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Property profile & analytics
OFF-MARKET Estimated value $2,595,000
Retail space

7211 Sheridan Blvd Westminster, CO 80003-3314

6,540 SF 0.68 ac lot Built 2008
Entity Owned 4-yr Hold Free & Clear
Property ID
US13-1210993
Property summary
AI-generated overview

This exceptional Class A retail investment property, located at 7211 Sheridan Boulevard in Westminster, Colorado, presents a compelling opportunity. The 6,362 square foot property, built in 2008, sits on a 29,757 square foot lot and features a single, one-story building housing four tenants. Currently boasting 100% occupancy with a Little Caesars among its tenants, the property generates a strong net operating income (NOI) of $224,836, resulting in a 6.81% capitalization rate. The property is a fee simple ownership with a multi-tenant NNN lease structure, offering investors limited management responsibilities and annual rent bumps. Strategically positioned on a hard corner with a signalized intersection, this location benefits from high visibility and significant traffic flow, further enhanced by its proximity to a Walmart Supercenter. The synergistic location is surrounded by national tenants and is within walking distance of a planned food hall, promising continued growth and strong tenant demand. The asking price is $3,300,000, translating to a price per square foot of $518.70. The current occupancy date is September 1st, 2024. This is a stabilized investment offering a secure and profitable return.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Total area 6,540 SF
Lot 0.68 ac (29,757 SF)
APN 29-364-23-051
UPID US13-1210993
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
  • Machi Ramen&Poke Restaurant
  • ATM Machine at Nepal Liquors Atm
  • Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Nepal Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Little Caesars Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.18M
Blend (final) Blend
$2.60M
Owner & transaction history
7211 Sheridan INC · 4 yrs held
7211 Sheridan INC
since 2022
Last sale
$2.6M
7 recorded transactions
2022
Price N/A
2022
$2.6M
2019
Price N/A
2016
Price N/A
2015
$2.2M
2008
$437,428
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $3.0M +27.1%
Auto repair, garage $2.8M +17.5%
Restaurant $2.5M +3.2%
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