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%
$1,602,640
Cap Rate 7%
$1,144,743
Cap Rate 9%
$890,356
Alternative Uses
Best Use
Retail
$1.14M
$1.00M – $1.34M
NOI $80,132 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$625.6K
$547.4K – $729.9K
NOI $43,791 @ 7.0% cap · market cap 1.54%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,565 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
137k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Home Improvements & Furnishings 26%
Shops & Services 21%
Dining 9%
King Soopers
Groceries
59,299 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
35,775 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,992 visits/mo
0.3 miles
Petco
Shops & Services
10,339 visits/mo
0.4 miles
Deli Zone
Dining
3,139 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fowler Chevrolet - Oil Change — 6105 W 120th Ave, Broomfield, CO 80020
- Alternative Autoworx, Inc. — 5540 W 120th Ave, Broomfield, CO 80020
- Big O Tires — 6430 W 120th Ave, Broomfield, CO 80020
- Brakes Plus — 5170 W 120th Ave, Westminster, CO 80020
- Homeric Towing and Recovery — 2 Pine Pl, Broomfield, CO 80020
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with corporate guaranteed ABS NNN lease.
Where is this auto shop located?
The property is located at 5170 W 120th Ave Westminster, CO.
What is the asking price?
The asking price for this property is $2,847,000.
What are key features of this property?
This property features: 15+ Years Remaining on Lease; Absolute Net (NNN) Lease provides a hands‑off investment opportunity.; Corporate Guarantee
