6921 Lowell Blvd Westminster, CO 80221-2654
- Office buildings
- 800 SF
- 4.32 lot acres
Current Use by Public Records
- Office buildings
Property Details for 6921 Lowell Blvd
- Year built
- 1930
- Lot size
- 4.32 lot acres
- Property size
- 800 SF
- Property type
- Office buildings
- APN
- R0100841
- APU
- R0100841
Description
This exceptional redevelopment opportunity encompasses a 4.32-acre lot in Westminster, Colorado, ideally situated adjacent to Westminster's commuter rail station at 6921 Lowell Blvd, 80221. The property boasts a total of 18,628 square feet of building space, currently configured as a multi-tenant complex with a diverse mix of uses. Seven existing buildings are included in the sale, comprising warehouse space previously used for stone manufacturing, a dedicated office/reception area, and two retail spaces currently leased to a liquor store and a tavern, both with prominent Lowell Boulevard frontage. Additionally, the property features five residential units and four garage units, all currently leased. The asking price is $4,250,000, representing a compelling price per square foot of $228.15 and a projected cap rate of 10.00%. The property is zoned C-1, offering significant flexibility for future development. Note that the existing business operations are sold separately. This presents a unique chance to acquire a substantial property with diverse income streams and significant redevelopment potential in a prime location. The property's proximity to the commuter rail station ensures excellent accessibility and strong potential for future growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,020,000
- 6.5%
- $3,840,000
- 7%
- $3,415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,775,000
- Geo Method
- $3,150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,180,000
- Retail
- $3,640,000
- Mixed-Use
- $3,345,000
- Hospitality
- $3,855,000
- Educational
- $3,095,000
- Residential Income
- $3,045,000
- Energy
- $3,840,000
- Income-Based Land
- $3,400,000
- Food Service
- $3,095,000
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Adams
- State
- Colorado
- Longitude
- -105.036
- Latitude
- 39.8224
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA