Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Arvada Vacant Lot Opportunity Title is generated by Realmo AI

    15007 W 68th Place, Arvada, CO 80007

    View on Map
    Claim this Listing
    For Sale
    $380,000

    Vacant lot in Arvada's GEOS neighborhood, ideal for mixed-use development.

    Added:
    Apr 25, 2025
    Days on Market:
    402
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 15007 W 68th Place

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    LINDA MCDONALD
    LINDA MCDONALD

    Listing agent LINDA MCDONALD

    Listing office KELLER WILLIAMS AVENUES REALTY

    Listing date Apr 25, 2025

    Source Corcoran

    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 KELLER WILLIAMS AVENUES REALTY

    HighLights

    • Prime vacant lot in land‑scarce Arvada, ready for building.
    • Located in the sought‑after GEOS Energy Sustainable Neighborhood.
    • Comes with extensive pre‑approved architectural designs for a mixed‑use building (coffee shop and 4 one‑bedroom units).
    • Utilities are adjacent for easy connection.
    • Directly across from Ralston Creek Trail access and near the Colorado Tap House.
    • Designated for mixed‑use (shops and residences) in the Entry Mixed‑Use Neighborhood Main Street District.

    Overview

    This vacant lot is located across from the Ralston Valley Ralston Creek Trail system, near the Joyce Street Bridge and the Colorado Tap House. Situated in Arvada's GEOS Energy Sustainable Neighborhood, the lot is positioned at the end of a 4-unit residential building, awaiting the construction of a 5th unit to complement the existing residence at 15011 West 68th Place. Adjacent utilities facilitate easy connection within this established community. Architectural designs, created pre-Covid, propose a main-level coffee shop and four one-bedroom units on the second and third floors, with parking garages adjacent to the back alley/driveway. These designs outline 3,966 rentable square feet and a total of 5,652 square feet. An appraisal is available to assist in determining the optimal use of the lot, which is designated as part of the Entry Mixed-Use Neighborhood Main Street District, according to the GEOS Community Plan, allowing for ground floor shops and upper floor residences. The monthly metro district fees are $107.50, based on 5 small units at $21.50 each. This property presents an opportunity for a live/work/income scenario.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.169
    Latitude
    39.8223

    Nearby Similar for Sale

    • $825,000
      2,275 SF

      Arvada Retail Property For Sale

      Single-tenant retail property on Sheridan Blvd in Arvada.
      7580 7580 Sheridan Blvd, Arvada, CO 80003
      View Details
    • $825,000

      Olde Town Arvada Commercial Property

      Prime commercial property in Olde Town Arvada with high visibility.
      5715 Upham Street, Arvada, CO 80002
      View Details
    • $600,000
      968 SF

      Renovated Retail Building in Arvada

      Charming renovated retail building in Olde Town Arvada.
      7611 Grandview Ave, Arvada, CO 80002
      View Details
    • $849,900
      5,115 SF

      Versatile Industrial Condo Warehouse

      5,100+ sqft industrial condo with warehouse and office space.
      5293 Ward Road 3, Arvada, CO 80002
      View Details
    • $2,350,000
      4,932 SF

      Arvada Restaurant Building For Sale

      Fully equipped restaurant with transferable license and outdoor patio.
      9604 Ralston Road, Arvada, CO 80004
      View Details
    • $525,000

      Arvada Office For Sale/Lease

      Office property in great location near Olde Town Arvada.
      7707 Ralston Rd, Arvada, CO 80002
      View Details
    • $2,350,000

      Equipped Restaurant Building in Arvada

      Turnkey restaurant with transferable license, high-end build-out, and patio.
      9604 Ralston Rd, Arvada, CO 80004
      View Details
    • $1,150,000
      9,874 SF

      Arvada Office Building For Sale

      9,874 SF renovated office building in Arvada, Colorado.
      8850 Ralston Rd, Arvada, CO 80002
      View Details
    • $3,472,446

      Arvada Retail Strip Center

      7-Eleven anchored strip center in a growing Denver suburb.
      8002-8020 Chase Dr, Arvada, CO 80003
      View Details
    • $4,975,000
      13,500 SF

      Prime Hard Corner Retail For Sale

      Former Walgreens on a hard corner with drive-through access.
      6395 Sheridan Blvd, Arvada, CO 80003
      View Details
    • $6,799,000

      Fully Occupied Industrial Asset

      Multi-tenant industrial property with long-term leases and solar panels.
      5550 W 60th Ave, Arvada, CO 80003
      View Details
    • $1,400,000

      Arvada Church and Office Space

      Church with meeting areas, classrooms, offices, and kitchen.
      6774 W 66th Avenue, Arvada, CO 80003
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot in Arvada's GEOS neighborhood, ideal for mixed-use development.
    Where is this commercial land located?
    The property is located at 15007 W 68th Place Arvada, CO.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Prime vacant lot in land‑scarce Arvada, ready for building.; Located in the sought‑after GEOS Energy Sustainable Neighborhood.; **Comes with extensive pre‑approved architectural designs for a mixed‑use building (coffee shop and 4 one‑bedroom units).**
    (720) 484-8600
    We can help!
    Listing Contact
    LINDA MCDONALD
    LINDA MCDONALD
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15007 W 68th Place, Arvada, CO 80007
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!