11031 Sheridan BlvdWestminster, CO 80020

Property Details for 11031 Sheridan Blvd

Year built

1975

Construction

WOOD FRAME

Lot size

2.38 AC

Property size (Sq ft)

13,572 SF

Property type

Office properties

Property subtype

Office buildings

APN

29-121-18-013

APU

2912118013

Description

This exceptional two-story, 27,287 square foot executive office building in Westminster, Colorado, presents a unique investment opportunity. Located at 11031 Sheridan Boulevard, this property boasts a prime location on a 2.38-acre lot, offering ample parking and stunning views of adjacent open space. Built in 1975 and renovated in 2000, the building is zoned PUD, allowing for flexible suite configurations and potential accessory retail uses. Approximately 20,000 contiguous square feet are currently vacant, ideal for a single tenant or multiple occupants. The remaining 8,000 square feet are occupied by a well-established tenant under a 10-year NNN leaseback agreement upon sale. This provides immediate income for investors or owner-users. The property benefits from high visibility on Sheridan Boulevard, experiencing over 38,000 vehicles daily, offering excellent signage potential. The asking price is $3,950,000 ($144.76/SF). This presents a compelling opportunity for owner-users seeking income, investors looking for a strong return, or tenants requiring substantial space in a desirable location. SBA financing may be available for owner-users.

• CAP approach

  CAP return

  Valuation

  6%

  $2,796,884

  6.5%

  $2,581,739

  7%

  $2,397,329

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,087,664

  Geo Method

  $1,121,319

• Alternative Use

  Use

  Valuation

  Residential

  $3,201,357

  Hospitality

  $2,932,426

  Educational

  $2,439,744

  Medical

  $2,523,650

  Retail

  $3,795,157

Location Insight

City

Westminster

County

Jefferson

State

Colorado

Latitude

39.8975

Longitude

-105.054

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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