Vasa Fitness-Anchored Neighborhood
For Sale
Contact for pricing
Pending
7353 FEDERAL BLVD, Westminster, CO 80030
Shopping center offering a high occupancy mix of food, retail, fitness, and service tenants along a major north-south corridor.
Property Size98,975 SF
Days on Market70
Property Features for 7353 FEDERAL BLVD
General Information
Standard status
Pending
Size
98,975 SF
Class
B
Property subtype
Retail
Occupancy
97%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$1,729,048
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Year Renovated
2019
Stories
1
Units
21
Tenancy
Multi
Listing Agency:
CBRE - Denver Downtown
Listed By:
Matthew Henrichs · License #CO FA.100007009
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 11 at 2:11PM
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 CBRE - Denver Downtown
Investment Insights
Based on property information with market context.
Westminster Plaza is a 98,975-square-foot neighborhood shopping center anchored by Vasa Fitness. The property is reported as 97.8% leased to a complementary tenant mix that includes food and beverage, general retail, health and beauty, financial services, fitness, and veterinary care.
The center is located along Federal Boulevard, a primary north-south thoroughfare in the Denver MSA. It is described as two blocks from the Highway-36 interchange, providing access to both the Boulder and Denver metro areas.
For buyers seeking a retail asset with an established tenant roster, Westminster Plaza offers a diversified day-to-day tenant mix across service-oriented categories, including fitness and veterinary care. The offering is presented free and clear on an “as-is, where-is” basis, and details are available through a confidentiality agreement process. Within the provided trade area information, the 3-mile radius is reported to include a population of over 136,561 and an average household income of $104,679.
The center is located along Federal Boulevard, a primary north-south thoroughfare in the Denver MSA. It is described as two blocks from the Highway-36 interchange, providing access to both the Boulder and Denver metro areas.
For buyers seeking a retail asset with an established tenant roster, Westminster Plaza offers a diversified day-to-day tenant mix across service-oriented categories, including fitness and veterinary care. The offering is presented free and clear on an “as-is, where-is” basis, and details are available through a confidentiality agreement process. Within the provided trade area information, the 3-mile radius is reported to include a population of over 136,561 and an average household income of $104,679.
Key Highlights
- 98,975 SF Vasa Fitness‑anchored neighborhood shopping center in Westminster, CO
- 97.8% leased to tenants including food & beverage, general retail, health & beauty, financial services, fitness, and veterinary care
- Located along Federal Boulevard, a primary north‑south thoroughfare in the Denver MSA
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
$1,205,881
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
4.92%
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%
$24,117,620
$24.1M
Cap Rate 7%
$17,226,871
$17.2M
Cap Rate 9%
$13,398,678
$13.4M
Market Conditions
NOI Build-Up for 98,975 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
$1.88M $18.96/SF
− Vacancy
−$153.9K −$1.55/SF
EGI
$1.72M $17.41/SF
− OpEx
−$516.8K −$5.22/SF
NOI
$1.21M $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%
$24,117,620
Cap Rate 7%
$17,226,871
Cap Rate 9%
$13,398,678
Alternative Uses
Best Use
Retail
$17.23M
$15.07M – $20.10M
NOI $1,205,881 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.93M
$25.31M – $33.75M
NOI $2,025,029 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
209k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 34%
Groceries 11%
Electronics 1%
McDonald's
Dining
29,066 visits/mo
0.3 miles
Save-A-Lot
Groceries
22,169 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,811 visits/mo
0.3 miles
Wendy's
Dining
18,760 visits/mo
0.2 miles
Murphy USA
Shops & Services
17,392 visits/mo
0.1 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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Similar Off Market Nearby
- 72nd And Federal — 7243 Federal Blvd, Westminster, CO 80030
- Westminster Plaza Shopping Center — 7358 Federal Blvd, Westminster, CO 80030
- La Conte Shopping Center — 7312 Federal Blvd, Westminster, CO 80030
- Mission Valley — 2965 W 72nd Ave, Westminster, CO 80030
- Westminster Square — 3031 W 74th Ave, Westminster, CO 80030
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center offering a high occupancy mix of food, retail, fitness, and service tenants along a major north-south corridor.
Where is this shopping center located?
The property is located at 7353 FEDERAL BLVD Westminster, CO.
What is the asking price?
The asking price for this property is $24,500,000.
What are key features of this property?
This property features: 98,975 SF Vasa Fitness‑anchored neighborhood shopping center in Westminster, CO; 97.8% leased to tenants including food & beverage, general retail, health & beauty, financial services, fitness, and veterinary care; Located along Federal Boulevard, a primary north‑south thoroughfare in the Denver MSA
