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    3076 W 71St Way Westminster, CO 80030

    For Sale
    $6,150,000

    36-unit multifamily property near Westminster Light Rail Station.

    Property size:
    27,938 SF

    Property Features for 3076 W 71St Way

    General Information

    Size
    27,938 SF

    Building Details

    Year built
    1962

    Source: Josh Newell Agent Josh Newell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Westminster 36-Unit Multifamily Investment

    This 36-unit multifamily property is located in Westminster, Colorado, a quarter mile walk from the Westminster Light Rail Station. The property features all 2-bedroom, 1-bathroom units and is situated on a large 1-acre lot. The buildings are constructed of low-maintenance brick with pitched roofs, and include both front and rear entrances. Each unit is individually metered for gas and electric. The property benefits from its favorable SPD (Specific Plan District) zoning, which allows for multiple future redevelopment options. A major planned development, Northgate Center, is located directly across the street. Proforma rents are already being achieved and surpassed. The property offers quick access to US Highway 36, Downtown Denver, Interlocken, and Boulder. The property contains 27938 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.025915
    Latitude
    39.826531

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    FAQs

    What type of property is this?
    Apartment building - 36-unit multifamily property near Westminster Light Rail Station.
    Where is this apartment building located?
    The property is located at 3076 W 71St Way Westminster, CO.
    What is the asking price?
    The asking price for this property is $6,150,000.
    What are key features of this property?
    This property features: - High 6.52% Current CAP Rate; - Priced Well Below Comparable Properties at Just $170k/Unit; - Favorable SPD Zoning Allows for Multiple Future Redevelopment Options
    (303) 962-9559
    Request Owner's contact information
    3076 W 71St Way Westminster, CO 80030
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    Westminster, CO 80030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3076 W 71St Way Westminster, CO 80030
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