Multi-Level Office
For Sale
$270,000
7909 Zenobia Street, Westminster, CO 80030
The layout includes private offices and a reception area for professional office use.
Property Size1,140 SF
Price / SF$236.84
Days on Market10
Property Features for 7909 Zenobia Street
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$8,329
Building Details
Year Built
1981
Listing Agency:
XS Real Estate Advisors, LLC
(720) 470-0724
Listed By:
Alex Thomas-Haley
(720) 470-0724
Source:
Xome
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 5:00AM
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 XS Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This Class C office condominium contains 1140 square feet in a multi-level configuration with an open reception area, private offices, and tall ceilings. Built in 1981, the property provides a dedicated setting for administrative, support, satellite, or small-headquarters functions.
The office is located at 7909 Zenobia Street in Westminster, near 80th Avenue and Sheridan Boulevard, with access toward both Denver and Boulder. Residential use is not permitted by the Owner's Association, making the property specifically oriented toward office occupancy.
The office is located at 7909 Zenobia Street in Westminster, near 80th Avenue and Sheridan Boulevard, with access toward both Denver and Boulder. Residential use is not permitted by the Owner's Association, making the property specifically oriented toward office occupancy.
Key Highlights
- 1140‑square‑foot Class C office condo
- Multi‑level layout with open reception area and private offices
- Tall ceilings throughout the office configuration
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
$16,743
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
6.20%
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%
$334,860
$334.9K
Cap Rate 7%
$239,186
$239.2K
Cap Rate 9%
$186,033
$186.0K
Market Conditions
NOI Build-Up for 1,140 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
$29.7K $26.04/SF
− Vacancy
−$7.4K −$6.46/SF
EGI
$22.3K $19.58/SF
− OpEx
−$5.6K −$4.90/SF
NOI
$16.7K $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%
$334,860
Cap Rate 7%
$239,186
Cap Rate 9%
$186,033
Alternative Uses
Best Use
Office B
$239.2K
$209.3K – $279.1K
NOI $16,743 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 80030, CO
15,885
Population
6,823
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
6,110
Density / Sq Mi
$61,964
Median Household Income
$43,004
Median Earnings
$1,296
Median Rent
$422,300
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 units - The layout includes private offices and a reception area for professional office use.
Where is this office units located?
The property is located at 7909 Zenobia Street Westminster, CO.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1140‑square‑foot Class C office condo; Multi‑level layout with open reception area and private offices; Tall ceilings throughout the office configuration
