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

    9221 Wadsworth Pkwy Westminster, CO 80021-4598

    • Residential income homes
    • 46,922 SF
    • 2.35 lot acres
    OFF-MARKET
    Value Estimations
    $10,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1004916
    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

    • Aspen Place at Covenant Living of Colorado / Nursing Home / Assisted Living Facility
    • Village Care & Rehabilitation Center / Nursing Home / Assisted Living Facility

    Property Details for 9221 Wadsworth Pkwy

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    2.35 lot acres
    Property size
    46,922 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    29-232-05-022
    APU
    2923205022

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,365,000
      6.5%
      $10,490,000
      7%
      $9,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,842,000
      Market price range: $9.82M - $14.4M
      AI Estimate
      $8,688,000
      Market price range: $2.91M - $12.8M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,690,000
      Current use
      RETAIL STORES
      $17,020,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $13,040,000
      Change: +12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $12,960,000
      Change: +11% Conversion: Moderate
      MEDICAL BUILDING
      $11,135,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.086
    Latitude
    39.8641
    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
    $0.00
    $137,111
    $673,901
    $811,012
    -
    $2,046,440
    $10,058,230
    $12,104,670

    Comparable in this City

    • Value Estimation
      $7,715,000
      29,986 SF

      9221 Wadsworth Pkwy

      APARTMENT HOUSE (UNDER 5 UNITS) • 29,986 SF
      9221 Wadsworth Pkwy, Westminster, CO 80021-4598
      View Details
    • Value Estimation by Request
      3.76 Acres

      11448 Central Ct

      APARTMENT HOUSE (5+ UNITS) • 3.76 Acres
      11448 Central Ct, Broomfield, CO 80021-4140
      View Details
    • Value Estimation by Request
      313,394 SF

      11815 Rdg Pkwy

      APARTMENT HOUSE (5+ UNITS) • 313,394 SF
      11815 Rdg Pkwy, Broomfield, CO 80021-5073
      View Details
    • Value Estimation
      $31,700,000
      141,501 SF

      11248 Broomfield Ln

      APARTMENT HOUSE (5+ UNITS) • 141,501 SF
      11248 Broomfield Ln, Broomfield, CO 80021-7909
      View Details
    • Value Estimation by Request
      15,060 SF

      355 Eldorado Blvd

      APARTMENT HOUSE (5+ UNITS) • 15,060 SF
      355 Eldorado Blvd, Broomfield, CO 80021-3575
      View Details
    • Value Estimation by Request
      643,992 SF

      220 Smt Blvd, Unit 331

      APARTMENT HOUSE (5+ UNITS) • 643,992 SF
      220 Smt Blvd, Broomfield, CO 80021-8271
      View Details

    Similar Nearby for Sale

    • $450,000
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      End Unit Condo with Upgrades

      Remodeled condo with vaulted ceilings, hardwood floors, and scenic views.
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    • $875,000

      Jefferson County Agricultural Zoned Property

      3.5+/- acre agricultural property in Jefferson County, Westminster, CO.
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    • $750,000

      Broomfield Land Opportunity

      Land available in Broomfield, Colorado.
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    • $2,490,000

      Land Available in Westminster, Colorado

      Land for sale in Westminster, Colorado.
      9251 N Wadsworth Blvd, Westminster, CO 80021
      View Details
    • 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

    Similar Nearby for Lease

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      Gaming Restaurant/Bar For Rent

      Operating gaming restaurant/bar in a busy center.
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      Retail Space Near King Soopers

      Retail space with monument signage opportunity near King Soopers.
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    • $13 SF/Yr
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      Westminster Office Space with Balconies

      Class A office space with private balconies available for rent.
      2921 W 120Th Ave, Westminster, CO 80021
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    • $23 SF/Yr

      Mountain View Corporate Office Space

      Four-building office complex with mountain views and convenient location.
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    • $19 SF/Yr
      4,258 SF

      Move-in Ready Office Building

      Stand-alone office building with parking on a corner lot.
      8687 W 108Th Ave, Westminster, CO 80021
      View Details
    • Contact for pricing
      2,823 SF

      Westminster Retail Space For Rent

      Retail space available in busy Westminster shopping center.
      10138 Wadsworth Pkwy, Westminster, CO 80021
      View Details
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    Westminster, CO 80021-4598
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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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