12-Unit Apartment
New
For Sale
$2,200,000
7030 Stuart Street, Westminster, CO 80030
Two adjacent buildings feature updated plumbing, roofs, water heaters, and boiler systems.
Property Size9,760 SF
Days on Market7
Property Features for 7030 Stuart Street
General Information
Standard status
Active
Size
9,760 SF
Class
B
Total Parking Spaces
1
Property subtype
Commercial
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,116
Building Details
Building Size
9,760 SF
Year Built
1961
Buildings
2
Units
12
Listing Agency:
Pinnacle Real Estate Advisors
(719) 325-6087
Listed By:
Christopher Knowlton · License #FA100052086
(719) 325-6087
Source:
Coloradopartners
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 10 at 11:04AM
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.
This multifamily offering includes two neighboring apartment buildings at 7030 Stuart Street and 4260 W. 70th Place in Westminster, Colorado. Each structure contains six units, for a combined total of 12 apartments. Every residence is configured as a 2-bedroom, 1-bath unit measuring approximately 725 SF. Constructed in 1961, the buildings have received several system updates, including new PEX plumbing, commercial-grade water pressure reducing valves, and three replacement water heaters installed in 2022. Both roofs and the commercial-grade gutter systems were replaced within the last 2 years. The 7030 Stuart Street building also received a new high-efficiency boiler in 2023.
The properties are situated a few blocks west of the Westminster Light Rail Station and are described as minutes from downtown Westminster. The sale includes both side-by-side six-unit buildings.
The properties are situated a few blocks west of the Westminster Light Rail Station and are described as minutes from downtown Westminster. The sale includes both side-by-side six-unit buildings.
Key Highlights
- 12 total apartment units across two side‑by‑side six‑unit buildings
- All units are 2Br/1Ba layouts of approximately 725 SF
- New PEX plumbing and commercial‑grade water pressure reducing valves
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
$125,475
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
5.70%
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%
$2,509,500
$2.5M
Cap Rate 7%
$1,792,500
$1.8M
Cap Rate 9%
$1,394,167
$1.4M
Market Conditions
NOI Build-Up for 9,760 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
$244.8K $25.08/SF
− Vacancy
−$16.6K −$1.71/SF
EGI
$228.1K $23.37/SF
− OpEx
−$102.7K −$10.52/SF
NOI
$125.5K $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 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%
$2,509,500
Cap Rate 7%
$1,792,500
Cap Rate 9%
$1,394,167
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.57M – $2.09M
NOI $125,475 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,690 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
948
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent buildings feature updated plumbing, roofs, water heaters, and boiler systems.
Where is this apartment building located?
The property is located at 7030 Stuart Street Westminster, CO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12 total apartment units across two side‑by‑side six‑unit buildings; All units are 2Br/1Ba layouts of approximately 725 SF; New PEX plumbing and commercial‑grade water pressure reducing valves
