Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    390 Interlocken Cres Broomfield, CO 80021-8038
    Back to Search
    Property profile & analytics

    390 Interlocken Cres, Broomfield, CO 80021-8038

    View on Map
    • Office Spaces
    • 254,500 SF
    • 13.42 lot acres
    Off-Market
    Last Sale Sep 2, 2022
    $60,500,000
    Property ID
    US13-0874985
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 390 Interlocken Cres

    Year built
    2004
    Construction
    METAL FRAME
    Lot size
    13.42 lot acres
    Zone code
    PUD
    Property type
    Office Spaces
    APN
    157533119002
    APU
    157533119002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 2, 2022 $60,500,000 390 Inerlocken Owner LLC Fsp 390 Inerlocken LLC Special Warranty Deed $89.1M · Western Alliance Bank
    Jan 5, 2007 $46,800,000 Fsp 390 Interlocken LLC Amber Drive II LLC Grant Deed —

    Description

    This Class A, 20,902 square foot office building, located at 390 Interlocken Crescent, Suite 350, Broomfield, CO 80021, offers a variety of flexible workspace solutions. Situated in Broomfield County's prestigious Interlocken business park, the property boasts stunning Rocky Mountain views and is conveniently located on the US 30 Denver/Boulder corridor. The building underwent renovations in 2019 and features 350 total suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet of space is available. The property caters to diverse business needs, encompassing executive office suites, coworking spaces, and creative office layouts, suitable for multiple tenants. Amenities include elevators and proximity to outdoor recreational areas such as jogging trails and volleyball courts. This exceptional property provides a blend of modern workspace and convenient access to major transportation routes and recreational amenities. The building's contemporary design and expansive windows create a bright and spacious environment. This is an unparalleled opportunity to secure office space in a thriving Colorado business hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $46,515,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $55,990,000
      6.5%
      $51,685,000
      7%
      $47,990,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $70,295,000
      Current use
      OFFICE BUILDING
      $70,740,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $63,400,000
      Change: -10% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $57,635,000
      Change: -18% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Broomfield
    County
    Broomfield
    State
    Colorado
    Longitude
    -105.115
    Latitude
    39.9253
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,859,591
    $2,281,440
    $12,358,820
    $14,640,260
    -
    $8,177,210
    $44,296,860
    $52,474,070

    Comparable in this City

    • Value Estimation by Request
      6.82 Acres

      112Th Ave

      Restaurants
      0 112Th Ave, Westminster, CO 80021
      View Details
    • Value Estimation by Request

      11100 Broomfield Ln

      Flex space
      11100 Broomfield Ln, Broomfield, CO 80021
      View Details
    • Value Estimation by Request
      305,331 SF

      385 Interlocken Cres

      OFFICE (GENERAL)
      385 Interlocken Cres, Broomfield, CO 80021-3492
      View Details
    • Value Estimation
      $22,180,000
      121,982 SF

      310 Interlocken Pkwy

      OFFICE (GENERAL)
      310 Interlocken Pkwy, Broomfield, CO 80021-3479
      View Details
    • Value Estimation
      $6,825,000
      34,075 SF

      303 Technology Ct

      OFFICE (GENERAL)
      303 Technology Ct, Broomfield, CO 80021-3489
      View Details
    • Value Estimation by Request
      9,413 SF

      1910 Coalton Rd

      Office Spaces
      1910 Coalton Rd, Westminster, CO 80021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,284 SF

      Adaptable Industrial Facility in Broomfield

      Functional industrial facility with exceptional flexibility in Broomfield's Dry Creek Business Park.
      11120 Broomfield Ln, Broomfield, CO 80021
      View Details
    • Contact for pricing
      75,058 SF

      Westminster Flex/Industrial/Office Property

      75,058 SF flex, industrial, and office space for sale.
      8789 W 108Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      68,064 SF

      Fully Leased Flex Buildings

      Three flex buildings in Interlocken Business Park, fully leased.
      100 Technology Dr, Broomfield, CO 80021
      View Details
    • Contact for pricing
      22,478 SF

      Office Flex Condos For Sale

      Eight office flex condos available for sale or lease.
      10875 Dover St, Westminster, CO 80021
      View Details
    • Contact for pricing
      124,000 SF

      Arista Shell Space Available Now

      Versatile 3,820 SF space in a vibrant mixed-use development.
      8300 Arista Pl, Broomfield, CO 80021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,058 SF

      Westminster Flex Space - 75,058 SF

      Class A Flex/Warehouse, 7.15 acres, immediate occupancy.
      8789 108Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing

      Broomfield Office Space for Lease

      Office space near Interlocken Business Park with western views.
      11101 W 120 Ave, Broomfield, CO 80021
      View Details
    • Contact for pricing

      Office Space Near Interlocken Park

      Office space with excellent views and convenient location.
      11001 W 120 Ave, Broomfield, CO 80021
      View Details
    • Contact for pricing

      Office Space Near Interlocken Park

      Office space with excellent views and convenient location.
      10901 W 120 Ave, Broomfield, CO 80021
      View Details
    • Sponsored
      Contact for pricing

      Interlocken

      Discover many ways to work your way in Interlocken
      390 Interlocken Cres, Broomfield, CO 80021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    390 Interlocken Cres
    Broomfield, CO 80021-8038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    390 Interlocken Cres, Broomfield, CO, 80021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!