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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Individual retail properties
397 148th Ave Westminster, CO 80023-8808
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US13-1273185
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2008
Total area
112,594 SF
Lot
12.35 ac (537,835 SF)
APN
R0178447
UPID
US13-1273185
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
Current use
Occupant on record · Public records
-
Coach Kilday Gym & Fitness Center
-
Ethan Archibald’s Advanced Training and Programming Gym & Fitness Center
-
Life Time Gym & Fitness Center
-
LifeSpa Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Healthy Way Of Life Xxiv LLC
Healthy Way Of Life Xxiv LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±10%
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
$8 / 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
$404,510
Tax year 2023
Assessed value
$4,045,500
Assessed 2023
Previous assessed
$5,686,740
-28.9% YoY
Effective rate
10.00%
On assessed value
Assessed land
$1,425,530
Assessed improvement
$2,619,970
Land market value
$5,109,436
Improvement market value
$9,390,564
Total market value
$14,500,000
Applied tax rate
725.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2008
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
112,594 SF
Lot
12.35 ac (537,835 SF)
APN
R0178447
UPID
US13-1273185
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
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
2
Lot
12.35 ac
Current owner
From public records · entity-resolved
Healthy Way Of Life Xxiv LLC
Entity
Mailing address
2902 CORPORATE PL, CHANHASSEN, MN 55317-4560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Healthy Way Of Life Xxiv LLC
Realty Income Us Core Plus 2 LP
Deed
—
Sep 29, 2025
$34,000,000
Realty Income U S Core Plus 2 LP
Ltf Real Estate Mp I LLC
Special Warranty Deed
—
Feb 14, 2013
—
Ltf Real Estate Mp I LLC
Ltf Real Estate Co INC
Quit Claim Deed
related
$75,000,000 · Ing Life Ins & Annunity Co
Jan 28, 2008
$4,100,000
Ltf Real Estate Co INC
Fc Westminster Residential INC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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