Overview
Marcus & Millichap is pleased to present West Station 95, a 95-unit BTR townhome development opportunity located at 3440 W 71st Place in Westminster, Colorado. Strategically positioned along the US-36 corridor between Denver and Boulder, the site offers residents unmatched access to two of Colorado’s strongest employment centers. The property is within minutes of the Westminster Station transit hub, providing direct commuter rail service to Downtown Denver, while also offering convenient connectivity to Boulder’s tech and education sectors.The surrounding Westminster community has experienced meaningful reinvestment, including the redevelopment of Downtown Westminster into a modern, mixed-use district with new retail, restaurants, and public spaces. Residents will also benefit from proximity to abundant outdoor amenities, with over 2,900 acres of parks and open space, as well
as easy access to the Big Dry Creek and Clear Creek trail systems.
This central location positions the project to capture sustained renter demand driven by Westminster’s growing population, relative affordability compared to neighboring Denver and Boulder, and ongoing public and private investment in infrastructure, employment, and lifestyle amenities. Upon stabilization, West Station 95 is expected to deliver a highly marketable Class A community that combines commuter convenience, lifestyle access, and long-term growth fundamentals.
Investment Highlights
Prime Transit-Oriented Location West Station 95 is a 95-unit townhome development site ideally positioned just 0.6 miles from the Westminster Station Light Rail. The site offers direct access to Downtown Denver via the B Line and easy connectivity to Boulder’s thriving employment and education centers along the US-36 corridor.
Growing, High-Income Submarket Located in Westminster, one of Colorado’s fastest-growing cities, the property benefits from strong demographics with an average household income exceeding $96,000 within one mile. The area’s relative affordability and proximity to major employers continue to attract new residents seeking convenient access to Denver and Boulder.
Strong Rent vs. Own Dynamics Home prices in Westminster have increased over 50% since 2017, driving demand for attainable for-sale and rental housing. Average home ownership costs exceed $4,000 per month compared to projected townhome rents around $1,800, underscoring a deep affordability gap and strong renter pool.
Active Redevelopment and Lifestyle Access Residents will enjoy proximity to the redeveloped Downtown Westminster district, featuring new retail, dining, and entertainment, along with over 2,900 acres of parks and open space and connections to the Big Dry Creek and Clear Creek trail systems—supporting the area’s desirable live-work-play lifestyle.
Attractive Development Economics The project is expected to deliver a high-quality, Class A townhome community with a 7.5% yield-on-cost and favorable development spread of 260 basis points over market cap rates. Upon stabilization, West Station 95 is positioned for strong absorption and long-term appreciation.
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