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    1501 124Th Ave Westminster, CO 80234

    For Sale
    $795,000

    Modern 2-story office, prime location.

    Property size:
    1,791 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,791 square foot Class B office condo in Westminster, CO, presents a compelling investment opportunity. Built in 2016 and renovated in 2023, this single-unit property boasts a 100% occupancy rate with a current net operating income (NOI) of $22,000, yielding a 2.77% pro-forma cap rate. The asking price is $795,000 ($443.89/sq ft). Situated in the Urban Box building park, this two-story space features multiple offices, a reception area, workstations, a large conference room, kitchen, bathroom, and a large glass overhead door. Enjoy stunning mountain views from several offices and ample parking in the shared lot. The flexible floor plan allows for adaptable workspace configurations. Conveniently located near I-25 and the 120th Avenue retail corridor, with nearby national tenants including Circle K, Starbucks, Wells Fargo, and FedEx, this property benefits from its proximity to Downtown Denver and the thriving North Denver market. Recent upgrades include the enclosure of a second-story loft to create three private offices and a 2023 HVAC system upgrade. The property is zoned C-1 and offers a strong investment potential due to its location, flexible space, and high-quality construction within a rapidly growing metro area. This is a sale/leaseback opportunity.

    Property Features for 1501 124Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,791 SF
    Class
    B

    Building Details

    Year Built/Renovated
    2016/2023
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Extensive interior renovations include three new private offices created from a former second‑story loft.
    • High‑efficiency HVAC system installed in 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farmers Insurance - James ... Insurance Agency Cheddar Advertising Advertising Agency SV Clean, Inc. Janitorial Service CIG Construction Roofing Contractor Entasis Group Architecture Firm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.00429465
    Latitude
    39.92267092

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    FAQs

    What type of property is this?
    Office Property / Space - Modern 2-story office, prime location.
    Where is this office property / space located?
    The property is located at 1501 124Th Ave Westminster, CO.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Extensive interior renovations include three new private offices created from a former second-story loft.; High-efficiency HVAC system installed in 2023.;
    Request Owner's contact information
    1501 124Th Ave Westminster, CO 80234
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    Westminster, CO 80234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 124Th Ave Westminster, CO 80234
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