Apartment Building with In-Unit Laundry
New
For Sale
$4,725,000
3076 W 71 Way, Westminster, CO 80030
Each residence has two bedrooms and one bathroom, with gas and electric utilities separately metered.
Property Size27,938 SF
Lot Size1.00 Acre
Days on Market2
Property Features for 3076 W 71 Way
General Information
Standard status
Active
Size
27,938 SF
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Cap Rate
8.5%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$33,770
Amenities
In-unit laundry hookups
Building Details
Building Size
27,938 SF
Year Built
1962
Units
36
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Josh Newell · License #FA100001439
(303) 962-9559
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:39PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
Grove Gardens is an apartment property with two-bedroom, one-bathroom units on a one-acre parcel. Residences include laundry hookups, and gas and electric service is individually metered. The roofs were replaced in 2026.
The property is a quarter-mile walk from Westminster Light Rail Station. Built in 1962, it offers a straightforward apartment configuration with consistent unit layouts.
The property is a quarter-mile walk from Westminster Light Rail Station. Built in 1962, it offers a straightforward apartment configuration with consistent unit layouts.
Key Highlights
- All apartments have a two‑bedroom, one‑bathroom layout
- One‑acre parcel
- Roofs replaced in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$359,171
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,183,420
$7.2M
Cap Rate 7%
$5,131,014
$5.1M
Cap Rate 9%
$3,990,789
$4.0M
Market Conditions
NOI Build-Up for 27,938 SF
Gross rent
$700.7K $25.08/SF
− Vacancy
−$47.6K −$1.71/SF
EGI
$653.0K $23.37/SF
− OpEx
−$293.9K −$10.52/SF
NOI
$359.2K $12.86/SF
Area
Westminster, CO
Vacancy
6.80%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,183,420
Cap Rate 7%
$5,131,014
Cap Rate 9%
$3,990,789
Alternative Uses
Best Use
Apartment 5plus
$5.13M
$4.49M – $5.99M
NOI $359,171 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.17M
$7.15M – $9.53M
NOI $571,611 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has two bedrooms and one bathroom, with gas and electric utilities separately metered.
Where is this apartment building located?
The property is located at 3076 W 71 Way Westminster, CO.
What is the asking price?
The asking price for this property is $4,725,000.
What are key features of this property?
This property features: All apartments have a two‑bedroom, one‑bathroom layout; One‑acre parcel; Roofs replaced in 2026
