Renovated Automotive Retail
For Sale
$1,595,000
7190 Newton Street, Westminster, CO 80030
Renovated building with a secure auto sales lot, sales office, and repair shop for automotive retail uses.
Property Size5,512 SF
Price / SF$289.37
Days on Market144
Property Features for 7190 Newton Street
General Information
Standard status
Active
Size
5,512 SF
Class
C
Property subtype
Office - Flex - Industrial
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
5,512 SF
Year Built
1970
Year Renovated
2022
Listing Agency:
Elite CRE
(303) 962-9555
Listed By:
Jamie Mitchell · License #FA100023002
Source:
Commercialcafe
Added: Apr 8
Changed: Aug 8
Last Checked: Jul 23 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite CRE
Investment Insights
Based on property information with market context.
Located at 7190 Newton Street in Westminster, this renovated building is configured for automotive retail and related operations, with a secure auto sales lot, a sales office, and a repair shop. The property totals 5,512 SF.
The surrounding area is described as offering convenient access to nearby retail, dining, and entertainment options at the Westminster Promenade. The location also provides opportunities for client meetings and industry networking at Legacy Ridge Golf Course, along with easy access to major roadways and public transportation.
The surrounding area is described as offering convenient access to nearby retail, dining, and entertainment options at the Westminster Promenade. The location also provides opportunities for client meetings and industry networking at Legacy Ridge Golf Course, along with easy access to major roadways and public transportation.
Key Highlights
- Renovated 5,512 SF building built in 1970
- Secure auto sales lot for automotive retail sales
- Includes sales office and repair shop for automotive retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,157
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,343,140
$1.3M
Cap Rate 7%
$959,386
$959.4K
Cap Rate 9%
$746,189
$746.2K
Market Conditions
NOI Build-Up for 5,512 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$104.5K $18.96/SF
− Vacancy
−$8.6K −$1.55/SF
EGI
$95.9K $17.41/SF
− OpEx
−$28.8K −$5.22/SF
NOI
$67.2K $12.18/SF
Area
Westminster, CO
Vacancy
8.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,343,140
Cap Rate 7%
$959,386
Cap Rate 9%
$746,189
Alternative Uses
Best Use
Retail
$959.4K
$839.5K – $1.12M
NOI $67,157 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$524.3K
$458.8K – $611.7K
NOI $36,700 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,776 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
19,811 visits/mo
0.4 miles
Chase Bank
Shops & Services
10,253 visits/mo
0.5 miles
7-Eleven
Shops & Services
8,947 visits/mo
0.1 miles
Conoco
Shops & Services
6,589 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
1,502 visits/mo
0.4 miles
Demographics for 80030, CO
15,885
Population
6,823
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
6,110
Density / Sq Mi
$61,964
Median Household Income
$43,004
Median Earnings
$1,296
Median Rent
$422,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Renovated building with a secure auto sales lot, sales office, and repair shop for automotive retail uses.
Where is this auto shop located?
The property is located at 7190 Newton Street Westminster, CO.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Renovated 5,512 SF building built in 1970; Secure auto sales lot for automotive retail sales; Includes sales office and repair shop for automotive retail uses
