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

    2400 Midway Blvd Broomfield, CO 80020-1631

    • Commercial real estate
    • 14,461 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimations
    $2,950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0729155
    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

    • Commercial real estate

    Property Details for 2400 Midway Blvd

    Year built
    2002
    Construction
    CONCRETE BLOCKS
    Lot size
    1.62 lot acres
    Property size
    14,461 SF
    Zone code
    PUD
    Property type
    Commercial real estate
    APN
    157332122004
    APU
    157332122004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,180,000
      6.5%
      $2,935,000
      7%
      $2,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,850,000
      Market price range: $1.98M - $4.20M
      AI Estimate
      $2,055,000
      Market price range: $718k - $2.80M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,280,000
      Current use
      OFFICE BUILDING
      $4,020,000
      Change: +23% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,605,000
      Change: +10% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,015,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Broomfield
    County
    Broomfield
    State
    Colorado
    Longitude
    -105.016
    Latitude
    39.928
    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
    $95,568
    $235,380
    $664,040
    $899,420
    -
    $843,670
    $2,380,060
    $3,223,730

    Comparable in this City

    • Value Estimation by Request
      4.72 Acres

      8704 Parkland St

      Land • 4.72 Acres
      8704 Parkland St, Broomfield, CO 80020
      View Details
    • Value Estimation by Request
      1,408 SF

      899 Us Hwy 287th Ste, Unit 300

      COMMERCIAL CONDOMINUIM • 1,408 SF
      899 Us Hwy 287th Ste, Broomfield, CO 80020-7319
      View Details
    • Value Estimation
      $720,000
      6,628 SF

      1300 Midway Blvd

      COMMERCIAL (GENERAL) • 6,628 SF
      1300 Midway Blvd, Broomfield, CO 80020-2037
      View Details
    • Value Estimation
      $1,075,000
      10,000 SF

      1004 Depot Hl Rd

      COMMERCIAL (GENERAL) • 10,000 SF
      1004 Depot Hl Rd, Broomfield, CO 80020-6720
      View Details
    • Value Estimation by Request
      1.27 Acres

      290 Nickel St

      COMMON AREA (COMMERCIAL) • 1.27 Acres
      290 Nickel St, Broomfield, CO 80020-2183
      View Details
    • Value Estimation by Request
      0.54 Acres

      11705 Teller St

      COMMON AREA (COMMERCIAL) • 0.54 Acres
      11705 Teller St, Broomfield, CO 80020-0403
      View Details

    Similar Nearby for Sale

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      Broomfield Commercial Land Opportunity

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    • $2,200,000
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      Prime Broomfield Commercial Land

      4.664 Acres, Hwy 36 Access, $2.2M
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      Broomfield Commercial Land - 4.72 Acres

      Prime Broomfield commercial land, mixed-use zoning.
      8704 Parkland St, Broomfield, CO 80020
      View Details
    • $401,650

      Broomfield Commercial Land Parcel

      Two half-acre lots, prime location.
      1018 Depot Hill Rd, Broomfield, CO 80020
      View Details
    • $2,600,000
      2.00 Acres

      Broomfield Commercial Land - $2.6M

      2-Acre Mixed-Use Development Site
      8704 Parkland St, Broomfield, CO 80020
      View Details
    • $371,710
      1,162 SF

      Broomfield Flex Space Condo

      1,162 sq ft, Vacant, $371,710
      1001 Depot Hill Rd, Broomfield, CO 80020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Broomfield Industrial Warehouse Space

      10,000 SF warehouse, distribution, or light industrial space for lease.
      11610 Quay St, Westminster, CO 80020
      View Details
    • Contact for pricing
      2,340 SF

      Retail Space in Westminster, Colorado

      Retail space available for lease in Westminster, Colorado.
      5140 W 120Th Ave, Westminster, CO 80020
      View Details
    • $11 SF/Yr
      7,143 SF

      Westminster Retail Space For Lease

      Retail space available in busy Westminster shopping center.
      8657-8781 Sheridan Blvd, Westminster, CO 80020
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Westminster, CO

      Retail space available for lease in Westminster, Colorado.
      4750 W 120Th Ave, Westminster, CO 80020
      View Details
    • Contact for pricing
      27,287 SF

      Westminster Office Space For Rent

      Office space available in Westminster with trail access and mountain views.
      11031 Sheridan Blvd, Westminster, CO 80020
      View Details
    • $15 SF/Yr
      5,417 SF

      Broomfield Flex Space for Lease

      Modern Flex Units, Abundant Parking, Hwy Access
      510 Compton St, Broomfield, CO 80020
      View Details

    Property Visit Statistics

    • Visits by month
      2.8k
    • Visitors by month
      2.1k
    • Avg Time on site
      16 min
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    2400 Midway Blvd
    Broomfield, CO 80020-1631
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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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