Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    7867 West 38Th Ave Wheat Ridge, CO 80033

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Pristine 2,122 SF office condo with multiple offices and entrances.

    Property size:
    2,122 SF

    Property Features for 7867 West 38Th Ave

    General Information

    Size
    2,122 SF

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Joe Owston
    Source: Pinnaclerea

    Listing Agent: Joe Owston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wheat Ridge Suburban Office Condo

    This suburban office condo in Wheat Ridge, Colorado, offers a versatile space with three large offices, a spacious conference room, and a well-appointed kitchen. Constructed in 1981, the 2,122 square foot property features the added convenience of two separate entrances. The surrounding community provides a blend of modern amenities and historic charm, appealing to businesses and residents alike. The location offers convenient access to diverse dining options, boutique shops, and recreational areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.0845215
    Latitude
    39.7708237

    Nearby Similar for Sale

    • $3,500,000
      24,138 SF

      Wheat Ridge Office Building For Sale

      Income-producing office building or redevelopment opportunity in Wheat Ridge, Colorado.
      4485 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • $299,900

      Charming Home in Garrison Lakes

      2-bedroom, 1-bathroom home in Wheat Ridge's Garrison Lakes Community.
      4921 Garrison St, Wheat Ridge, CO 80033
      View Details
    • $4,800,000
      38,114 SF

      Wheat Ridge Office/Warehouse Opportunity

      38,114 SF office, light industrial and warehouse facility for sale.
      4725 Independence St, Wheat Ridge, CO 80033
      View Details
    • $1,285,000
      4,795 SF

      Wheat Ridge Dispensary Opportunity

      Freestanding retail building with dispensary license for sale.
      10030 W 27 Ave, Wheat Ridge, CO
      View Details
    • $1,975,000
      6,535 SF

      Renovated Multifamily Property with Upside

      Renovated multifamily property near Discovery Park with strong income potential.
      10717 W 38Th Ave, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      5,099 SF

      Wheat Ridge Multifamily and Storage

      Single-family home, duplexes, and mini-storage on a large lot.
      3839 Reed St, Wheat Ridge, CO 80033
      View Details
    • $249,000
      504 SF

      Charming Condo Near Sloans Lake

      Main-floor 1 bed/1 bath condo near Sloans Lake.
      4072 Ames St, Wheat Ridge, CO 80212
      View Details
    • $1,500,000
      5,520 SF

      Wheat Ridge Multifamily Investment Opportunity

      Seven-unit property in a quiet Wheat Ridge residential neighborhood.
      3851 Otis St, Wheat Ridge, CO 80033
      View Details
    • $2,800,000
      9,840 SF

      Wheat Ridge Thirteen-Unit Multifamily Property

      Thirteen-unit multifamily property in Wheat Ridge, fully renovated and well-maintained.
      4629-4653 Otis St, Wheat Ridge, CO 80033
      View Details
    • $545,000
      1,548 SF

      Brick Duplex with Garage

      Desirable duplex with garage, high income potential, and updated features.
      3820-3830 Pierce St, Wheat Ridge, CO 80033
      View Details
    • $510,000
      1,522 SF

      Modern Townhome with Mountain Views

      New Arvada townhome featuring mountain views and modern upgrades.
      5387 Pierson Ct, Wheat Ridge, CO 80033
      View Details
    • $850,000

      Wheat Ridge Quadplex Investment Opportunity

      Turn-key quadplex in Wheat Ridge with strong rental history.
      4563 Everett St, Wheat Ridge, CO 80033
      View Details

    FAQs

    What type of property is this?
    Office space - Pristine 2,122 SF office condo with multiple offices and entrances.
    Where is this office space located?
    The property is located at 7867 West 38Th Ave Wheat Ridge, CO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime location in Wheat Ridge, CO with convenient access to amenities.; - Spacious 2,122 SF office condo.; - Features three large offices and a large conference room.
    (303) 396-2663
    Request Owner's contact information
    7867 West 38Th Ave Wheat Ridge, CO 80033
    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.
    7867 West 38Th Ave
    Wheat Ridge, CO 80033
    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
    7867 West 38Th Ave Wheat Ridge, CO 80033
    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

    We can help!
    Listing Contact
    Joe Owston
    (303) 396-2663
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.