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Park Plaza Commons

555 Alter St., Broomfield, CO 80020
Available Now
$9,300,000
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FOR SALEMixed Use / Retail + Industrial
Building Size
66,740SF
Ceiling Height / Slab to Slab
9 ft
Parking Info
200 spaces
Lot Size
4.22AC
Year Built
1967
Year Renovated
1980
Listing Contacts
Principal
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AI Property Insights
Distilled from listing data, documents and public records · 30-second read

Park Plaza Commons is a 66,740 SF mixed-use industrial/flex asset at the intersection of Highway 36 and Highway 287 in Broomfield, Colorado, offered at $9,300,000 ($139.35/SF)—well below recent Denver-metro comparable sales averaging $171.83/SF. Built in 1967 and renovated in 1980, the property sits on 4.22 acres with I-2 zoning and currently operates at 65.4% occupancy, with clear NOI growth projected from $239,505 in 2026 to $642,000 by 2028 as vacant space leases.

The asset features flexible industrial and retail uses supported by 9–16 feet of clear ceiling height, dock-and-drive-in loading throughout, and RTU HVAC with fire sprinklers. A contiguous 21,023 SF turnkey block (Suites 15-A, 15-B, and 19-B) is available now with drive-in access; Suite 19-B also includes dock-high doors. Vacant suites are actively marketed at $9.00/SF plus $6.40 NNN, demonstrating market-supported rents. The 200-space parking lot and flat roof with exposed deck in select areas support diverse tenant profiles, from automotive service to animal care equipment to recording studios.

Broomfield anchors the Denver-Boulder tech corridor with exceptional demographics: median household income exceeds $123,800, and over 60% of residents hold a bachelor's degree or higher. The location benefits from proximity to Interlocken Business Park (20 minutes to Boulder, 24 minutes to Denver) and established retail anchors like FlatIron Crossing, ensuring strong daily traffic and historically low vacancy. Phase II ESA has been completed.

Why it works
  • List price of $139.35/SF sits well below recent Denver-metro industrial/flex/R&D sales average of $171.83/SF
  • 21,023 SF contiguous turnkey block with drive-in and dock-high access, available now
  • Clear NOI growth path: $239,505 (2026) to $642,000 (2028) as 36.6% economic vacancy normalizes to 5%
  • Flexible I-2 zoning on 4.22 acres supporting industrial, flex, retail, and service uses
  • Highway 36 and 287 intersection with strong daily traffic and proximity to Interlocken Business Park
  • Phase II ESA completed
AI-generated. Verify figures, lease terms & zoning before relying on them.

More property details

Column Spacing
12" x 12" concrete columns (typical)
Zoning
I-2
Tenancy
Multi Tenant
Currently Leased
No
Investment
Stabilized
Sale Type
Traditional Sale
Property Status
Ready To Use
No of Buildings
1
Loading
Multiple drive-in overhead doors (8'x10', 9'x8', 9'x10', 10'x10', 10'x12', 12'x10', 12'x12', 14'x10', 16'x9') and dock-high doors
Investment Detail
Well-located Broomfield industrial/flex asset offering below-market basis, proven location, and two distinct paths to value creation. 21,023 SF contiguous turnkey block available for owner-user. Clear NOI growth path with suites actively marketed at $9.00/SF + $6.40 NNN.

Features & amenities

Site Amenities
Assigned Parking Spaces
Loading Docks
Dock High Doors
Building Features
Flat roof
RTU HVAC
Fire sprinklers throughout
Exposed roof deck in select areas
Fluorescent and incandescent lighting
Location Amenities
Highway 36 access
Highway 287 access
Proximity to Interlocken Business Park
Near Boulder (20 minutes)
Near Denver (24 minutes)

Location

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Park Plaza Commons
About the location

Strategically situated at the absolute center of the Denver-Boulder tech corridor, Broomfield represents one of the most compelling, high-growth investment markets along the Front Range. Positioned at the intersection of Highway 36 and Highway 287 with excellent regional connectivity and proximity to Interlocken Business Park, Boulder (20 min), and Denver (24 min). Strong daily traffic counts and established retail epicenters like FlatIron Crossing ensure strong tenant visibility and dense foot traffic.

Location highlights
  • Highway 36 and Highway 287 intersection;
  • proximity to Interlocken Business Park;
  • 20 min to Boulder, 24 min to Denver;
  • strong daily traffic counts;
  • affluent, high-earning demographic with median household income over $123,800

Documents

PDF
555-flyer.pdf
3.52 MB · Listing document

Additional details

Document Type
Offering Memorandum
Brokerage Main Phone
720-738-1949
Brokerage Website
www.NorthPeakCRE.com
Drive In Doors
Multiple drive-in overhead doors throughout property
Roof Type
Flat
Hvac Type
RTU
Fire Sprinkling
Throughout premises
Environmental Status
Phase II ESA completed
Market Overview

Broomfield is strategically positioned in the Denver-Boulder tech corridor with exceptional median household income of $123,800+ and 60%+ bachelor's degree or higher. Strong corporate tech and aerospace hubs including Interlocken Business Park drive robust local economy. Established retail epicenters like FlatIron Crossing ensure strong tenant visibility and low historical vacancy rates.

