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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Residential income homes
2938 Eliot Cir Westminster, CO 80030-5667
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2407423
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
R0067168
UPID
US13-2407423
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$770k
Owner & transaction history
Abtahi Hedayat · 4 yrs held
Abtahi Hedayat
since 2022
Last sale
$815,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+60.5%
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
$735,000
ML approach
$740,000
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
RETAIL STORES
$1,275,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$970,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $815k (Mar 30 2022)
Last sale anchor
$815k
Mar 30 2022
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
$219 / 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
$29,965
Improvement market value
$788,035
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
R0067168
UPID
US13-2407423
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
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
Abtahi Hedayat
Individual
Mailing address
751 STONEMONT CT, CASTLE PINES, CO 80108-8238
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
$815,000
Abtahi Hedayat
Eliot Circle Property LLC
Special Warranty Deed
—
Dec 23, 2021
$815,000
Abtahi Hedayat
Eliot Circle Property LLC
Special Warranty Deed
$515,000 · Jpmorgan Chase Bank NA
Oct 4, 2016
—
Baerbara M Conder
Eliot Circle Property LLC
Quit Claim Deed
related
$158,300 · Universal American Mortgage Co
Nov 14, 2011
—
Eliot Circle Property LLC
Conder,barbara M
Quit Claim Deed
related
—
Nov 3, 2011
$239,000
Barbara Mcphetridge Conder
Millennium Investment Trust LLC
Warranty Deed
$161,250 · Cherry Creek Mortgage Co INC
Jun 9, 2011
—
Millennium Inv Trust LLC
Millennium Inv Trust LLC
Affidavit Of Death
related
—
Dec 10, 2010
$176,000
Millennium Investment Trust LLC
Aurora Ln Svcs LLC
Grant Deed
—
Oct 1, 2010
—
Aurora Ln Svcs LLC
Public Trustee Of Adams County
Trustees Deed
related
—
Sep 7, 2010
$307,000
Neil Elkins
Public Trustee Of Adams County
Certificate Of Purchase
$264,000
Nov 7, 2006
$276,475
Neil Elkins
Sherry Lynn Moorehead
Warranty Deed
$221,180 · Merchants Mortgage & Trust Corp
—
—
Neil Elkins
—
Deed Of Trust
related
$264,000 · Paul Financial LLC
—
—
Robert B Moorehead
—
Deed Of Trust
related
$143,000 · America's Wholesale Lender
—
—
Robert B Moorehead
—
Deed Of Trust
related
$70,000 · America's Wholesale Lender
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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