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Property profile & analytics
FOR LEASE
Office buildings
8020 Federal Blvd Westminster, CO 80031
Individually Owned
4-yr Hold
Free & Clear
Property ID
US13-0832574
For Lease
1 / 7
$17 SF/Yr
8020 Federal Blvd, Westminster, CO 80031
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
7,050 SF
Lot
0.44 ac (19,297 SF)
APN
R0061302
UPID
US13-0832574
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
-
Center For Change, LLC Medical Clinic
-
D&B Construction LLC Construction Company
-
Figwood Cleaning Hardware & Home Improvement
-
Rooted Path Shop (Bike/Boat/Book/etc) Store Cosmetic Store
-
Colorado Bail Bonds Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.15M
Owner & transaction history
Living Tr Of Georges M Meleka & Afa · 4 yrs held
Living Tr Of Georges M Meleka & Afa
since 2022
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+53.3%
Restaurant
$2.6M
+34.7%
Retail stores
$2.6M
+30.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westminster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,990,000
ML approach
$2,090,000
CAP Approach
CAP Return
Estimation
6%
$1,840,000
6.5%
$1,700,000
7%
$1,580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,960,000
Current use
AUTO REPAIR, GARAGE
$3,005,000
Change: +53% · Conversion: Difficult
RESTAURANT
$2,640,000
Change: +35% · Conversion: Moderate
RETAIL STORES
$2,560,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,945,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,755,000
Change: -10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,595,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±10% · vs last sale $2.20M (Feb 1 2022)
Last sale anchor
$2.20M
Feb 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$304 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,398
Tax year 2023
Assessed value
$269,880
Assessed 2023
Previous assessed
$319,670
-15.6% YoY
Effective rate
10.15%
On assessed value
Assessed land
$48,440
Assessed improvement
$221,440
Land market value
$173,610
Improvement market value
$793,704
Total market value
$967,314
Applied tax rate
555.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1976
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
7,050 SF
Lot
0.44 ac (19,297 SF)
APN
R0061302
UPID
US13-0832574
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Living Tr Of Georges M Meleka & Afa
Individual
Free & Clear · 4 yrs held
Mailing address
780 S THRASHER WAY, ANAHEIM, CA 92807-4432
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Georges M Meleka
—
Deed
related
$1,430,000 · Bay Commercial Bank
Feb 1, 2022
$2,200,000
Living Tr Of Georges M Meleka & Afa
Paul Quentin Beacom
Special Warranty Deed
—
Mar 23, 2007
$4,200
Department Of Transportation St/c
Beacom Paul Q Living Trust
Warranty Deed
—
Apr 22, 2004
—
Beacom Paul Q Trust
Beacom,paul Q
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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