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

    7175 W 88Th Ave Westminster, CO 80021

    • Strip malls
    • 81,895 SF
    • 13.62 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Nov 06, 2023
    $24,000,000
    Value Estimations
    $22,815,000
    Cap Rate Potential
    4.9%
    Strip malls
    Location Intelligence
    Property ID
    US13-2788186
    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

    • Strip malls

    Property Details for 7175 W 88Th Ave

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    13.62 lot acres
    Property size
    81,895 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    29-234-03-011
    APU
    2923403011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $24,760,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $20,035,000
      6.5%
      $18,495,000
      7%
      $17,175,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $37,750,000
      Current use
      AUTO REPAIR, GARAGE
      $34,900,000
      Change: -8% Conversion: Difficult
      RESTAURANT
      $30,670,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Broomfield
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.079
    Latitude
    39.8581
    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
    $416,612
    $3,062,700
    $1,081,706
    $4,144,406
    -
    $10,977,419
    $3,907,081
    $14,884,500

    Comparable in this City

    • Value Estimation
      $23,825,000
      54,767 SF

      7025 88th Ave

      SHOPPING CENTER, STRIP CENTER • 54,767 SF
      7025 88th Ave, Westminster, CO 80021-6401
      View Details
    • Value Estimation
      $1,225,000
      11,506 SF

      10138 Wadsworth Pkwy

      SHOPPING CENTER, STRIP CENTER • 11,506 SF
      10138 Wadsworth Pkwy, Westminster, CO 80021-5217
      View Details
    • Value Estimation by Request
      31,552 SF

      7475 88th Ave

      SHOPPING CENTER, STRIP CENTER • 31,552 SF
      7475 88th Ave, Westminster, CO 80021-6445
      View Details
    • Value Estimation
      $10,400,000
      61,707 SF

      9975 Wadsworth Pkwy

      SHOPPING CENTER, STRIP CENTER • 61,707 SF
      9975 Wadsworth Pkwy, Westminster, CO 80021-4296
      View Details
    • Value Estimation by Request
      2,283 SF

      Church Rnch Blvd

      SHOPPING CENTER, STRIP CENTER • 2,283 SF
      Church Rnch Blvd, Westminster, CO 80021
      View Details
    • Value Estimation
      $4,775,000
      39,040 SF

      9180 Wadsworth Pkwy

      SHOPPING CENTER, STRIP CENTER • 39,040 SF
      9180 Wadsworth Pkwy, Westminster, CO 80021-4544
      View Details

    Similar Nearby for Sale

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      Restaurant Ready with Rooftop Potential

      Fully renovated restaurant with rooftop patio potential in Westminster.
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      Established Restaurant in Broomfield, Colorado

      Well-established Benihana restaurant for sale in a dynamic location.
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      75,058 SF

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      Broomfield Industrial Space For Sale

      2,946 SF Flex Space, $650K
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      Flex condo units for sale in thriving Westminster.
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    Similar Nearby for Lease

    • $14 SF/Yr
      302,840 SF

      Westminster Retail Center Investment Opportunity

      High-traffic shopping center with ample parking.
      7125 88Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      2,823 SF

      Westminster Retail Space For Rent

      Retail space available in busy Westminster shopping center.
      10138 Wadsworth Pkwy, Westminster, CO 80021
      View Details
    • Contact for pricing
      35,000 SF

      Retail Space on Wadsworth Parkway

      Anchor and stand-alone retail spaces available with strong visibility.
      9180 Wadsworth Pkwy, Westminster, CO 80021
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space on Wadsworth Parkway

      Retail spaces available in high-traffic Westminster location.
      9110 Wadsworth Pkwy, Westminster, CO 80021
      View Details
    • Contact for pricing
      1,483 SF

      Retail Space Near Super Target

      Retail space shadow-anchored by Super Target with strong tenant lineup.
      10449 Town Center Dr, Westminster, CO 80021
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space in Established Center

      Endcap retail space in well-established Arvada/Westminster shopping center.
      9102-9134 W 88Th Ave, Westminster, CO 80021
      View Details
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    7175 W 88Th Ave
    Westminster, CO 80021
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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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