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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11148 Benton St Westminster, CO 80020

    • Office buildings
    • 20,228 SF
    • 1.35 lot acres
    For Lease
    View listing
    Last Sale
    May 04, 2023
    $3,500,000
    Value Estimations
    $4,205,000
    Cap Rate Potential
    8.8%
    Office buildings
    Location Intelligence
    Property ID
    US13-2695382
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brim Water Damage Restoration Westminster / Water Damage Restoration Service
    • Sterling Component Systems - Truss Offices / Manufacturer
    • Westminster Movers / Mover

    Property Details for 11148 Benton St

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.35 lot acres
    Property size
    20,228 SF
    Property type
    Office buildings
    APN
    29-121-18-010
    APU
    2912118010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,610,000
      ML approach
      $3,940,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,280,000
      6.5%
      $4,875,000
      7%
      $4,525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,763,000
      Market price range: $3.26M - $7.60M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,620,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,040,000
      Change: -10% Conversion: Easy
      MEDICAL BUILDING
      $4,800,000
      Change: -15% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,585,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.054
    Latitude
    39.8986
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,969
    $81,867
    $876,303
    $958,170
    -
    $293,430
    $3,170,870
    $3,464,300

    Comparable in this City

    • Value Estimation
      $835,000
      127,434 SF

      11030 Cir Pt Rd

      OFFICE BUILDING • 127,434 SF
      11030 Cir Pt Rd, Westminster, CO 80020-2790
      View Details
    • Value Estimation
      $155,000
      22,744 SF

      11002 Benton St

      OFFICE BUILDING • 22,744 SF
      11002 Benton St, Westminster, CO 80020-3286
      View Details
    • Value Estimation
      $785,000
      88,427 SF

      13601 Via Varra

      OFFICE BUILDING • 88,427 SF
      13601 Via Varra, Broomfield, CO 80020-9791
      View Details
    • Value Estimation
      $275,000
      0.19 Acres

      7100 120th Ave

      OFFICE BUILDING • 0.19 Acres
      7100 120th Ave, Broomfield, CO 80020-2849
      View Details
    • Value Estimation
      $895,000
      159,724 SF

      11080 Cir Pt Rd

      OFFICE BUILDING • 159,724 SF
      11080 Cir Pt Rd, Westminster, CO 80020-2768
      View Details
    • Value Estimation by Request
      88,427 SF

      13699 Via Varra

      OFFICE BUILDING • 88,427 SF
      13699 Via Varra, Broomfield, CO 80020-9791
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,287 SF

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      View Details
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      Broomfield Flex Space Condo

      970 SF Flex Space, Vacant, $300,740
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    • $300,740
      970 SF

      Broomfield Flex Space Condo

      970 sq ft, Vacant, $300,740
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    Similar Nearby for Lease

    • Contact for pricing
      20,228 SF

      Professional Office Building For Rent

      Two-story office building with data center and backup generator.
      11148 Benton St, Westminster, CO 80020
      View Details
    • Contact for pricing
      220,000 SF

      Modernized Office Space Available

      Commercial, residential, and recreational facilities in Westminster, Colorado.
      11090 Circle Point Rd, Westminster, CO 80020
      View Details
    • $20 SF/Yr
      36,230 SF

      Broomfield Flex Space Opportunity

      Versatile Office/Warehouse Space in Broomfield, CO
      1001 Depot Hill Rd, Broomfield, CO 80020
      View Details
    • $20 SF/Yr
      2,510 SF

      Broomfield Flex Space Available

      Versatile Broomfield commercial space, 2,510 sq ft.
      1019 Depot Hill Rd, Broomfield, CO 80020
      View Details
    • $23 SF/Yr
      1,286 SF

      Modernized Office Space Available

      Creative tech space with modernized amenities in Westminster, Colorado.
      11030 Circle Point Rd, Westminster, CO 80020
      View Details
    • $20 SF/Yr
      3,920 SF

      Broomfield Retail, Office, Medical Condo

      4,029 SF condo for lease or sale in Broomfield, CO.
      290 Nickel St, Broomfield, CO 80020
      View Details
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    Westminster, CO 80020
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    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
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