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    960 West 124Th Ave Westminster, CO 80234

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    960 West 124Th Ave Westminster, CO 80234

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    • Distribution centers
    • 38,950 SF
    • 1.93 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    Westminster Warehouse Space Available For Lease
    $13 SF/Yr
    20,381 SF

    Westminster Warehouse Space Available

    Industrial warehouse space available for lease in Westminster, Colorado.

    960 West 124th Avenue, Westminster, CO 80234
    View Listing
    Property ID
    US13-2820473
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FlapJacked / Food Processing Plant / Factory
    • Bonfils Blood Center / Medical Clinic
    • Energy Services of Colorado - ESCO / HVAC Service / General Contractor
    • Roth Medical / Production Facility
    • Vitalant Blood Donation- Westminster / Blood Bank / Blood Donation Center

    Property Details for 960 West 124Th Ave

    Year built
    2000
    Lot size
    1.93 lot acres
    Property size
    38,950 SF
    Property type
    Distribution centers
    APN
    R0145667
    APU
    R0145667

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,140,000
      6.5%
      $4,745,000
      7%
      $4,405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,110,000
      Market price range: $883k - $4.52M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,370,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Adams
    State
    Colorado
    Longitude
    -104.999
    Latitude
    39.9212
    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
    $143,830
    $140,860
    $1,297,580
    $1,438,440
    -
    $504,869
    $4,650,830
    $5,155,699

    Comparable in this City

    • Value Estimation
      $6,350,000
      65,227 SF

      12300 Pecos St

      DISTRIBUTION WAREHOUSE • 65,227 SF
      12300 Pecos St, Westminster, CO 80234-3426
      View Details
    • Value Estimation
      $4,100,000
      45,262 SF

      1105 122nd Ave

      DISTRIBUTION WAREHOUSE • 45,262 SF
      1105 122nd Ave, Westminster, CO 80234-3419
      View Details
    • Value Estimation
      $10,610,000
      65,417 SF

      555 112th Ave

      DISTRIBUTION WAREHOUSE • 65,417 SF
      555 112th Ave, Northglenn, CO 80234-3022
      View Details
    • Value Estimation
      $2,780,000
      31,528 SF

      11480 Cherokee St

      DISTRIBUTION WAREHOUSE • 31,528 SF
      11480 Cherokee St, Northglenn, CO 80234-3015
      View Details
    • Value Estimation
      $3,610,000
      34,084 SF

      12110 Tejon St

      DISTRIBUTION WAREHOUSE • 34,084 SF
      12110 Tejon St, Westminster, CO 80234-2321
      View Details
    • Value Estimation
      $3,520,000
      32,775 SF

      1020 124th Ave

      DISTRIBUTION WAREHOUSE • 32,775 SF
      1020 124th Ave, Westminster, CO 80234-1782
      View Details

    Similar Nearby for Sale

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      Spacious Office Condo with Mountain Views

      3,940 sq ft office condo with two finished suites.
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      Commercial Condo Office For Sale

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      1,298 SF office condo in Northglenn, Colorado.
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    Similar Nearby for Lease

    • $22 SF/Yr
      2,547 SF

      Westminster Industrial Space with Loft

      Class A industrial space with excellent visibility and natural light.
      12170 Tejon St, Denver, CO 80234
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse space with drive-in door, available soon.
      11450 Cherokee St, Northglenn, CO 80234
      View Details
    • Contact for pricing

      Westminster Class A Industrial Space

      Class A industrial space with highway access and natural light.
      12170 Tejon St, Westminster, CO 80234
      View Details
    • $13 SF/Yr
      20,381 SF

      Westminster Warehouse Space Available

      Industrial warehouse space available for lease in Westminster, Colorado.
      960 West 124Th Ave, Westminster, CO 80234
      View Details
    • Contact for pricing
      2,627 SF

      Industrial Building I-25 Frontage

      Industrial building in North Denver with I-25 frontage available now.
      11450 Cherokee St, Northglenn, CO 80234
      View Details
    • $28 SF/Yr
      39,446 SF

      Westminster Warehouse Space Available

      39,446 square foot warehouse space for lease.
      2861 W 120Th Ave, Westminster, CO 80234
      View Details
    View Listing
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    Westminster, CO 80234
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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.

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    960 West 124Th Ave, Westminster, CO, 80234

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