Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11815 Rdg Pkwy Broomfield, CO 80021-5073

    • Apartment buildings
    • 313,394 SF
    • 24.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2675125
    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

    • Apartment buildings

    Property Details for 11815 Rdg Pkwy

    Year built
    2002
    Construction
    WOOD
    Lot size
    24.44 lot acres
    Property size
    313,394 SF
    Zone code
    PUD
    Property type
    Apartment buildings
    APN
    171706101002
    APU
    171706101002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $67,150,000
      6.5%
      $61,985,000
      7%
      $57,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $96,102,000
      Market price range: $65.6M - $96.1M
      AI Estimate
      $85,224,000
      Market price range: $19.5M - $85.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $78,075,000
      Current use
      AUTO REPAIR, GARAGE
      $133,550,000
      Change: +71% Conversion: Difficult
      RESTAURANT
      $117,370,000
      Change: +50% Conversion: Difficult
      RETAIL STORES
      $113,695,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $87,110,000
      Change: +12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $86,565,000
      Change: +11% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $70,970,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Broomfield
    County
    Broomfield
    State
    Colorado
    Longitude
    -105.154
    Latitude
    39.9103
    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
    $712,419
    $710,240
    $7,372,920
    $8,083,160
    -
    $10,498,680
    $108,986,320
    $119,485,000

    Comparable in this City

    • Value Estimation by Request
      260,751 SF

      11555 Destination Dr

      APARTMENT HOUSE (5+ UNITS) • 260,751 SF
      11555 Destination Dr, Broomfield, CO 80021
      View Details
    • Value Estimation
      $8,950,000
      34,584 SF

      8000 Uptown Ave

      APARTMENT HOUSE (5+ UNITS) • 34,584 SF
      8000 Uptown Ave, Broomfield, CO 80021-4795
      View Details
    • Value Estimation by Request
      285,588 SF

      11996 Rdg Pkwy

      APARTMENT HOUSE (5+ UNITS) • 285,588 SF
      11996 Rdg Pkwy, Broomfield, CO 80021-5014
      View Details
    • Value Estimation by Request
      3.76 Acres

      11448 Central Ct

      APARTMENT HOUSE (5+ UNITS) • 3.76 Acres
      11448 Central Ct, Broomfield, CO 80021-4140
      View Details
    • Value Estimation by Request
      308,832 SF

      401 Interlocken Blvd

      APARTMENT HOUSE (5+ UNITS) • 308,832 SF
      401 Interlocken Blvd, Broomfield, CO 80021-3425
      View Details
    • Value Estimation by Request
      577,088 SF

      120 Edgeview Dr

      APARTMENT HOUSE (5+ UNITS) • 577,088 SF
      120 Edgeview Dr, Broomfield, CO 80021-8077
      View Details

    Similar Nearby for Sale

    • $450,000
      1,110 SF

      End Unit Condo with Upgrades

      Remodeled condo with vaulted ceilings, hardwood floors, and scenic views.
      9677 Independence Dr, Westminster, CO 80021
      View Details
    • $450,000
      1,110 SF

      Remodeled Condo Near Big Dry Creek

      Rare end-unit condo with vaulted ceilings, remodeled, near trails.
      9677 Independence Dr, Westminster, CO 80021
      View Details
    • Contact for pricing
      75,058 SF

      Westminster Industrial/Office Complex

      75,058 SF Class A Space, Colorado
      8789 108Th Ave, Westminster, CO 80021
      View Details
    • $650,000
      2,946 SF

      Broomfield Industrial Space For Sale

      2,946 SF Flex Space, $650K
      0 Dover St, Westminster, CO 80021
      View Details
    • $1,500,000
      22,478 SF

      Westminster Flex Condo Units

      Flex condo units for sale in thriving Westminster.
      10875 Dover St, Westminster, CO 80021
      View Details
    • $875,000

      Jefferson County Agricultural Zoned Property

      3.5+/- acre agricultural property in Jefferson County, Westminster, CO.
      10245 Wadsworth Blvd, Westminster, CO 80021
      View Details

    Similar Nearby for Lease

    • $75 SF/Yr
      20,902 SF

      Regus Interlocken Executive Suites

      Prime Broomfield Office Space: Flexible Options Available
      390 Interlocken Cres, Broomfield, CO 80021
      View Details
    • Contact for pricing
      35,000 SF

      Retail Space on Wadsworth Parkway

      Anchor and stand-alone retail spaces available with strong visibility.
      9180 Wadsworth Pkwy, Westminster, CO 80021
      View Details
    • Contact for pricing
      8,041 SF

      Westminster Office Space Available

      8,041 square foot office space for rent.
      10170 Church Ranch Way, Westminster, CO 80021
      View Details
    • $14 SF/Yr

      Westminster Office Suites For Lease

      High-profile office suites available in growing urban Westminster area.
      9035 Wadsworth Pkwy, Westminster, CO 80021
      View Details
    • Contact for pricing
      75,058 SF

      Westminster Flex Space - 75,058 SF

      Class A Flex/Warehouse, 7.15 acres, immediate occupancy.
      8789 108Th Ave, Westminster, CO 80021
      View Details
    • $12 SF/Yr
      3,800 SF

      Interlocken Blvd Flex Space Available

      Broomfield, CO industrial flex space for lease.
      295 Interlocken Blvd, Broomfield, CO 80021
      View Details
    Request Owner's contact information
    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.
    11815 Rdg Pkwy
    Broomfield, CO 80021-5073
    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
    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

    Google sign-in failed. Please try again or use another login method.