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Property profile & analytics
OFF-MARKET
Estimated value
$9,350,000
Strip malls
12001 Pecos St, Westminster, CO 80234-2073
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0679782
Property summary
AI-generated overview
Park Plaza, located at 12001 N Pecos St, Westminster, CO 80234, offers a prime retail opportunity in the Northwestern submarket. This Class B property, built in 1982, comprises two single-story buildings totaling 47,469 square feet. Currently, 2,938 square feet of retail space is immediately available, with a maximum contiguous space of 2,983 square feet. The property sits on a 4.52-acre lot and provides ample parking with 115 spaces. There are no elevators. The location boasts excellent visibility to W 120th Ave and benefits from a diverse tenant mix of both local and national businesses. Its strategic position offers easy access to I-25, a major thoroughfare with over 130,000 vehicles passing daily. Furthermore, the property enjoys a highly advantageous location directly across from Maxar's headquarters, employing 1,183 individuals, ensuring a substantial and consistent customer base. This presents a unique opportunity for businesses seeking high visibility and a strong local presence in a thriving commercial area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
36,158 SF
Lot
4.58 ac (199,592 SF)
APN
R0024055
UPID
US13-0679782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Optimal Solutions Colorado, LLC Physician
-
Mountain View Bank of Commerce Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
$8.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.35M
Owner & transaction history
Lafayette Nroth Pecos Retail LLC · 4 yrs held
Lafayette Nroth Pecos Retail LLC
since 2022
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.6M
+518.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westminster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,310,000
ML approach
$8,660,000
CAP Approach
CAP Return
Estimation
6%
$8,845,000
6.5%
$8,165,000
7%
$7,580,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,610,000
Change: +519% · Conversion: Difficult
Blend value · Realmo final
$9.35M
Range $8.42M – $10.29M · ±10% · vs last sale $10.31M (Feb 18 2022)
Last sale anchor
$10.31M
Feb 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$259 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$185,489
Tax year 2023
Assessed value
$1,855,080
Assessed 2023
Previous assessed
$1,767,120
+5.0% YoY
Effective rate
10.00%
On assessed value
Assessed land
$556,870
Assessed improvement
$1,298,210
Land market value
$1,995,959
Improvement market value
$4,653,075
Total market value
$6,649,034
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Heating
OTHER
Cooling
OTHER
Buildings
2
Stories
1
Total area
36,158 SF
Lot
4.58 ac (199,592 SF)
APN
R0024055
UPID
US13-0679782
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
4.58 ac
Current owner
From public records · entity-resolved
Lafayette Nroth Pecos Retail LLC
Entity
Mailing address
755 N LAFAYETTE ST, DENVER, CO 80218-3502
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$10,355,000
Lafayette Nroth Pecos Retail LLC
Park Plaza Spe LLC
Special Warranty Deed
$7,187,000 · Independent Bank
Aug 31, 2016
—
Park Plaza Spe LLC
—
Deed
related
$3,275,000 · Midfirst Bk
Dec 22, 2014
$4,488,750
Park Plaza Spe LLC
Csmc 2007-c3 Westminster Retai
Grant Deed
—
Aug 14, 2013
—
Csmc 2007-c3 Westminster Retai
Public Trustee Of Adams County
Trustees Deed
related
—
Aug 6, 2013
$3,750,000
Jb2 LLC
Public Trustee Of Adams County
Certificate Of Purchase
$5,650,000
Feb 22, 2007
$3,700,000
Jb2 LLC
12001-120th LLC
Trustees Deed
$5,650,000 · Column Financial INC
Sep 27, 2002
$4,398,800
Ute City Place LLC
Chambers Pad LLC
Grant Deed
$3,300,000 · Colorado Business Bank NA
—
—
Park Plaza Spe LLC
—
Deed Of Trust
related
$3,275,000 · Midfirst Bk
—
—
Ute City Place LLC
—
Deed Of Trust
related
$4,100,000 · American Equity Inv Life Ins
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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