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    3485 W 72Nd Ave Westminster, CO 80030
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    3485 W 72Nd Ave, Westminster, CO 80030

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    • Auto shops
    • 300 SF
    • 1.38 lot acres
    For Sale
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    Westminster Commercial Land For Sale For Sale
    Contact for pricing
    1.38 Acres

    Westminster Commercial Land For Sale

    Commercial land for sale in Westminster, Colorado, near Boulder.

    3485 W 72 Ave, Westminster, CO
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    Property ID
    US13-1019665
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 3485 W 72Nd Ave

    Year built
    1973
    Lot size
    1.38 lot acres
    Property type
    Auto shops
    APN
    R0066441
    APU
    R0066441

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2020 — Stinker Stores Co INC — Deed · related —
    Jul 19, 2019 — Joshnik Co Lllp — Loan Modification · related $103M · Zions First Nat'l Bk
    Feb 8, 2017 $684,700 Joshnik Co Lllp 3485 West 72nd Avenue LLC Grant Deed · related $114M · Zions First Nat'l Bk
    Feb 8, 2017 $68,700 Joshnik Co LLP 3485 W 72nd Ave LLC Special Warranty Deed $9.5M · Zb NA
    Feb 14, 2013 — 3485 West 72nd Avenue LLC Calkins,bradley H Grant Deed · related —
    — — Stinker Stores Co INC — Loan Modification · related —

    Description

    This exceptional 1.38-acre commercial land parcel presents a compelling redevelopment opportunity in Westminster, Colorado. Located at 3485 W 72nd Ave, 80030, this property boasts a highly desirable B-1 zoning designation, permitting a wide range of retail uses. Its strategic location offers convenient access to the Boulder Turnpike, ensuring high visibility and accessibility for potential businesses. The site is equipped with readily available on-site utilities, simplifying development plans and reducing upfront costs. Further enhancing its appeal, this property is situated within a designated Opportunity Zone, providing significant tax advantages for investors. The presence of on-site utilities and the allowance for a monument sign further contribute to the property's marketability and potential for high returns. This prime location, combined with its zoning and advantageous tax benefits, makes this a truly exceptional investment prospect for developers and entrepreneurs seeking a high-impact commercial venture in a thriving Colorado market. Adams County location provides access to a robust infrastructure and a growing consumer base. Don't miss this chance to acquire a piece of prime commercial real estate in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.031
    Latitude
    39.8278
    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
    $15,424
    $134,260
    $17,670
    $151,930
    -
    $481,208
    $63,326
    $544,534

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      3791 72nd Ave

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      2955 72nd Ave

      AUTO REPAIR, GARAGE
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      Westminster Multifamily Redevelopment Opportunity

      Prime redevelopment site in Westminster, Colorado, ideal for multifamily development.
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      Freestanding Retail Building For Sale

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      Westminster Retail/Flex Building For Sale

      Freestanding retail/flex building with parking in Westminster Enterprise Zone.
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      Westminster Multifamily Investment Opportunity

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    Similar Nearby for Lease

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      2,525 SF

      Retail Space in Westminster, CO

      Retail space available for lease in Westminster, Colorado.
      3939 W 72Nd Ave, Westminster, CO 80030
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      550 SF

      Retail Space with Excellent Visibility

      Retail space for rent with high visibility and ample parking.
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      Storage/Office Space Available

      Storage and office space for rent.
      3001-3055 West 74Th Ave, Westminster, CO 80030
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    • $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
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      2,200 SF

      Retail Spaces Available

      Retail spaces for lease with high visibility and traffic.
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      Land for Rent Westminster

      Land available for rent in Westminster, Colorado.
      7091 Hooker St, Westminster, CO 80030
      View Details
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    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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