Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7965 Penrose Blvd Frederick, CO 80530

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12.83 Acres, R-2 Zoning, $2.15M

    Property Features for 7965 Penrose Blvd

    General Information

    Property type
    Land
    Lot Size
    558,875 SF

    We can help!

    Listing Contact
    Todd Walsh
    Todd Walsh

    Listing Agency: MARKET REAL ESTATE Listing Agent: Todd Walsh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 12.83-acre parcel in Frederick, Colorado, presents a prime multi-unit residential development opportunity. Located in Weld County, the property boasts R-2 zoning and is priced at $2,150,000 ($3.85/sq ft). The land is comprised of two lots (Lot A: 8.17 acres, Lot B: 4.66 acres). A concept plan outlines a potential 97-unit residential development. Extensive due diligence has already been completed, including geotechnical reports, sketch plans, a new survey, water analysis, a traffic study, and a list of mineral leases. The property's strategic location offers convenient access to I-25, providing easy commutes to Fort Collins, Boulder, and Denver. The current mill levy is 101.53. Raw water is not included. This is a rare chance to capitalize on Frederick's thriving growth and build a significant residential community in a highly desirable location. The comprehensive development documents provided significantly reduce the time and cost associated with project initiation. This presents a compelling investment opportunity for developers seeking a well-positioned project with substantial pre-development work already completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Weld
    State
    Colorado
    Longitude
    -104.9194298
    Latitude
    40.0883167

    Nearby Similar for Sale

    • $999,000

      Industrial Building in Frederick, Colorado

      4,534 SF industrial building with 26' ceilings for sale.
      3540 State Highway 52, Frederick, CO 80516
      View Details
    • $2,500,000
      7,200 SF

      Modern Industrial Building with Yard

      7,200 SF industrial building with secure outdoor storage.
      5741 Majestic St, Frederick, CO 80501
      View Details
    • Contact for pricing
      734,240 SF

      Planned Industrial Space For Sale

      734,240 SF of planned industrial space with outdoor storage.
      I-25 Frontage Rd & Tipple Pkwy, Frederick, CO 80516
      View Details
    • Contact for pricing
      23,000 SF

      New Industrial Buildings with Storage

      New industrial buildings with outdoor storage for sale or lease.
      4606 Falcon Pl, Frederick, CO
      View Details
    • Contact for pricing
      25,236 SF

      High-Visibility Retail/Automotive Property

      Exceptional potential for retail, service, or showroom operations.
      3761 Monarch St, Frederick, CO
      View Details
    • Contact for pricing
      6,333 SF

      Frederick Industrial Condominiums For Sale

      Fully leased industrial condominiums with owner-user opportunity in Frederick, CO.
      3752 Imperial St, Frederick, CO
      View Details

    FAQs

    What type of property is this?
    Land - 12.83 Acres, R-2 Zoning, $2.15M
    Where is this land located?
    The property is located at 7965 Penrose Blvd Frederick, CO.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: $2,150,000 asking price ($3.85/SF).; Located in Weld County, Colorado.; 12.83-acre site (8.17 acres + 4.66 acres).
    (303) 444-4888 Call to check price and availability
    Request Owner's contact information
    7965 Penrose Blvd Frederick, CO 80530
    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.
    7965 Penrose Blvd
    Frederick, CO 80530
    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
    7965 Penrose Blvd Frederick, CO 80530
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Todd Walsh
    Todd Walsh
    Real Estate License ID: EC100077894
    (303) 444-4888 (303) 444-5040 (386) 451-5611
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!