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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Residential income homes
2970 Eliot Cir Westminster, CO 80030-5617
Individually Owned
6-yr Hold
Property ID
US13-0927329
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
0.27 ac (11,761 SF)
APN
R0067138
UPID
US13-0927329
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
$780k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$740k
Owner & transaction history
Mario Mendez · 6 yrs held
Mario Mendez
since 2020
Last sale
$674,900
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
$785,000
ML approach
$780,000
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
$740k
Range $666k – $814k · ±10% · vs last sale $675k (Jun 19 2020)
Last sale anchor
$675k
Jun 19 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
$210 / 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
$5,829
Tax year 2023
Assessed value
$57,970
Assessed 2023
Previous assessed
$57,970
+0.0% YoY
Effective rate
10.06%
On assessed value
Assessed land
$3,930
Assessed improvement
$54,040
Land market value
$58,150
Improvement market value
$798,850
Total market value
$857,000
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
0.27 ac (11,761 SF)
APN
R0067138
UPID
US13-0927329
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
0.27 ac
Current owner
From public records · entity-resolved
Mario Mendez
Individual
Mailing address
2970 ELIOT CIR, WESTMINSTER, CO 80030-5617
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2020
$674,900
Mario Mendez
Amos Smith
Warranty Deed
$250,000 · Us Bank NA
Jun 18, 2020
—
Matthew Schmiemann
Matthew N Schmiemann
Quit Claim Deed
related
$380,000 · Diamond Resid'l Mtg
Nov 13, 2017
$585,000
Amos Smith
Sg Investments LLC
Warranty Deed
$438,750 · Bank Of America
Jun 24, 2016
$422,000
Sg Investments LLC
Patricia M Wenzel Trust
Warranty Deed
$316,500 · Northstar Bank Of Colorado
Dec 12, 2014
—
Wenzel,patricia M Trust
Wenzel,patricia M
Quit Claim Deed
related
—
Dec 8, 2014
—
Patricia M Wenzel Trust
Patricia M Wenzel
Intrafamily Transfer
related
—
Oct 17, 2013
$300,000
Patricia M Wenzel
Tran,michael & Lucie
Grant Deed
$210,000 · Guild Mortgage Co
Dec 30, 2009
—
Michael Tran
Tran,michael & Viet
Quit Claim Deed
related
—
Sep 23, 2009
—
Michael Tran
Tran,michael & Lucie
Quit Claim Deed
related
—
Jun 1, 2009
$170,000
Michael Tran
Hud-housing Of Urban Dev
Grant Deed
—
Nov 7, 2008
—
Hud-housing Of Urban Dev
Public Trustee Of Adams County
Trustees Deed
related
—
Nov 21, 2005
$337,840
Piotr Malinowski
Borst,lance D & Tina I
Warranty Deed
$333,134 · Community Mortgage Group INC
Jun 26, 2002
$315,000
Lance D Borst
Cha,ying & Maily
Grant Deed
$283,500 · Aegis Mortgage Corp
—
—
Michael Tran
—
Deed Of Trust
related
$119,000 · Bank Of America
—
—
Lance D Borst
—
Deed Of Trust
related
$292,500 · Lehman Brothers Bank Fsb
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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