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

    2944 Eliot Cir Westminster, CO 80030-5666

    • Residential income homes
    • 3,518 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2021
    $512,000
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    9.1%
    Residential income homes
    Location Intelligence
    Property ID
    US13-0217372
    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

    • Residential income homes

    Property Details for 2944 Eliot Cir

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    3,518 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    R0067133
    APU
    R0067133

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $565,000
      ML approach
      $565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $727,000
      Market price range: $728k - $917k
      AI Estimate
      $432,000
      Market price range: $236k - $767k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $795,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.024
    Latitude
    39.8283
    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
    $5,693
    $2,830
    $53,790
    $56,620
    -
    $41,870
    $795,130
    $837,000

    Comparable in this City

    • Value Estimation
      $625,000
      3,518 SF

      2932 Eliot Cir

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,518 SF
      2932 Eliot Cir, Westminster, CO 80030-5668
      View Details
    • Value Estimation
      $700,000
      3,518 SF

      2920 Eliot Cir

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,518 SF
      2920 Eliot Cir, Westminster, CO 80030-5670
      View Details
    • Value Estimation
      $800,000
      3,744 SF

      7305 10th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,744 SF
      7305 10th St, Westminster, CO 80030
      View Details
    • Value Estimation
      $675,000
      2,944 SF

      4330 72nd Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,944 SF
      4330 72nd Ave, Westminster, CO 80030-5216
      View Details
    • Value Estimation
      $645,000
      2,024 SF

      3807 73rd Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,024 SF
      3807 73rd Ave, Westminster, CO 80030-5206
      View Details
    • Value Estimation
      $1,820,000
      2,990 SF

      4066 76th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,990 SF
      4066 76th Ave, Westminster, CO 80030-4721
      View Details

    Similar Nearby for Sale

    • $13,500,000
      67,392 SF

      Westminster Multifamily Property Sold

      95-unit multifamily property in Westminster, Colorado.
      7135 Raleigh St, Westminster, CO 80030
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    • $2,035,000
      9,760 SF

      Westminster 12-Unit Apartment Buildings

      Two six-unit buildings near Westminster Light Rail Station.
      7030 W 70Th Pl, Westminster, CO 80030
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    • $6,150,000
      27,938 SF

      Westminster 36-Unit Multifamily Investment

      36-unit multifamily property near Westminster Light Rail Station.
      3076 W 71St Way, Westminster, CO 80030
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    • $1,650,000
      6,570 SF

      Westminster Multifamily Investment

      9-Unit Apartment Building, High NOI
      3950 Turnpike Dr, Westminster, CO 80030
      View Details
    • $354,500
      1,261 SF

      Light-Filled Condo in Spanish Oaks

      Corner unit condo with modern updates and community amenities.
      5035 W 73Rd Ave, Westminster, CO 80030
      View Details
    • $1,033,000
      4,674 SF

      Westminster Six-Unit Multifamily Property

      Well-maintained six-unit property near Westminster Light Rail Station.
      7070 Utica St, Westminster, CO 80030
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      6,004 SF

      Westminster Medical Office Space

      Prime Medical Office, 1,800-6,004 SF
      5165 72Nd Ave, Westminster, CO 80030
      View Details
    • $2.00 SF/Yr
      16,053 SF

      Westminster Commercial Land for Rent

      Secured commercial land near transportation hubs available for rent.
      3300-3300 W 71St Ave, Westminster, CO 80030
      View Details
    • $9 SF/Yr
      7,000 SF

      Industrial Warehouse-Flex Space Available

      Industrial warehouse-flex space featuring office, bathrooms, and open area.
      7101 Julian St, Westminster, CO 80030
      View Details
    • $9 SF/Yr
      3,500 SF

      Westminster Warehouse Space Available

      3,500 SF warehouse space for lease in Westminster, Colorado.
      3240 W 71St Ave, Westminster, CO 80030
      View Details
    • $14 SF/Yr
      2,525 SF

      Retail Space in Westminster, CO

      Retail space available for lease in Westminster, Colorado.
      3939 W 72Nd Ave, Westminster, CO 80030
      View Details
    • Contact for pricing

      Land for Rent Westminster

      Land available for rent in Westminster, Colorado.
      7091 Hooker St, Westminster, CO 80030
      View Details
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    2944 Eliot Cir
    Westminster, CO 80030-5666
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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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