Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120th Ave & Zuni Street Westminster, CO 80234

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,550,000

    2.31 Acres Land For Sale

    Property size:
    100,623 SF
    Lot size:
    2.31 Acres
    Added:
    Jan 31, 2025
    Days on Market:
    427
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 120th Ave & Zuni Street

    General Information

    Standard status
    Active
    Property type
    Other land, Industrial land, Commercial land, Land
    Size
    100,623 SF
    Elevators
    N/A
    Lot size
    2.31 Acres

    We can help!

    Listing Contact
    Garrett Johnson

    Listing agent Garrett

    Listing office

    Listing date Jan 31, 2025

    Overview

    Westminster Development Land For Sale

    Located at the intersection of 120th Ave & Zuni Street in Westminster, Colorado (zip code 80234), this 2.31-acre parcel offers a development opportunity with 100,623 square feet of potential buildable space. Situated in an established suburban submarket, the property benefits from strong traffic counts and limited available inventory. Utilities are readily accessible, already stubbed to the location. Zoned as a Planned Unit Development (PUD), this land offers flexibility for various commercial or industrial projects. The estimated property taxes for 2024 are $22,287.42. This location and the lot size make this an investment opportunity for developers seeking a strategic foothold in a thriving Westminster submarket. The property's size, utility access, and favorable zoning position it for future value.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.005
    Latitude
    39.9123

    Nearby Similar for Sale

    • $500,000
      5,324 SF

      Versatile Workspace in Westminster

      Unique building in the heart of the future Uplands Development.
      8221 Bradburn Drive, Westminster, CO 80031
      View Details
    • $1,375,000
      11,041 SF

      Westminster Office Building Investment

      11,041 SF office building in a strategic Westminster location.
      8771 Wolff Court, Westminster, CO 80218
      View Details
    • $525,000
      1,360 SF

      Renovated Retail/Office Space Near Transit

      Recently renovated retail or office space with transit access.
      Westminster, CO 80221
      View Details
    • $390,000
      2,508 SF

      Renovated Office in Westminster

      Newly renovated three-level office space in well-maintained park.
      7901-7909 Zenobia St, Westminster, CO
      View Details
    • $1,600,000
      618 SF

      Established Drive-Thru Opportunity

      618 SF drive-thru, ideal for owner/user or existing business.
      8525 West 100th Avenue, Westminster, CO, 80021
      View Details
    • $1,295,000
      13,000 SF

      Westminster Retail/Flex Building For Sale

      Freestanding retail/flex building with parking in Westminster Enterprise Zone.
      7225 Lowell Blvd, Westminster, CO
      View Details
    • $2,500,000
      37,070 SF

      Westminster Value-Add Multi-Tenant Office

      Value-add multi-tenant office property in Westminster, Colorado for sale.
      8670 Wolff Court, Westminster, CO 80031
      View Details
    • $3,300,000
      6,362 SF

      Westminster Retail Investment Opportunity

      Strip center with value-add potential in high-traffic location.
      7211 Sheridan Boulevard, Westminster, CO 80003
      View Details
    • $1,299,600
      3,600 SF

      Turnkey Retail Condo in Westminster

      Adaptable space for retail, restaurant, or creative showroom uses.
      10860 Dover St, Westminster, CO
      View Details
    • $11,000,000
      71,367 SF

      Westminster Retail Investment Opportunity

      Retail investment property in a growing suburban Denver market.
      8601 Sheridan Blvd, Westminster, CO 80003
      View Details
    • $1,199,000
      4,722 SF

      Westminster Multifamily Investment Opportunity

      Well-maintained, fully leased 6-unit property with value-add potential.
      8803 Circle Drive, Westminster, CO 80031
      View Details
    • $1,199,000
      10,336 SF

      Westminster Office Building For Sale

      Three-story office building in Sheridan Park, Westminster, Colorado.
      8690 Wolff Court, Westminster, CO 80031
      View Details

    FAQs

    What type of property is this?
    Land - 2.31 Acres Land For Sale
    Where is this land located?
    The property is located at 120th Ave & Zuni Street Westminster, CO.
    What is the asking price?
    The asking price for this property is $1,550,000.
    (303) 886-2914
    We can help!
    Listing Contact
    Garrett Johnson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!