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    6395 Sheridan Blvd Arvada, CO 80003

    Sponsored
    Source: https://svn.com
    For Sale
    $4,975,000

    Prime Hard Corner Retail For Sale

    Property size:
    13,500 SF

    Property Features for 6395 Sheridan Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,500 SF
    Price / Square Foot
    $368
    Elevators
    N/A
    Lot Size
    61,855 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1

    Overview

    High-Profile Retail Corner in Arvada

    This property is a free-standing retail building situated on a prominent hard corner. The location benefits from excellent signage, visibility, and drive-through access. Previously occupied by Walgreens for over 25 years, the site is positioned at a busy intersection with high traffic counts. The property is located in Arvada, Colorado, a dynamic submarket within the Denver MSA. The surrounding area features national credit tenants. Over 60,000 vehicles pass by the property daily. The location benefits from solid demographics, including a household income of over $105,000 within a one-mile radius. The property is situated on a 1.42-acre lot and the building size is 13,500 square feet. The property is located at the hard corner of 64th and Sheridan, offering direct visibility from Sheridan Boulevard. The location is a dense infill area with approximately 53,000 vehicles traveling by the property daily. This presents a prime opportunity for repositioning or re-tenanting in a high-demand trade area for a developer, investor, or owner/user. The space can be divided.

    We can help!

    Listing Contact
    Troy Meyer

    Learn more

    Property Insight Report

    HighLights

    • Hard Corner Location at Busy Intersection (64th & Sheridan) | Direct Visibility From Sheridan Blvd Drive Thru Access | Oversized 1.42 Acre Lot | Space Can Be Demised Dense Infill Location - Approximately 53,000 Vehicles Travel by the Property Daily One Of The Hottest Submarkets In The Denver MSA Prime Opportunity For Developer, Investor, or Owner/User
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy Luke T. Gansen, ... Pharmacy FedEx OnSite Postal Service Walgreens Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    State
    Colorado
    Longitude
    -105.052029
    Latitude
    39.7925083

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    FAQs

    What type of property is this?
    Individual retail property - Prime Hard Corner Retail For Sale
    Where is this individual retail property located?
    The property is located at 6395 Sheridan Blvd Arvada, CO.
    What is the asking price?
    The asking price for this property is $4,975,000.
    What are key features of this property?
    This property features: Hard Corner Location at Busy Intersection (64th & Sheridan) | Direct Visibility From Sheridan Blvd Drive Thru Access | Oversized 1.42 Acre Lot | Space Can Be Demised Dense Infill Location - Approximately 53,000 Vehicles Travel by the Property Daily One Of The Hottest Submarkets In The Denver MSA Prime Opportunity For Developer, Investor, or Owner/User
    (303) 217-7008
    Request Owner's contact information
    6395 Sheridan Blvd Arvada, CO 80003
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    Arvada, CO 80003
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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
    6395 Sheridan Blvd Arvada, CO 80003
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    We can help!
    Listing Contact
    Troy Meyer
    (303) 217-7008
    Learn more
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