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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Residential income homes
2920 Eliot Cir Westminster, CO 80030-5670
Individually Owned
6-yr Hold
Property ID
US13-0372622
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1962
Construction
FRAME
Total area
3,518 SF
Lot
0.14 ac (6,098 SF)
APN
R0067171
UPID
US13-0372622
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
-
J&E Cleaning LLC Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$700k
Owner & transaction history
David Miller · 6 yrs held
David Miller
since 2020
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$980,000
+23.0%
Commercial (general)
$970,000
+22.2%
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
$730,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$795,000
Current use
OFFICE BUILDING
$980,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$970,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $625k (Feb 18 2020)
Last sale anchor
$625k
Feb 18 2020
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
$199 / 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
$5,564
Tax year 2023
Assessed value
$55,340
Assessed 2023
Previous assessed
$55,340
+0.0% YoY
Effective rate
10.05%
On assessed value
Assessed land
$2,030
Assessed improvement
$53,310
Land market value
$29,970
Improvement market value
$788,030
Total market value
$818,000
Applied tax rate
555.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Rooms
16
Bathrooms
4
Total area
3,518 SF
Lot
0.14 ac (6,098 SF)
APN
R0067171
UPID
US13-0372622
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
David Miller
Individual
Mailing address
6347 E ROYAL PALM RD, PARADISE VALLEY, AZ 85253-2642
Ownership since
2020
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
Feb 18, 2020
$625,000
David Miller
Balancing Rock LLC
Special Warranty Deed
$468,750 · Fairway Independent Mortgage Corp
Apr 27, 2018
$590,000
Baancing Rock LLC
A And M Properties INC A Colorado C
Warranty Deed
$472,000 · Firstbank
May 29, 2015
$375,000
A & M Properties INC
Kiessling Richard D & Dolores A
Warranty Deed
$300,000 · Firstbank Florida
Jan 17, 2003
$327,200
Richard D Kiessling
A & B Free LLC
Grant Deed
$294,480 · Aegis Wholesale Corp
Nov 18, 2002
—
Westminster City (co)
Bjordal,bailey
Grant Deed
related
—
Feb 1, 2002
$292,000
Robert Bailey
Thao,keng & Xee
Quit Claim Deed
related
$262,800 · Lehman Brothers Bank Fsb
Dec 3, 1999
$200,000
Neng Thao
Her,xai & Pang T
Grant Deed
$184,050 · Ctx Mortgage Co
—
—
Richard D Kiessling
—
Deed Of Trust
related
$242,900 · American Brokers Conduit
—
—
Richard D Kiessling
—
Deed Of Trust
related
$33,600 · Greenpoint Mortgage Funding
—
—
A & M Properties INC
—
Deed Of Trust
related
$140,000 · Firstbank
—
—
Richard D Kiessling
—
Deed Of Trust
related
$268,800 · Greenpoint Mortgage Funding
—
—
Richard D Kiessling
—
Deed Of Trust
related
$69,400 · American Brokers Conduit
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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