Comparable Sales
Address955 E 58th Ave, Denver, CO 80216
Sale Date2025-07-18
Sale Price6200000
Year Built1980
Building Size36300
Land Area2.11
Price Per SF170.8
Address313-317 Inverness Way S, Englewood, CO 80112
Sale Date2025-12-16
Sale Price10220000
Year Built1980
Building Size72590
Land Area5.54
Price Per SF140.79
Address3545 S Platte River Dr, Sheridan, CO 80110
Sale Date2025-11-21
Sale Price10509090
Year Built1982
Building Size56559
Land Area3.33
Price Per SF185.81
Address10790 W 50th Ave, Wheat Ridge, CO 80033
Sale Date2025-01-21
Sale Price6960000
Year Built1985
Building Size35870
Land Area2.26
Price Per SF194.03
Address6802-6880 S Dallas Way, Greenwood Village, CO 80112
Sale Date2026-01-21
Sale Price9357823
Year Built1981
Building Size55788
Land Area2.47
Price Per SF167.74
Legal Disclaimer

This confidential Offering Memorandum has been prepared by NorthPeak Commercial Advisors, LLC for use by a limited number of qualified parties. NorthPeak Commercial Advisors recommends independent examination and inspection of the property. By accepting this Offering Memorandum, you acknowledge reliance solely upon your own examination and investigation. NorthPeak Commercial Advisors makes no guarantee, warranty, or representation about the completeness or accuracy of the information. The information is not intended to be a promise or representation as to future performance.

Confidentiality Agreement

This Offering Memorandum and its contents are intended to remain confidential. By accepting this Offering Memorandum, you agree to hold it in strictest confidence and not photocopy, duplicate, or distribute it without prior written authorization from NorthPeak Commercial Advisors.

Tenant Mix
Occupied SF
43,684
Vacant SF
23,056
Occupancy Rate
0.654
Tenants
Suite3-A
TenantTheir Spa LLC
Sf1166
Rent PSF14.62
Lease Expiration2028-12-31
Suite6
TenantAbsolute Electrical Heating & Cooling
Sf1010
Rent PSF15
Lease Expiration2027-02-28
Suite7, 8, 10
TenantBroomfield Automotive
Sf6974
Rent PSF8.5
Lease Expiration2026-06-30
Suite9
TenantVape Mart LLC
Sf1098
Rent PSF17.54
Lease Expiration2026-06-30
Suite12, 13
TenantA1 Auto Care and Services
Sf2144
Rent PSF19.57
Lease Expiration2030-04-30
Suite14
TenantVape Mart LLC
Sf4427
Rent PSF8.25
Lease Expiration2028-03-14
Suite19-A, 19-E
TenantAnimal Care Equipment Services
Sf9484
Rent PSF9.5
Lease Expiration2030-12-31
Suite19-C
TenantDog Life
Sf5199
Rent PSF14
Lease Expiration2029-04-30
Suite19-F, 19-G
TenantGlobal Sound Recording
Sf6761
Rent PSF7.68
Lease Expiration2028-07-31
SuiteA, B, C, D, G
TenantMaria Hart
Sf1245
Rent PSF8.93
Occupancy Statusoccupied
Vacant Units
Suite5
Sf901
Market Rent15
Occupancy Statusvacant
Suite15-A
Sf3214
Market Rent9
Occupancy Statusvacant
NotesDrive-in access
Suite15-B
Sf5753
Market Rent9
Occupancy Statusvacant
NotesDrive-in access
Suite19-B
Sf12056
Market Rent9
Occupancy Statusvacant
NotesDrive-in and dock-high access
Suite19-D
Sf4082
Market Rent9
Occupancy Statusvacant
SuiteE
Sf400
Market Rent4
Occupancy Statusvacant
SuiteF
Sf286
Market Rent4
Occupancy Statusvacant
Financial Projections > 2026
Total Income
1,107,728
Economic Vacancy
0.366
Property Expenses
447,195
Noi
239,505
Cap Rate
0.026
Cash On Cash Return
-0.055
Financial Projections > 2027
Total Income
1,140,960
Economic Vacancy
0.1
Property Expenses
460,611
Noi
566,253
Cap Rate
0.061
Cash On Cash Return
0.029
Financial Projections > 2028
Total Income
1,175,188
Economic Vacancy
0.05
Property Expenses
474,429
Noi
642,000
Cap Rate
0.069
Cash On Cash Return
0.049
Financial Projections > 2029
Total Income
1,210,444
Economic Vacancy
0.05
Property Expenses
488,662
Noi
661,260
Cap Rate
0.071
Cash On Cash Return
0.054
Financial Projections > 2030
Total Income
1,246,757
Economic Vacancy
0.05
Property Expenses
503,322
Noi
681,098
Cap Rate
0.073
Cash On Cash Return
0.059
Park Plaza Commons
66,740 SF · mixed-use · Broomfield · CO
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