1501 124Th Ave Westminster, CO 80234
- Office Properties & Spaces
- 1,791 SF
Current Use by Public Records
- Farmers Insurance - James Peters / Auto Insurance Agency / Home Insurance Agency
- Cheddar Advertising / Advertising Agency / Website Designer
- SV Clean, Inc. / Janitorial Service
- CIG Construction / Roofing Contractor
- Entasis Group / Architecture Firm
Property Details for 1501 124Th Ave
- Year built
- 2016
- Property size
- 1,791 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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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
- Adams
- State
- Colorado
- Longitude
- -105.004
- Latitude
- 39.9227
