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    Property profile & analytics

    12001 Pecos St Westminster, CO 80234

    • Strip malls
    • 36,158 SF
    • 4.58 lot acres
    For Lease
    View listing
    Last Sale
    Feb 18, 2022
    $10,305,000
    Value Estimations
    $9,350,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0679782
    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

    • Optimal Solutions Colorado, LLC / Health Consultant
    • Mountain View Bank of Commerce / Bank / Financial Institution

    Property Details for 12001 Pecos St

    Year built
    1984
    Lot size
    4.58 lot acres
    Property size
    36,158 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    R0024055
    APU
    R0024055

    Description

    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.

    Value 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.007
    Latitude
    39.9147
    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
    $185,489
    $556,870
    $1,298,210
    $1,855,080
    -
    $1,995,959
    $4,653,075
    $6,649,034

    Comparable in this City

    • Value Estimation
      $4,475,000
      25,248 SF

      970 104th Ave

      SHOPPING CENTER, STRIP CENTER • 25,248 SF
      970 104th Ave, Northglenn, CO 80234-3801
      View Details
    • Value Estimation
      $7,915,000
      12,619 SF

      11265 Decatur St

      SHOPPING CENTER, STRIP CENTER • 12,619 SF
      11265 Decatur St, Westminster, CO 80234-4792
      View Details
    • Value Estimation
      $7,900,000
      16,436 SF

      11225 Decatur St

      SHOPPING CENTER, STRIP CENTER • 16,436 SF
      11225 Decatur St, Westminster, CO 80234-2730
      View Details
    • Value Estimation
      $44,915,000
      221,399 SF

      200 136th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 221,399 SF
      200 136th Ave, Westminster, CO 80234-1204
      View Details
    • Value Estimation
      $8,190,000
      76,087 SF

      10602 Melody Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 76,087 SF
      10602 Melody Dr, Northglenn, CO 80234-4114
      View Details
    • Value Estimation
      $3,435,000
      26,500 SF

      2700 104th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 26,500 SF
      2700 104th Ave, Denver, CO 80234
      View Details

    Similar Nearby for Sale

    • $6,900,000
      34,272 SF

      Northglenn Retail Center For Sale

      Value-add retail center with high occupancy in Northglenn, Colorado.
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      View Details
    • $1,100,000

      Denver Bank Building - For Sale

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      Premier commercial development opportunity with high visibility and accessibility near I-25.
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      Westminster Office Condo Investment

      Modern 2-story office, prime location.
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      Land Near E-470 Freeway

      Strategic land investment opportunity fronting E-470 in Commerce City.
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      Functional Office Condo For Sale

      Two-story office condo with functional layout and convenient location.
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Prime Retail Space Available

      High-profile retail space with ample parking and easy access.
      2741 W 120Th Ave, Denver, CO 80234
      View Details
    • $18 SF/Yr
      65,519 SF

      Northglenn Executive Office Space

      Prime Northglenn location, flexible suites available.
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      View Details
    • $29 SF/Yr
      18,200 SF

      Westminster Office/Retail Space

      1,494 SF Available, Excellent Location
      1001 120Th Ave, Westminster, CO 80234
      View Details
    • Contact for pricing
      1,400 SF

      Restaurant Space Available For Lease

      Second generation restaurant space with high exposure available for lease.
      2690 W 104Th Ave, Denver, CO 80234
      View Details
    • $26 SF/Yr
      1,300 SF

      Westminster Retail Space - Zuni St

      Prime Retail Sublease, High Visibility
      12860 Zuni St, Westminster, CO 80234
      View Details
    • Contact for pricing
      47,469 SF

      Park Plaza Retail Space Available

      Westminster, CO Retail Space - High Visibility
      12001 Pecos St, Westminster, CO 80234
      View Details
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    Westminster, CO 80234
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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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