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

    8020 Federal Blvd Westminster, CO 80031

    • Office buildings
    • 7,050 SF
    • 0.44 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Last Sale
    Feb 01, 2022
    $2,200,000
    Value Estimations
    $2,145,000
    Cap Rate Potential
    5.6%
    Office buildings
    Location Intelligence
    Property ID
    US13-0832574
    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

    • Center For Change, LLC / Addiction Treatment Center / Domestic Abuse Treatment Center
    • D&B Construction LLC / Construction Company
    • Figwood Cleaning / Cleaning Service
    • Rooted Path Shop / Health And Beauty Shop
    • Colorado Bail Bonds / Bail Bonds Service

    Property Details for 8020 Federal Blvd

    Year built
    1976
    Lot size
    0.44 lot acres
    Property size
    7,050 SF
    Property type
    Office buildings
    APN
    R0061302
    APU
    R0061302

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,248,000
      Market price range: $1.14M - $2.65M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -105.024
    Latitude
    39.8424
    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
    $27,398
    $48,440
    $221,440
    $269,880
    -
    $173,610
    $793,704
    $967,314

    Comparable in this City

    • Value Estimation by Request
      2,708 SF

      8221 Bradburn Dr

      OFFICE BUILDING • 2,708 SF
      8221 Bradburn Dr, Westminster, CO 80031-3907
      View Details
    • Value Estimation
      $2,535,000
      16,430 SF

      8471 Tpke Dr

      OFFICE BUILDING • 16,430 SF
      8471 Tpke Dr, Westminster, CO 80031-4387
      View Details
    • Value Estimation
      $5,400,000
      37,000 SF

      8671 Wolff Ct

      OFFICE BUILDING • 37,000 SF
      8671 Wolff Ct, Westminster, CO 80031-3609
      View Details
    • Value Estimation
      $1,560,000
      10,336 SF

      8690 Wolff Ct

      OFFICE BUILDING • 10,336 SF
      8690 Wolff Ct, Westminster, CO 80031-3646
      View Details
    • Value Estimation
      $13,450,000
      78,178 SF

      8700 Tpke Dr

      OFFICE BUILDING • 78,178 SF
      8700 Tpke Dr, Westminster, CO 80031-7030
      View Details
    • Value Estimation
      $3,185,000
      35,900 SF

      8670 Wolff Ct

      OFFICE BUILDING • 35,900 SF
      8670 Wolff Ct, Westminster, CO 80031-6956
      View Details

    Similar Nearby for Sale

    • $2,600,000
      16,852 SF

      Westminster Multi-Tenant Office Investment

      16,852 SF multi-tenant office building in Westminster, Colorado.
      8461 Turnpike Dr, Westminster, CO 80031
      View Details
    • $2,500,000
      37,070 SF

      Westminster Value-Add Multi-Tenant Office

      Value-add multi-tenant office property in Westminster, Colorado for sale.
      8670 Wolff Ct, Westminster, CO 80031
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    • $110,000
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      Westminster Office Unit For Sale

      Remodeled 840 SF office unit with separate entrance.
      8791 Wolff Ct, Westminster, CO 80031
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    • $149,000
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      Westminster Office Condo For Sale

      Office condo in Westminster, convenient location between Denver and Boulder.
      8791 Wolff Ct #130, Westminster, CO 80031
      View Details
    • $149,000
      840 SF

      Westminster Office Condos For Sale

      Two 840 SF office condos available, sold separately or together.
      8791 Wolff Ct #120, Westminster, CO 80031
      View Details
    • $799,000
      1.06 Acres

      810 VPD (2022) -South Lot is Accessible from Federal and also from N.Green Ct. -Total Land Area Offered Equals 1.06 acres -Existing 3 Bay Car Wash is Operating

      Contact""""}"""
      8081-8097 Federal Blvd, Westminster, CO 80031
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,162 SF

      Freestanding Building in Sheridan Park

      Office building in Sheridan Park with easy highway access.
      8771 Wolff Ct, Westminster, CO 80031
      View Details
    • $24 SF/Yr
      6,070 SF

      Westminster Class B Office Space

      Class B office building with highway access and modernized amenities.
      8700 Turnpike Dr, Westminster, CO 80031
      View Details
    • $18 SF/Yr
      37,071 SF

      Westminster Office Space Available

      Modern Office Suites, 500-5,000 SF
      8670 Wolff Ct, Westminster, CO 80031
      View Details
    • $19 SF/Yr
      2,007 SF

      Westminster Office Space For Lease

      Office space available for lease in Westminster, Colorado.
      8774 Yates Dr, Westminster, CO 80031
      View Details
    • $16 SF/Yr
      3,127 SF

      Thornton Office Space Available

      Office space with flexible floorplates and highway visibility for lease.
      500 E 84Th Ave, Thornton, CO 80031
      View Details
    • $20 SF/Yr
      42,380 SF

      Lake Arbor Plaza: Westminster Office Space

      Westminster office building, multiple suites available.
      9101 Harlan St, Westminster, CO 80031
      View Details
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    8020 Federal Blvd
    Westminster, CO 80031
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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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