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    7965 Penrose Blvd Frederick, CO

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    For Sale
    $2,150,000

    12.83 acres for multi-unit residential redevelopment in Frederick, Colorado.

    Lot size:
    12.83 Acres

    Property Features for 7965 Penrose Blvd

    General Information

    Lot size
    12.83 Acres

    Source: Market Real Estate Agent Todd Walsh, CCIM

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

    Overview

    Residential Redevelopment Opportunity

    This 12.83-acre property presents an opportunity for multi-unit residential redevelopment. Located in Weld County, Colorado, the site is divided into two lots: Lot A, spanning 8.17 acres, and Lot B, covering 4.66 acres. The property is zoned Residential R-2 and has a current mill levy of 101.53. A concept plan is available for 97 dwelling units. Development documents including geotechnical reports, sketch plans, a new survey, water analysis, a traffic study, and a list of mineral leases are also available. Raw water is not included.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Weld
    State
    Colorado
    Longitude
    -104.9371993
    Latitude
    40.0991506

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    FAQs

    What type of property is this?
    Land - 12.83 acres for multi-unit residential redevelopment in Frederick, Colorado.
    Where is this land located?
    The property is located at 7965 Penrose Blvd Frederick, CO.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Concept plan for 97 dwelling units; - Residential R-2 zoning allows for multi-unit residential redevelopment; - Lot size: 12.83 acres (Lot A- 8.17 acres, Lot B- 4.66 acres)
    (303) 444-5040
    Request Owner's contact information
    7965 Penrose Blvd Frederick, CO
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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
    7965 Penrose Blvd Frederick, CO
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