Recently Renovated Retail/Office
For Sale
$499,000
6900 Lowell Blvd, Westminster, CO 80221
A renovated, functional layout suited for small retail or office users with strong transit access and ample on-site parking.
Property Size1,360 SF
Days on Market61
Property Features for 6900 Lowell Blvd
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Retail / Office
Additional Details
Highway Access
Yes
Building Details
Building Size
1,360 SF
Year Built
1971
Listing Agency:
Unique Properties, Inc
(303) 524-2081
Listed By:
Hudson Cramer
(303) 524-2081
Source:
Uniqueprop
Added: Jun 25
Changed: Aug 22
Last Checked: Aug 23 at 2:53AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
This property offers a functional floor plan designed for small retail or office users. The space has been recently renovated, supporting a move-in-ready experience for tenants who need an efficient, practical interior configuration.
The building is located directly next to Westminster Station, with convenient bus and light rail access providing service into downtown Denver. It also offers easy access to major roadways, including Hwy 36, I-25, I-76, and Hwy 270, and includes ample on-site parking for visitors and employees.
For buyers or operators, the combination of a renovated interior, a layout geared toward smaller users, and convenient mass transit access can support a variety of neighborhood-oriented retail and office needs. The property also includes noted development potential, with additional information available in the brochure.
The building is located directly next to Westminster Station, with convenient bus and light rail access providing service into downtown Denver. It also offers easy access to major roadways, including Hwy 36, I-25, I-76, and Hwy 270, and includes ample on-site parking for visitors and employees.
For buyers or operators, the combination of a renovated interior, a layout geared toward smaller users, and convenient mass transit access can support a variety of neighborhood-oriented retail and office needs. The property also includes noted development potential, with additional information available in the brochure.
Key Highlights
- Recently renovated space with a functional floor plan for small retail or office users
- Directly next to Westminster Station with bus and light rail access to downtown Denver
- Convenient access to Hwy 36, I‑25, I‑76, and Hwy 270
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
$19,974
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
4.00%
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%
$399,480
$399.5K
Cap Rate 7%
$285,343
$285.3K
Cap Rate 9%
$221,933
$221.9K
Market Conditions
NOI Build-Up for 1,360 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
$35.4K $26.04/SF
− Vacancy
−$8.8K −$6.46/SF
EGI
$26.6K $19.58/SF
− OpEx
−$6.7K −$4.90/SF
NOI
$20.0K $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%
$399,480
Cap Rate 7%
$285,343
Cap Rate 9%
$221,933
Alternative Uses
Best Use
Office B
$285.3K
$249.7K – $332.9K
NOI $19,974 @ 7.0% cap · market cap 4.00%
Second Best
Retail
$236.7K
$207.1K – $276.2K
NOI $16,570 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
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.
Frequently Asked Questions
What type of property is this?
Retail space - A renovated, functional layout suited for small retail or office users with strong transit access and ample on-site parking.
Where is this retail space located?
The property is located at 6900 Lowell Blvd Westminster, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Recently renovated space with a functional floor plan for small retail or office users; Directly next to Westminster Station with bus and light rail access to downtown Denver; Convenient access to Hwy 36, I‑25, I‑76, and Hwy 270
