Technical
Financial
Distress signals
Property profile

7211 Sheridan Blvd Westminster, CO 80003

OFF-MARKET
Retail space
Property ID
US13-1210993
6,540 SF 0.68 ac lot Built 2008
Entity Owned 4-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Atm
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Restaurant

Location

7211 Sheridan Blvd Westminster, CO 80003-3314
Westminster metro Census 10209 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.18M
Blend (final) Blend
$2.54M

Owner & transaction history

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

Top alternative use upside
Neighborhood: shopping center $3.0M +27.1%
Auto repair, garage $2.8M +17.5%
Restaurant $2.5M +3.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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