16-Unit Apartment
For Sale
Contact for pricing
10165 W 59th Ave., Arvada, CO 80004
R-M-zoned property with two-bedroom residences, on-site parking, and upgrades completed several years ago.
Property Size14,225 SF
Price / SF$190.51
Days on Market161
Property Features for 10165 W 59th Ave.
General Information
Standard status
Active
Size
14,225 SF
Total Parking Spaces
19
Property subtype
Multifamily
Zoning
R-M
Investment Type
Stabilized
Net Operating Income
$167,903
Units
Unit Mix
16 x 2BR
Multifamily Units
16
Building Details
Year Built
1970
Units
16
Tenancy
Multi
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Kevin Calame · License #CO 100022816
(303) 263-6260
Source:
Crexi
Added: May 8
Changed: Oct 11
Last Checked: Oct 12 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NORTHPEAK Commercial Advisors
Investment Insights
Based on property information with market context.
Located at 10165 W. 59th Avenue in Arvada, Colorado, this 14,225-square-foot apartment property contains 16 two-bedroom units. The building dates to 1970 and has undergone substantial renovation, with updated elements incorporated into the existing improvements. On-site parking is also provided.
The property is near Olde Town Arvada, major transportation corridors, and a range of retail, dining, and recreational destinations. Its R-M zoning supports the current apartment configuration.
The property is near Olde Town Arvada, major transportation corridors, and a range of retail, dining, and recreational destinations. Its R-M zoning supports the current apartment configuration.
Key Highlights
- 16 two‑bedroom apartment units
- 14,225 square feet of building area
- R‑M zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,477
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,369,540
$3.4M
Cap Rate 7%
$2,406,814
$2.4M
Cap Rate 9%
$1,871,967
$1.9M
Market Conditions
NOI Build-Up for 14,225 SF
Gross rent
$331.2K $23.28/SF
− Vacancy
−$24.8K −$1.75/SF
EGI
$306.3K $21.53/SF
− OpEx
−$137.8K −$9.69/SF
NOI
$168.5K $11.84/SF
Area
Arvada, CO
Vacancy
7.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,369,540
Cap Rate 7%
$2,406,814
Cap Rate 9%
$1,871,967
Alternative Uses
Best Use
Apartment 5plus
$2.41M
$2.11M – $2.81M
NOI $168,477 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,292 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 80004, CO
36,076
Population
15,447
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
5,081
Density / Sq Mi
$99,576
Median Household Income
$57,604
Median Earnings
$1,771
Median Rent
$590,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - R-M-zoned property with two-bedroom residences, on-site parking, and upgrades completed several years ago.
Where is this apartment building located?
The property is located at 10165 W 59th Ave. Arvada, CO.
What is the asking price?
The asking price for this property is $2,710,000.
What are key features of this property?
This property features: 16 two‑bedroom apartment units; 14,225 square feet of building area; R‑M zoning
