7105 119Th PlBroomfield, CO 80020

Property Details for 7105 119Th Pl

Year built

1953

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

1,386 SF

Zone code

P-D (J)

Property type

Office properties

Property subtype

Other office properties

APN

171702104004

APU

171702104004

Description

This Broomfield, CO storefront presents a compelling investment opportunity at $419,000. The 1,386 square foot Class B building, constructed in 1953, sits on a 0.24-acre lot (10,542 square feet) and boasts ample parking and storage, including a storage container and two sheds. Currently, the property is approximately 50% vacant, offering potential for an owner-user to occupy a portion while generating income from two existing tenants. One tenant, a massage business, pays $1800 per month gross rent (with a 60-day notice requirement), while a construction tenant pays $130 per month on a month-to-month basis and handles building maintenance. The property features one full bathroom with a shower and two half baths. Recent upgrades include new plumbing, a new HVAC system, and LED lighting. The permitted zoning is P-D (J), allowing for a variety of uses. Estimated 2024 property taxes are $5,754.32. Seller carry terms are available: 25% down, 7% interest-only, 3-year balloon. This property is ideal for an owner-user seeking office space and rental income or an investor looking for a strong return. The property's location at 7105 W 119th Pl, Broomfield, CO 80020, offers convenient access to Broomfield County amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $285,822

  6.5%

  $263,835

  7%

  $244,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $318,678

  Geo Method

  $114,511

• Alternative Use

  Use

  Valuation

  Residential

  $327,156

  Hospitality

  $299,673

  Educational

  $249,324

  Medical

  $257,899

  Retail

  $387,838

Location Insight

City

Broomfield

County

Broomfield

State

Colorado

Latitude

39.9135

Longitude

-105.076

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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