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Property profile & analytics
OFF-MARKET Estimated value $670,000
Medical Office Space

8410 Decatur St Westminster, CO 80031-3811

18,278 SF 2.1 ac lot Built 2009
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US13-1192470
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a 18,000 square foot, single-tenant medical office building located at 8410 Decatur St, Westminster, CO 80031. The property, built in 2009, sits on a 2.1-acre lot and is 100% occupied by Innovative Renal Care under a 10-year absolute NNN lease (commencing July 1, 2023, and expiring June 30, 2033) with a corporate guarantee. The lease includes a 2% annual rent increase, generating a current annual Net Operating Income (NOI) of $459,000. The property benefits from its strategic location near the Uplands Community Development, a large mixed-use project featuring residential, retail, and commercial components, ensuring high visibility and consistent traffic flow. This one-story building offers investors a hassle-free ownership experience with zero landlord responsibilities. The lease includes two five-year renewal options, providing long-term stability and potential for appreciation. The property's location within established residential neighborhoods and commercial areas contributes to its strong investment potential. This offering is ideal for investors seeking a stable, high-yielding asset with a reputable tenant in a growing market. The combination of a long-term lease, annual rent escalations, and an absolute net lease structure makes this an attractive addition to any portfolio.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Total area 18,278 SF
Lot 2.1 ac (91,563 SF)
APN R0176620
UPID US13-1192470
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
  • Yana Kennedy Physician
  • Gillum David M MD Physician
  • Rhonda Sharp Physician
  • Rebekah Dennis Physician
  • Boseman J Peter MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$804k
Blend (final) Blend
$670k
Owner & transaction history
Kre Of Westminster LLC · 14 yrs held
Kre Of Westminster LLC
since 2011
5 recorded transactions
2023
Price N/A
2011
$6.7M
2008
Price N/A
2007
$512,800
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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