Current Use by Public Records
- Office Spaces
Property Details for 8380 Wyandot St
- Year built
- 1977
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a three-story, 15,006-square-foot medical office building in Westminster, Colorado. Located at 8380 Zuni St & 8371 Wyandot St, this Class C property boasts seven units and offers a compelling blend of established income and future development potential. Built in 1977, the building features a ramp and elevator for accessibility, and is situated on a substantial 34,875-square-foot lot. Currently generating a NOI of $84,226, a pro-forma NOI of $170,529 projects a 7.75% cap rate. The property includes a 15-year rooftop lease with T-Mobile, adding a consistent revenue stream. The zoning is C-0, allowing for a variety of uses. The asking price is $2,200,000, translating to $146.61 per square foot. The land value alone is $63.08 per square foot. Short-term leases are in place, presenting an opportunity for an owner-user or to increase rental income. Seller financing may be available at 5% interest, contingent upon the offer. The property's proximity to two hospitals, CommonSpirit Primary Care 84th Avenue and OnPoint Family Medicine at Westminster, further enhances its desirability and potential for growth. This is an ideal investment for a medical professional seeking an owner-user opportunity or an investor looking for strong returns in a thriving Denver market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.015
- Latitude
- 39.8485
