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

    945 124th Ave Westminster, CO 80234-1703

    • Specialty properties
    • 5,565 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0987748
    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

    • Choice Veterinary Specialists / Veterinary Clinic
    • Mountain West Veterinary Imaging / Physician / Medical Clinic
    • Northside Emergency Pet Clinic / Veterinary Clinic

    Property Details for 945 124th Ave

    Year built
    2005
    Lot size
    1.28 lot acres
    Property size
    5,565 SF
    Property type
    Specialty properties
    APN
    R0024099
    APU
    R0024099

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $833,000
      Market price range: $216k - $833k

    • Alternative Use

      Use
      Estimation
      VETERINARY, ANIMAL HOSPITAL
      $475,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,015,000
      Change: +115% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $695,000
      Change: +47% Conversion: Difficult
      RESTAURANT
      $650,000
      Change: +37% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $615,000
      Change: +30% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -104.998
    Latitude
    39.9226
    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
    $61,024
    $163,080
    $417,490
    $580,570
    -
    $584,525
    $1,496,366
    $2,080,891

    Comparable in this City

    • Value Estimation
      $40,080,000
      336 SF

      10701 Pecos St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 336 SF
      10701 Pecos St, Northglenn, CO 80234-3200
      View Details
    • Value Estimation
      $1,720,000
      32,204 SF

      905 124th Ave

      VETERINARY, ANIMAL HOSPITAL • 32,204 SF
      905 124th Ave, Westminster, CO 80234-1715
      View Details
    • Value Estimation by Request
      2,593 SF

      1400 116th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,593 SF
      1400 116th Ave, Westminster, CO 80234-2897
      View Details
    • Value Estimation
      $675,000
      7,661 SF

      860 132nd Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,661 SF
      860 132nd Ave, Westminster, CO 80234-1499
      View Details
    • Value Estimation by Request
      3,192 SF

      650 Kennedy Dr

      DAY CARE, PRE-SCHOOL • 3,192 SF
      650 Kennedy Dr, Northglenn, CO 80234-4004
      View Details
    • Value Estimation
      $1,875,000
      6,300 SF

      11840 Delaware Ct

      DAY CARE, PRE-SCHOOL • 6,300 SF
      11840 Delaware Ct, Northglenn, CO 80234-2912
      View Details

    Similar Nearby for Sale

    • $2,589,000

      Westminster Single Tenant NNN Lease

      Single tenant NNN leased property in Denver MSA for sale.
      2731 W 120Th Ave, Denver, CO 80234
      View Details
    • $1,122,900

      Spacious Office Condo with Mountain Views

      3,940 sq ft office condo with two finished suites.
      2861 W 120Th Ave, Westminster, CO 80234
      View Details
    • Contact for pricing
      1,343 SF

      Office Space with Window Offices

      Office unit featuring window offices and reception area.
      11152 Huron St, Denver, CO 80234
      View Details
    • Contact for pricing
      1,405 SF

      Commercial Condo Office For Sale

      Well-maintained 1,405 SF commercial condo office with excellent natural light.
      11150 Huron St, Northglenn, CO 80234
      View Details
    • $235,000
      1,298 SF

      Northglenn Office Condo For Sale

      1,298 SF office condo in Northglenn, Colorado.
      11154 Huron St, Northglenn, CO 80234
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Retail Destination in Westminster

      Vibrant shopping center with high visibility and affluent customer base.
      2831 W 120Th Ave, Denver, CO 80234
      View Details
    • Contact for pricing

      Former Restaurant Space Available

      Restaurant space with grease trap, hood possibly addable.
      1001 W 120Th Ave, Westminster, CO 80234
      View Details
    • Contact for pricing
      1,400 SF

      Restaurant Space Available For Lease

      Second generation restaurant space with high exposure available for lease.
      2690 W 104Th Ave, Denver, CO 80234
      View Details
    • Contact for pricing

      Office Park in Quiet Location

      Office park with easy access to Westminster and I-25.
      12201-12213 Pecos St, Denver, CO 80234
      View Details
    • Contact for pricing

      Affordable Office Space For Lease

      Office space available for lease, utilities included.
      11184 Huron St, Northglenn, CO 80234
      View Details
    • Contact for pricing

      Northglenn Professional Office Building

      Six-story office building near I-25 and retail center.
      10701 Melody Dr, Northglenn, CO 80234
      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.
    945 124th Ave
    Westminster, CO 80234-1703
    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!