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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Retail space
2751 120th Ave Westminster, CO 80234-2986
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0401310
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
6,306 SF
Lot
0.92 ac (40,075 SF)
APN
R0169173
UPID
US13-0401310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Polizzi Susan M MD Physician
-
NKDance Studio Training Center
-
Joshua Vickers, DC Alternative Medicine Practice
-
Cailey Halloran Acupuncture Medical Clinic Alternative Medicine Practice
-
SHELLEY RENEE HOOVER-SHEARD Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Welby Center LLC · 2 yrs held
Welby Center LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+3.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westminster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,750,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
$1,280,000
6.5%
$1,180,000
7%
$1,100,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,290,000
Current use
RESTAURANT
$2,360,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.60M (Nov 28 2023)
Last sale anchor
$1.60M
Nov 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$253 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$63,107
Tax year 2023
Assessed value
$420,740
Assessed 2023
Previous assessed
$525,870
-20.0% YoY
Effective rate
15.00%
On assessed value
Assessed land
$117,440
Assessed improvement
$303,300
Land market value
$420,914
Improvement market value
$1,087,087
Total market value
$1,508,001
Applied tax rate
153.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Total area
6,306 SF
Lot
0.92 ac (40,075 SF)
APN
R0169173
UPID
US13-0401310
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.3M
RESTAURANT
Est. value
$2.4M
RETAIL STORES Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
YES
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Welby Center LLC
Entity
Mailing address
1480 E 73RD AVE, DENVER, CO 80229-6902
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
$1,600,000
Welby Center LLC
R & R Properties LLC
Special Warranty Deed
$1,200,000 · Bank Of Colorado
Aug 7, 2020
$1,641,000
R & R Properties LLC
Fig Joint Ventures LLC
Warranty Deed
—
Aug 6, 2014
$1,275,000
Fig Jv LLC
Ccv 4 Properties LLC
Grant Deed
—
Dec 5, 2011
—
Ccv4properties LLC
—
Deed Of Trust
related
$1,140,013 · Great Western Bank
Dec 5, 2011
$3,390,000
Ccv4properties LLC
Country Club Village Ents LLC
Grant Deed
related
$1,350,000 · Great Western Bank
Aug 27, 2010
—
Country Club Village Ents LLC
—
Deed Of Trust
related
$1,350,000 · Tierone Bank
Aug 9, 2010
—
Country Club Village Ents LLC
—
Trustees Deed
related
$1,350,000 · Tierone Bank
Mar 20, 2009
—
Country Club Village Ents LLC
—
Trustees Deed
related
$936,400 · Tierone Bank
—
—
Country Club Village Ents LLC
—
Deed Of Trust
related
$31,202 · Great Western Bank
—
—
Ccv4properties LLC
—
Loan Modification
related
—
—
—
Country Club Village Ents LLC
—
Deed Of Trust
related
$10,703 · Great Western Bank
—
—
Country Club Village Ents LLC
—
Deed Of Trust
related
$1,140,013 · Tierone Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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