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    3031 W 74Th Ave Westminster, CO 80030
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    Property profile & analytics

    3031 W 74Th Ave, Westminster, CO 80030

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    • Community centers
    • 14,040 SF
    • 8.03 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail Space with Excellent Visibility For Lease
    $18 SF/Yr
    550 SF

    Retail Space with Excellent Visibility

    Retail space for rent with high visibility and ample parking.

    3031 W 74th Ave, Westminster, CO
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    Property ID
    US13-0999373
    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.
    Value Estimations
    $13,625,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LKQ Refinish - Westminster, CO / Auto Parts Store / (Bike/Boat/Book/etc) Store
    • Westminster Square / Shopping Center & Mall

    Property Details for 3031 W 74Th Ave

    Year built
    1980
    Lot size
    8.03 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    R0066455
    APU
    R0066455

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2021 — Westminster Square Rllp Westminster Square LLC Quit Claim Deed · related —
    Sep 29, 2021 $14,250,000 Broadway Square Rllp Dynamis LLC Special Warranty Deed —
    Dec 19, 2016 $8,150,000 Dynamis LLC West 74th Partners LLC Grant Deed $5.9M · Firstbank
    Dec 14, 2016 — West 74th Partners LLC West 74th Partners LLC Quit Claim Deed · related —
    Dec 1, 2016 — West 74th Partners LLC West 74th Partners LLC Quit Claim Deed · related —
    Nov 22, 2006 — West 74th Partners LLC Saidi,firuzeh G Grant Deed $6.6M · Citibank NA
    Nov 22, 2006 $8,850,000 Delgaras LP LLC Colorado & Santa Fe Ptrs II Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,665,000
      ML approach
      $10,340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.027
    Latitude
    39.8316
    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
    $257,052
    $726,250
    $1,805,780
    $2,532,030
    -
    $2,603,040
    $6,472,340
    $9,075,380

    Comparable in this City

    • Value Estimation by Request
      125,424 SF

      74Th Ave

      Shopping malls
      0 74Th Ave, Westminster, CO 80030
      View Details
    • Value Estimation by Request
      13,110 SF

      3695 72nd Ave

      SHOPPING CENTER, STRIP CENTER
      3695 72nd Ave, Westminster, CO 80030-5201
      View Details
    • Value Estimation
      $695,000
      29,968 SF

      7243 Federal Blvd

      SHOPPING CENTER, STRIP CENTER
      7243 Federal Blvd, Westminster, CO 80030-4935
      View Details
    • Value Estimation by Request
      5,600 SF

      7387 Federal Blvd

      SHOPPING CENTER, STRIP CENTER
      7387 Federal Blvd, Westminster, CO 80030-4952
      View Details
    • Value Estimation by Request
      3,465 SF

      3010 72nd Ave

      RESTAURANT
      3010 72nd Ave, Westminster, CO 80030-5434
      View Details
    • Value Estimation by Request
      1,650 SF

      7111 Lowell Blvd

      AUTO REPAIR, GARAGE
      7111 Lowell Blvd, Westminster, CO 80030-5324
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,680 SF

      Westminster Commercial Property on Corner

      High-visibility commercial property in Westminster with excellent exposure and accessibility.
      5185 W 80Th Ave, Westminster, CO 80030
      View Details
    • Contact for pricing
      5,275 SF

      Freestanding Retail Building For Sale

      5,275 SF freestanding retail building on 44,751 SF lot.
      3434 W 72Nd Ave, Westminster, CO 80030
      View Details
    • Contact for pricing
      14,222 SF

      Westminster Retail/Flex Building For Sale

      Freestanding retail/flex building with parking in Westminster Enterprise Zone.
      7225 Lowell Blvd, Westminster, CO 80030
      View Details
    • Contact for pricing
      9,241 SF

      Westminster Multifamily Redevelopment Opportunity

      Prime redevelopment site in Westminster, Colorado, ideal for multifamily development.
      3200 West 72Nd Ave, Westminster, CO 80030
      View Details
    • $5,470,000
      27,938 SF

      Westminster Multifamily Investment Opportunity

      2Bd/1Ba units on a large lot near planned developments.
      3076 W 71St Way, Westminster, CO 80030
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Retail Spaces Available

      Retail spaces for lease with high visibility and traffic.
      7243 N Federal Blvd, Westminster, CO 80030
      View Details
    • Contact for pricing
      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
      550 SF

      Retail Space with Excellent Visibility

      Retail space for rent with high visibility and ample parking.
      3031 W 74Th Ave, Westminster, CO 80030
      View Details
    • Contact for pricing

      Storage/Office Space Available

      Storage and office space for rent.
      3001-3055 West 74Th Ave, Westminster, CO 80030
      View Details
    • $20 SF/Yr

      Retail Storefront Space Opportunity

      Flexible retail storefront space offered for sale or lease, suited for investors, owner-users, or tenant occupancy needs.
      3434 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
    View Listing
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    3031 W 74Th Ave
    Westminster, CO 80030
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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.

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