Updated Duplex with Private
For Sale
$410,000
10650 W 63rd Ave, Arvada, CO 80004
Two-level interiors include vaulted ceilings, a wood-burning fireplace, central air conditioning, and a two-car garage.
Property Size1,313 SF
Days on Market25
Property Features for 10650 W 63rd Ave
General Information
Standard status
Active
Size
1,313 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,639
Amenities
fireplace
deck
central air conditioning
Building Details
Building Size
1,313 SF
Year Built
1984
Listing Agency:
Bradford Real Estate
(720) 217-7206
Listed By:
Dirk Boden
(720) 217-7206
Source:
Corken
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 29 at 2:18PM
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 Bradford Real Estate
Investment Insights
Based on property information with market context.
This duplex, built in 1984, features a two-level interior with an open living and dining area, vaulted ceilings, fresh paint, and a kitchen equipped with granite countertops, shaker cabinetry, and a butcher-block bar. A wood-burning fireplace adds a defined gathering area, while sliding doors open to a private deck oriented toward open space and mature trees.
The lower level includes a mudroom connected to the garage and driveway, a third bedroom with new carpeting, a private three-quarter bathroom, and under-stair storage. The primary bedroom includes an ensuite bathroom with a double vanity. Central air conditioning provides an additional building system upgrade.
Allendale Park is one block away and offers walking trails and playgrounds. Ralston Creek Trail, Arvada West High School, Ace Hardware, and local shops and restaurants are located minutes from the property.
The lower level includes a mudroom connected to the garage and driveway, a third bedroom with new carpeting, a private three-quarter bathroom, and under-stair storage. The primary bedroom includes an ensuite bathroom with a double vanity. Central air conditioning provides an additional building system upgrade.
Allendale Park is one block away and offers walking trails and playgrounds. Ralston Creek Trail, Arvada West High School, Ace Hardware, and local shops and restaurants are located minutes from the property.
Key Highlights
- Duplex with a two‑car garage, driveway access, and a lower‑level mudroom
- Private deck overlooking open space and mature trees
- Kitchen with granite countertops, shaker cabinets, and butcher‑block bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,902
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,040
$338.0K
Cap Rate 7%
$241,457
$241.5K
Cap Rate 9%
$187,800
$187.8K
Market Conditions
NOI Build-Up for 1,313 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.0K $19.80/SF
− Vacancy
−$1.9K −$1.41/SF
EGI
$24.1K $18.39/SF
− OpEx
−$7.2K −$5.52/SF
NOI
$16.9K $12.87/SF
Area
Arvada, CO
Vacancy
7.12%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,040
Cap Rate 7%
$241,457
Cap Rate 9%
$187,800
Alternative Uses
Best Use
Multifamily LT 5
$241.5K
$211.3K – $281.7K
NOI $16,902 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$222.2K
$194.4K – $259.2K
NOI $15,551 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$351.1K
$307.2K – $409.7K
NOI $24,579 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
548
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
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?
Duplex - Two-level interiors include vaulted ceilings, a wood-burning fireplace, central air conditioning, and a two-car garage.
Where is this duplex located?
The property is located at 10650 W 63rd Ave Arvada, CO.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Duplex with a two‑car garage, driveway access, and a lower‑level mudroom; Private deck overlooking open space and mature trees; Kitchen with granite countertops, shaker cabinets, and butcher‑block bar
