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

    9606 Metro Airport Ave Westminster, CO 80021-2512

    • Warehouses
    • 27,940 SF
    OFF-MARKET
    Value Estimations
    $3,860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1101619
    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

    • Carriere & Little / Consultant

    Property Details for 9606 Metro Airport Ave

    Year built
    1991
    Construction
    FRAME
    Property size
    27,940 SF
    Property type
    Warehouses
    APN
    29-032-00-023
    APU
    2903200023

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,685,000
      6.5%
      $3,400,000
      7%
      $3,160,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,020,000
      Market price range: $984k - $3.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,570,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.104
    Latitude
    39.905
    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
    $46,138
    $0.00
    $490,188
    $490,188
    -
    $0.00
    $1,786,947
    $1,786,947

    Comparable in this City

    • Value Estimation
      $5,605,000
      37,992 SF

      9241 Wadsworth Blvd

      MINI-WAREHOUSE, STORAGE • 37,992 SF
      9241 Wadsworth Blvd, Westminster, CO 80021-4528
      View Details
    • Value Estimation
      $3,100,000
      22,689 SF

      11886 Simms St

      WAREHOUSE, STORAGE • 22,689 SF
      11886 Simms St, Westminster, CO 80021
      View Details
    • Value Estimation by Request
      2,400 SF

      10462 Airport Ct, Unit B

      WAREHOUSE, STORAGE • 2,400 SF
      10462 Airport Ct, Broomfield, CO 80021-2734
      View Details
    • Value Estimation by Request
      3,360 SF

      11750 Airport Way

      WAREHOUSE, STORAGE • 3,360 SF
      11750 Airport Way, Broomfield, CO 80021-2584
      View Details
    • Value Estimation by Request
      3,360 SF

      11750 Airport Way Hngr B12a

      WAREHOUSE, STORAGE • 3,360 SF
      11750 Airport Way Hngr B12a, Broomfield, CO 80021-2553
      View Details
    • Value Estimation by Request
      870 SF

      Airport Way

      WAREHOUSE, STORAGE • 870 SF
      Airport Way, Broomfield, CO 80021
      View Details

    Similar Nearby for Sale

    • 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
    • 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
    • $650,000
      2,946 SF

      Broomfield Industrial Space For Sale

      2,946 SF Flex Space, $650K
      0 Dover St, Westminster, CO 80021
      View Details
    • $1,500,000
      22,478 SF

      Westminster Flex Condo Units

      Flex condo units for sale in thriving Westminster.
      10875 Dover St, Westminster, CO 80021
      View Details
    • $445,000
      0.77 Acres

      Westminster Commercial Land - 0.77 Acres

      High-traffic location, ideal for retail or medical.
      10005 Brentwood Way, 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

    Similar Nearby for Lease

    • Contact for pricing
      204,832 SF

      Westminster Flex Space Available

      Prime Westminster location, flexible spaces.
      10835 Dover St, 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
      600,000 SF

      Simms Technology Park: Premier Commercial Space

      600,000 SF Multi-Use Development, Flexible Spaces Available
      0 112Th Ave, Westminster, CO 80021
      View Details
    • $12 SF/Yr
      3,800 SF

      Interlocken Blvd Flex Space Available

      Broomfield, CO industrial flex space for lease.
      295 Interlocken Blvd, Broomfield, CO 80021
      View Details
    • $75 SF/Yr
      20,902 SF

      Regus Interlocken Executive Suites

      Prime Broomfield Office Space: Flexible Options Available
      390 Interlocken Cres, Broomfield, CO 80021
      View Details
    • Contact for pricing
      35,000 SF

      Retail Space on Wadsworth Parkway

      Anchor and stand-alone retail spaces available with strong visibility.
      9180 Wadsworth Pkwy, Westminster, CO 80021
      View Details
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    9606 Metro Airport Ave
    Westminster, CO 80021-2512
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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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