Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8820 116th Cir Broomfield, CO 80021-2747

    • Warehouses
    • 20,320 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimations
    $2,825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2783288
    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

    • Warehouses

    Property Details for 8820 116th Cir

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    1.84 lot acres
    Property size
    20,320 SF
    Zone code
    I-1-PUD
    Property type
    Warehouses
    APN
    171703403002
    APU
    171703403002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,680,000
      6.5%
      $2,475,000
      7%
      $2,300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,196,000
      Market price range: $715k - $2.20M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,325,000
      Current use
      INDUSTRIAL (GENERAL)
      $4,600,000
      Change: +38% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Broomfield
    County
    Broomfield
    State
    Colorado
    Longitude
    -105.099
    Latitude
    39.9033
    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
    $93,692
    $243,200
    $512,250
    $755,450
    -
    $871,690
    $1,836,030
    $2,707,720

    Comparable in this City

    • Value Estimation by Request
      75,058 SF

      8789 108Th Ave

      Distribution properties • 75,058 SF
      8789 108Th Ave, Westminster, CO 80021
      View Details
    • Value Estimation by Request
      4,340 SF

      11740 Airport Way35f

      WAREHOUSE, STORAGE • 4,340 SF
      11740 Airport Way35f, Broomfield, CO 80021-2511
      View Details
    • Value Estimation
      $1,995,000
      14,352 SF

      9108 Rocky Rd

      WAREHOUSE, STORAGE • 14,352 SF
      9108 Rocky Rd, Westminster, CO 80021-2829
      View Details
    • Value Estimation by Request
      2,146 SF

      11740 Airport Way32d

      WAREHOUSE, STORAGE • 2,146 SF
      11740 Airport Way32d, Broomfield, CO 80021-2511
      View Details
    • Value Estimation
      $4,955,000
      35,490 SF

      9675 108th Cir

      WAREHOUSE, STORAGE • 35,490 SF
      9675 108th Cir, Westminster, CO 80021-3600
      View Details
    • Value Estimation by Request
      2,500 SF

      10900 120th Ave Ste A-5

      WAREHOUSE, STORAGE • 2,500 SF
      10900 120th Ave Ste A-5, Broomfield, CO 80021-2754
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      75,058 SF

      Westminster Flex/Industrial/Office Property

      75,058 SF flex, industrial, and office space for sale.
      8789 W 108Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      18,284 SF

      Adaptable Industrial Facility in Broomfield

      Functional industrial facility with exceptional flexibility in Broomfield's Dry Creek Business Park.
      11120 Broomfield Ln, Broomfield, CO 80021
      View Details
    • Contact for pricing
      22,478 SF

      Office Flex Condos For Sale

      Eight office flex condos available for sale or lease.
      10875 Dover St, Westminster, CO 80021
      View Details
    • Contact for pricing
      75,058 SF

      New Industrial/Flex Facility in Westminster

      Class A industrial/flex facility with easy access to regional hubs.
      8789 W 108Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      9,621 SF

      Premium Flex Property in Denver

      Flex property with modern office finish in prime Denver location.
      7827 W 108Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing

      Flatiron Crossing Commercial Land Parcel

      6.12 acre parcel near Flatiron Crossing regional mall.
      44 W Flatiron Crossing Dr, Broomfield, CO 80021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,995 SF

      Westminster Industrial Space For Lease

      Functional industrial space near I-25 and E-470 in Westminster, CO.
      1100-1170 W 120Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      75,058 SF

      Westminster Flex Space - 75,058 SF

      Class A Flex/Warehouse, 7.15 acres, immediate occupancy.
      8789 108Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing

      Versatile Flex Space with Lab

      Mix of office, lab, and warehouse space for rent.
      295 Interlocken Blvd, Broomfield, CO 80021
      View Details
    • Sponsored
      Contact for pricing

      Spaces Arista

      Workspaces, services and support to help you grow your business in Spaces Arista
      8181 Arista Pl, Broomfield, CO 80021
      View Details
    • Contact for pricing

      Interlocken

      Discover many ways to work your way in Interlocken
      390 Interlocken Cres, Broomfield, CO 80021
      View Details
    • Contact for pricing

      Restaurant Space in Flatiron Marketplace

      7,800 SF restaurant space near Flatiron Crossing Mall.
      615 Flatiron Marketplace Dr, Broomfield, CO 80021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8820 116th Cir
    Broomfield, CO 80021-2747
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!