THIS IS FOR THE BUSINESS OWNER WHO IS DONE PAYING RENT.
If you are writing a lease check every month and wondering why you are building your landlord's equity
instead of your own — this is the conversation worth having. The math almost always favors ownership
at this price point. The only question is whether the right space exists. This one does.
1501 W 124th Avenue, Unit 700 is a 1,791 SF two-story office condominium in Westminster's Urban Box
professional campus. Built in 2016. Currently owner-occupied and available for a timely transition.
Offered at $665,000 — priced 15% below the most recent comparable sale in this same complex
($435/SF, November 2025). The Adams County Assessor independently values this property at $680,580
for 2025. You are buying below assessed value.
The unit is two stories with multiple private offices, a proper reception area, a large conference room, a
kitchen, and a private bathroom. Ten to twelve-foot ceilings. Concrete and carpet floors. Zoned heat and
central air. Ample dedicated parking in the shared complex lot. Large windows deliver Back Range
mountain views — several offices with direct sightlines to the Front Range. The floor plan is highly
adaptable: open areas can expand into additional workstations as headcount grows, or private offices
can open for a more collaborative environment. The standout feature is a grade-level glass overhead
door — absent from every competing office condo in this corridor. If your business requires ground-level
vehicle, equipment, or materials access, this unit is essentially your only option in this product type. The
Urban Box campus also connects directly to a greenbelt with walking and biking trails — immediate
outdoor access for your team from the front door.
The economics are straightforward. HOA dues are $505 per month and cover almost everything around
you: master building insurance, all common-area maintenance, landscaping, snow removal, water,
sewer, Xcel for common areas, and association management. One payment. No surprise vendor
invoices. With SBA 504 financing, qualified buyers have accessed this product type with as little as 10%
down — in the neighborhood of $65,000 to $70,000 at this price point, depending on lender and
borrower profile. Estimated all-in monthly ownership cost — debt service, property taxes, HOA, and a
maintenance reserve — runs in the range of $6,300 to $6,500 based on current rate assumptions, which
tracks closely with a comparable gross lease in this corridor. The difference is that one path builds equity
and one does not. At the end of ten years, ownership has created something. The lease has not.
There is also a tax dimension worth a conversation with your accountant. Ownership can unlock
depreciation deductions on the building structure, mortgage interest write-offs, and — under current
tax law — potentially accelerated deductions on qualifying improvements. These are benefits that
leasing simply does not provide. For many business owners, the after-tax cost of ownership compares
more favorably than the gross numbers alone suggest.
The location is Westminster's 120th Avenue professional corridor — two miles from I-25, nine miles
north of Downtown Denver, twenty-five minutes to Boulder via US-36, five minutes west to Broomfield
and Interlocken. Starbucks, FedEx, Wells Fargo, and Circle K within walking distance. Full retail, dining,
fitness, and medical services along 120th Avenue one mile south. The address your clients, referral
sources, and employees already know — accessible from every direction.
What you are actually buying is a fixed address. A building that appreciates instead of a lease that
expires. An ownership cost that is functionally equivalent to rent today — but builds equity instead of
your landlord's balance sheet. A workspace your team will want to come to. This is what a well-priced
owner-user opportunity looks like.
