1333 120Th AveWestminster, CO 80234

Property Details for 1333 120Th Ave

Year built

1983

Lot size

3.25 AC

Property size (Sq ft)

68,056 SF

Property type

Office properties

Property subtype

Office buildings

APN

R0024060

APU

R0024060

Description

One Park Centre, located at 1333 W 120th Ave in Westminster, Colorado, offers executive office suites in a newly renovated building. This three-story building, constructed in 1983 and extensively renovated in 2018, boasts a total of 69,173 square feet of office space. Currently, there are multiple tenancies available, with spaces ranging from a minimum of 745 square feet to a maximum contiguous space of 2,279 square feet. A total of 11,889 square feet is currently vacant and ready for immediate occupancy. The building provides ample parking with a ratio of 3.25 spaces per 1,000 square feet. Amenities include a newly renovated lobby and a large conference room, perfect for meetings and presentations. Security systems and lush landscaping enhance the property's appeal and provide a welcoming environment for tenants. The property is situated in Adams County, Colorado, with easy access to major transportation routes (zip code 80234). This is an excellent opportunity for businesses seeking modern, well-maintained office space in a convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $16,260,266

  6.5%

  $15,009,476

  7%

  $13,937,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,870,680

  Geo Method

  $5,622,786

• Alternative Use

  Use

  Valuation

  Residential

  $18,611,750

  Hospitality

  $17,048,264

  Educational

  $14,183,955

  Medical

  $14,671,763

  Retail

  $22,063,930

Location Insight

City

Westminster

County

Adams

State

Colorado

Latitude

39.9146

Longitude

-105.002

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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