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    Property profile & analytics

    3065 Craft Way Westminster, CO 80030

    • Commercial real estate
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1358468
    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

    • Commercial real estate

    Property Details for 3065 Craft Way

    Lot size
    0.49 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.49-acre land parcel, located at 3065 Craft Way in Westminster, Colorado (zip code 80030), presents a unique mixed-use development opportunity. Situated within the Westminster Station Development Zone and zoned PUD (Planned Unit Development), this property allows for a wide range of development options, including up to five stories of construction. The site boasts convenient access to utilities, including electricity, gas, and water. Currently generating a monthly income of $5,200 from an existing small residence and yard space, with an additional $1,000 potential rental income from underutilized yard space, this property offers immediate return on investment. Enjoy stunning views of Downtown Denver and the benefit of being a quarter-mile walk from the new Westminster light rail station, providing excellent accessibility and transit-oriented development potential. This is a rare chance to acquire a highly desirable development site in a rapidly growing area. The asking price is $1,100,000. This property is ideal for investors seeking a high-growth opportunity with immediate income potential and significant long-term value. The generous zoning regulations provide flexibility for a variety of commercial and residential uses, making this a truly versatile and attractive investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.02789402
    Latitude
    39.82641379

    Comparable in this City

    • $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
      View Details
    • $1,400,000

      Westminster Multifamily Investment Opportunity

      Two side-by-side fourplexes in Westminster, offering income and upside.
      2932 Eliot Cir, Westminster, CO 80030
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    • $755,000
      4,674 SF

      Westminster Multifamily Property for Sale

      Multifamily property in Westminster, Colorado, available for purchase.
      7121 Utica St, Westminster, CO 80030
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    • $925,000
      4,080 SF

      Westminster Four-Unit Multifamily Property

      Four-unit multifamily property located in Westminster, Colorado.
      7350 Tennyson St, Westminster, CO 80030
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    • $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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    • $875,000

      Income-Producing Duplex in Westminster

      Newer duplex near amenities, large lot, no HOA, ample parking.
      4910 W 73Rd Ave, Westminster, CO 80030
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $1,400,000

      Westminster Multifamily Investment Opportunity

      Two side-by-side fourplexes in Westminster, offering income and upside.
      2932 Eliot Cir, Westminster, CO 80030
      View Details
    • $755,000
      4,674 SF

      Westminster Multifamily Property for Sale

      Multifamily property in Westminster, Colorado, available for purchase.
      7121 Utica St, Westminster, CO 80030
      View Details
    • $925,000
      4,080 SF

      Westminster Four-Unit Multifamily Property

      Four-unit multifamily property located in Westminster, Colorado.
      7350 Tennyson St, Westminster, CO 80030
      View Details
    • $13,500,000
      67,392 SF

      Westminster Multifamily Property Sold

      95-unit multifamily property in Westminster, Colorado.
      7135 Raleigh St, Westminster, CO 80030
      View Details
    • $875,000

      Income-Producing Duplex in Westminster

      Newer duplex near amenities, large lot, no HOA, ample parking.
      4910 W 73Rd Ave, Westminster, CO 80030
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent Westminster

      Land available for rent in Westminster, Colorado.
      7091 Hooker St, 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
    • $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
      2,200 SF

      Retail Spaces Available

      Retail spaces for lease with high visibility and traffic.
      7243 N Federal Blvd, Westminster, CO 80030
      View Details
    • $12 SF/Yr
      125,424 SF

      Westminster Retail Center Opportunity

      High-traffic shopping center, space available.
      0 74Th Ave, Westminster, CO 80030
      View Details
    • $11 SF/Yr
      6,125 SF

      Versatile Flex Space For Lease

      Secured flex space with ample parking and convenient transportation access.
      3696 W 72Nd Ave, Westminster, CO 80030
      View Details
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    3065 Craft Way
    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.

    More about this property
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