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

    8850 116th Cir Broomfield, CO 80021-2557

    • Retail space
    • 10,962 SF
    • 1.41 lot acres
    OFF-MARKET
    Last Sale
    Jul 08, 2020
    $5,900,000
    Value Estimations
    $6,070,000
    Show details
    Cap Rate Potential
    2.1%
    Retail space
    Location Intelligence
    Property ID
    US13-0629912
    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

    • Retail space

    Property Details for 8850 116th Cir

    Year built
    2019
    Lot size
    1.41 lot acres
    Property size
    10,962 SF
    Zone code
    I-1-PUD
    Property type
    Retail space
    APN
    171703402002
    APU
    171703402002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,320,000
      ML approach
      $6,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,328,000
      Market price range: $2.33M - $5.33M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,975,000
      Current use
      AUTO REPAIR, GARAGE
      $4,670,000
      Change: +17% Conversion: Difficult
      RESTAURANT
      $4,105,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Broomfield
    County
    Broomfield
    State
    Colorado
    Longitude
    -105.098
    Latitude
    39.9057
    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
    $116,161
    $186,370
    $750,250
    $936,620
    -
    $668,000
    $2,689,070
    $3,357,070

    Comparable in this City

    • Value Estimation
      $400,000
      5,223 SF

      9140 Wadsworth Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 5,223 SF
      9140 Wadsworth Pkwy, Westminster, CO 80021-4544
      View Details
    • Value Estimation
      $310,000
      3,000 SF

      7465 92nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      7465 92nd Ave, Westminster, CO 80021-5609
      View Details
    • Value Estimation
      $495,000
      11,732 SF

      8875 116th Cir

      RETAIL STORES (PERSONAL SERVICES) • 11,732 SF
      8875 116th Cir, Broomfield, CO 80021-2557
      View Details
    • Value Estimation
      $360,000
      7,950 SF

      9960 Wadsworth Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 7,950 SF
      9960 Wadsworth Pkwy, Westminster, CO 80021-4299
      View Details
    • Value Estimation
      $410,000
      9,012 SF

      9910 Wadsworth Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 9,012 SF
      9910 Wadsworth Pkwy, Westminster, CO 80021-6848
      View Details
    • Value Estimation
      $480,000
      10,038 SF

      8700 Church Rnch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,038 SF
      8700 Church Rnch Blvd, Westminster, CO 80021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,325 SF

      Westminster Retail Building For Sale

      9,325 SF retail building in Westminster, Colorado.
      10392 Reed St, Westminster, CO 80021
      View Details
    • $3,350,000
      9,314 SF

      Restaurant Ready with Rooftop Potential

      Fully renovated restaurant with rooftop patio potential in Westminster.
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    • $4,511,000
      8,921 SF

      Established Restaurant in Broomfield, Colorado

      Well-established Benihana restaurant for sale in a dynamic location.
      515 Zang St, Westminster, CO 80021
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    • Contact for pricing
      75,058 SF

      Westminster Industrial/Office Complex

      75,058 SF Class A Space, Colorado
      8789 108Th Ave, Westminster, CO 80021
      View Details
    • $650,000
      2,946 SF

      Broomfield Industrial Space For Sale

      2,946 SF Flex Space, $650K
      0 Dover St, Westminster, CO 80021
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    • $1,500,000
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      Westminster Flex Condo Units

      Flex condo units for sale in thriving Westminster.
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    Similar Nearby for Lease

    • Contact for pricing
      2,134 SF

      Retail Space Near King Soopers

      Retail space with monument signage opportunity near King Soopers.
      9140 W 100Th Ave, Westminster, CO 80021
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      2,823 SF

      Westminster Retail Space For Rent

      Retail space available in busy Westminster shopping center.
      10138 Wadsworth Pkwy, Westminster, CO 80021
      View Details
    • Contact for pricing
      2,292 SF

      Retail Space in Westminster, CO

      Retail space suitable for various businesses, excluding banks and coffee.
      1855 W 120Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      3,511 SF

      Retail Space with Existing Showers

      Former gym space available in busy Westminster location.
      9940 Wadsworth Pkwy, Westminster, CO 80021
      View Details
    • Contact for pricing
      3,120 SF

      Retail Space on 92nd Avenue

      New construction retail space with high traffic and signage options.
      7465 W 92Nd Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      2,530 SF

      Retail Space Near Highway 36

      Retail space with high visibility near Highway 36.
      10435 Reed St, Westminster, CO 80021
      View Details
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    8850 116th Cir
    Broomfield, CO 80021-2557
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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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