Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$95,275,000
Residential income homes
400 123rd Ave Westminster, CO 80234-1821
Entity Owned
2-yr Hold
Property ID
US13-2613141
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1986
Construction
FRAME
Total area
4,260 SF
Lot
20.47 ac (891,760 SF)
APN
R0025153
UPID
US13-2613141
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$95.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$95.28M
Owner & transaction history
Canyon Chase Owner LLC · 2 yrs held
Canyon Chase Owner LLC
since 2024
Last sale
$95.3M
6 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
$95,275,000
ML approach
$95,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$95.28M
Range $85.75M – $104.80M · ±10% · vs last sale $95.27M (May 31 2024)
Last sale anchor
$95.27M
May 31 2024
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
$22,365 / 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
$562,770
Tax year 2023
Assessed value
$5,682,870
Assessed 2023
Previous assessed
$5,682,870
+0.0% YoY
Effective rate
9.90%
On assessed value
Assessed land
$482,610
Assessed improvement
$5,200,260
Land market value
$7,133,943
Improvement market value
$76,870,061
Total market value
$84,004,004
Applied tax rate
150.0000
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
1986
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Buildings
26
Stories
2
Units
4
Rooms
20
Bathrooms
498
Total area
4,260 SF
Lot
20.47 ac (891,760 SF)
APN
R0025153
UPID
US13-2613141
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
1986
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
26
Units
4
Rooms
20
Bathrooms
498
Lot
20.47 ac
Current owner
From public records · entity-resolved
Canyon Chase Owner LLC
Entity
Mailing address
250 VESEY ST FL #15, NEW YORK, NY 10281-1065
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$95,273,800
Canyon Chase Owner LLC
Mar Canyon Chase LP
Special Warranty Deed
$112,500,000 · Citi Real Estate Funding INC
Aug 1, 2013
$40,500,000
Mar Canyon Chase LP
Tmg Westminster Arbors II LP
Grant Deed
$22,275,000 · Prudential Insurance Co Americ
Jul 25, 2008
$32,020,000
Tmg Westminster Arbors II
Ori Wexford INC
Grant Deed
$24,950,000 · Sovereign Bank
Dec 20, 2004
—
Ori Wexford INC
—
Deed Of Trust
related
$14,010,000 · Westminster City
—
—
Mar Canyon Chase LP
—
Deed Of Trust
related
$52,035,000 · Berkeley Point Cap
—
—
Mar Canyon Chase LP
—
Deed Of Trust
related
$66,451,000 · Newmark Knight Frank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 400 123rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
