8773 Yates Dr, Westminster, CO 80031-3678
- Hotels
- 113,400 SF
- 5.66 lot acres
Current Use by Public Records
- DoubleTree by Hilton Hotel Denver - Westminster / Hotel & Motel
- Springs Fabrication / Industrial Manufacturer / Production Facility
Property Details for 8773 Yates Dr
- Year built
- 1985
- Lot size
- 5.66 lot acres
- Property type
- Hotels
- APN
- R0062916
- APU
- R0062916
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 30, 2020 | — | Areit Wh II LLC | — | Deed · related | $15.3M · Argentic Real Estate Investme |
| Dec 27, 2018 | $22,515,000 | Eh Westminister LLC | Hc Denver LLC | Grant Deed | $1.5M · Argentic R/e Inv LLC |
| Jul 2, 2015 | $6,000,000 | Hc Denver LLC | Hhp-westminster LLC | Grant Deed | $43.5M · Nxt Cap |
| — | — | Hhp-westminster LLC | — | Deed Of Trust · related | $7.5M · Jackson Square Inv II LLC |
| — | — | Areit Wh II LLC | — | Deed Of Trust · related | $15.3M · Argentic Real Estate Investme |
Description
This exceptional 1.45-acre development opportunity in Westminster, Colorado, is ideally situated on Highway 36, between Denver and Boulder. Its strategic location, nestled between a DoubleTree hotel and the Sheridan Light Rail station, provides unparalleled access to major transportation arteries and key employment centers in Broomfield and Interlocken. The 63,520 square foot lot presents a unique chance to develop a new hotel, catering to both leisure and corporate travelers. The site's proximity to Denver and Boulder ensures a robust demand for hotel accommodations. This property is perfect for various hotel brands, including but not limited to Courtyard by Marriott, TownePlace Suites, StudioRes by Marriott, Hyatt Studios, and ECHO by Wyndham. The asking price for this prime development land is $1,900,000. This presents a compelling investment opportunity in a high-growth area with strong potential for significant returns. The property is being offered for sale by owner. Adams County location, zip code 80031, address 8773 Yates Dr.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,520,000
- 6.5%
- $6,015,000
- 7%
- $5,585,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,751,000
Market price range: $1.30M - $15.1M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $7,130,000 Current use
- RETAIL STORES
- $7,490,000 Change: +5% Conversion: Difficult
- WAREHOUSE, STORAGE
- $7,140,000 Change: +0% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Adams
- State
- Colorado
- Longitude
- -105.052
- Latitude
- 39.856
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
