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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7121 Irving St Westminster, CO 80030-5346

    • Distribution centers
    • 10,208 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0583296
    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

    • InspireScapes Denver | Artificial Grass Installation / Turf Supplier

    Property Details for 7121 Irving St

    Year built
    1997
    Lot size
    0.46 lot acres
    Property size
    10,208 SF
    Property type
    Distribution centers
    APN
    R0110499
    APU
    R0110499

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,345,000
      6.5%
      $1,245,000
      7%
      $1,155,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $741,000
      Market price range: $231k - $1.18M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,670,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.03
    Latitude
    39.8251
    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
    $34,793
    $50,620
    $292,100
    $342,720
    -
    $181,431
    $1,046,969
    $1,228,400

    Comparable in this City

    • Value Estimation
      $1,170,000
      9,800 SF

      3301 71st Ave

      DISTRIBUTION WAREHOUSE • 9,800 SF
      3301 71st Ave, Westminster, CO 80030-5308
      View Details
    • Value Estimation
      $3,090,000
      21,966 SF

      3200 71st Ave, Unit 13

      DISTRIBUTION WAREHOUSE • 21,966 SF
      3200 71st Ave, Westminster, CO 80030-5445
      View Details
    • Value Estimation by Request

      7101 Julian St

      Manufacturing properties
      7101 Julian St, Westminster, CO 80030
      View Details
    • Value Estimation by Request
      8,250 SF

      3240 71St Ave

      Manufacturing properties • 8,250 SF
      3240 71St Ave, Westminster, CO 80030
      View Details
    • Value Estimation
      $1,865,000
      10,512 SF

      3250 72nd Ave

      DISTRIBUTION WAREHOUSE • 10,512 SF
      3250 72nd Ave, Westminster, CO 80030-5443
      View Details
    • Value Estimation by Request
      3,500 SF

      3640 69Th Pl

      Distribution properties • 3,500 SF
      3640 69Th Pl, Westminster, CO 80030
      View Details

    Similar Nearby for Sale

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      13,000 SF

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      Westminster 12-Unit Apartment Buildings

      Two six-unit buildings near Westminster Light Rail Station.
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    • $875,000

      Income-Producing Duplex in Westminster

      Newer duplex near amenities, large lot, no HOA, ample parking.
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    • $900,000

      Vacant Land in Westminster, CO

      Vacant land available in Westminster, Colorado.
      4160 W 74Th Ave, Westminster, CO 80030
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    • $889,000

      Westminster Specialty Property For Sale

      Specialty property available for purchase in Westminster, Colorado.
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    • $825,000
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      Westminster Fourplex Near Light Rail

      Four-unit property near transit and planned development in Westminster.
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    Similar Nearby for Lease

    • $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
    • $9 SF/Yr
      3,500 SF

      Westminster Warehouse Space Available

      3,500 SF warehouse space for lease in Westminster, Colorado.
      3240 W 71St Ave, Westminster, CO 80030
      View Details
    • $9 SF/Yr
      7,000 SF

      Industrial Warehouse-Flex Space Available

      Industrial warehouse-flex space featuring office, bathrooms, and open area.
      7101 Julian St, Westminster, CO 80030
      View Details
    • $10 SF/Yr
      15,740 SF

      Westminster Retail Space Available

      Prime Westminster retail space, multiple units.
      3001-3055 74Th Ave, 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
    • 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
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    7121 Irving St
    Westminster, CO 80030-5346
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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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