Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Westminster Multifamily Investment Opportunity Title is generated by Realmo AI

    3076 W 71st Way, Westminster, CO 80030

    View on Map
    Claim this Listing
    For Sale
    $5,470,000

    2Bd/1Ba units on a large lot near planned developments.

    Type:Commercial
    Property size:
    27,938 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $195/SF
    Added:
    Sep 29, 2025
    Days on Market:
    249
    Last Refresh:
    Apr 5 at 8:19 pm

    Property Features for 3076 W 71st Way

    General Information

    Standard status
    Active
    Size
    27,938 SF
    Lot size
    1.05 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    JOSH NEWELL
    JOSH NEWELL

    Listing agent JOSH NEWELL License #FA100001439

    Listing office PINNACLE REAL ESTATE ADVISORS

    Listing date Sep 29, 2025

    Source Corcoran

    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

    HighLights

    • Significant $680,000 Price Reduction
    • High 6.81% Current CAP Rate
    • Priced Below Comparables at $170k/Unit
    • Favorable SPD Zoning Allows Redevelopment Options
    • Proforma Rents Already Being Achieved
    • Short Walk to Westminster Light Rail Station and Planned Developments

    Overview

    This multifamily property features all 2Bd/1Ba units situated on a large, 1-acre lot. The brick buildings have pitched roofs and offer both front and rear entrances. Each unit is individually metered for gas and electric. The property is located a short walk from major planned developments, including Northgate Center directly across the street and the Sherman Redevelopment, which is 1/4 mile south. Additionally, the Westminster Light Rail Station is a short, 1/4 mile walk away, providing convenient transportation options. The favorable SPD (Specific Plan District) zoning allows for multiple future redevelopment options. The property also offers quick access to US Hwy 36, Downtown Denver, Interlocken, and Boulder.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $700.7k $25.08
    − Vacancy −$47.6k −$1.71
    EGI $653.0k $23.37
    − OpEx −$293.9k −$10.52
    NOI $359.2k $12.86
    27,938 SF · lease $25.08/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $5.13M
    $4.49M – $5.99M (±1% cap)
    NOI $359,171 @ 7.0% cap · market cap 6.57%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $8.17M
    $7.15M – $9.53M (±1% cap)
    NOI $571,611 @ 7.0% cap · market cap 10.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.026
    Latitude
    39.8265

    Nearby Similar for Sale

    • $500,000
      5,200 SF

      Versatile Workspace in Uplands Development

      Unique office building with T-1 zoning in Westminster, Colorado.
      8221 Bradburn Dr, Westminster, CO 80031
      View Details
    • $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
    • $1,122,900
      3,940 SF

      Westminster Office Condo with Mountain Views

      Spacious office condo with two suites, mountain views, great location.
      2861 W 120th 250, Westminster, CO 80234
      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
    • $1,149,000
      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
    • $270,000
      1,140 SF

      Westminster Colony Offices

      7909 Zenobia St, Westminster, CO 80030
      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
    • $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
    • $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
    • $855,000

      Westminster Multifamily Investment Opportunity

      Four-unit property in a growing Westminster location.
      7255 Tennyson St 1-4, Westminster, CO 80030
      View Details
    • $855,000
      3,648 SF

      Westminster Multifamily Investment Opportunity

      Four-unit property in growing Westminster area with income potential.
      7255 Tennyson Street #1-4, Westminster, CO 80030
      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

    FAQs

    What type of property is this?
    Apartment building - 2Bd/1Ba units on a large lot near planned developments.
    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 $5,470,000.
    What are key features of this property?
    This property features: Significant $680,000 Price Reduction; High 6.81% Current CAP Rate; Priced Below Comparables at $170k/Unit
    (303) 962-9555
    We can help!
    Listing Contact
    JOSH NEWELL
    JOSH NEWELL
    Real Estate License ID: FA100001439
    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

    Thank You for Inquiry
    3076 W 71st Way, Westminster, CO 80030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!