Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10040 W 37th Pl Wheat Ridge, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New construction retail building, divisible, located near Sprouts Farmers Market.

    Type:RETAIL
    Property size:
    2,770 SF
    Lot size:
    0.63 Acres
    Added:
    Jul 16, 2024
    Days on Market:
    639
    Last Refresh:
    Apr 5 at 11:03 pm

    Property Features for 10040 W 37th Pl

    General Information

    Standard status
    Active
    Size
    2,770 SF
    Lot size
    0.63 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 10040 W 37th Pl Contact us

    We can help!

    Listing Contact
    Jason F. Kinsey

    Listing agent Jason F. Kinsey

    Listing office Kinsey & Company Commercial Real Estate

    Listing date Jul 16, 2024

    Source Moodyscre

    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 Kinsey & Company Commercial Real Estate

    Overview

    New Retail Space Available

    This is a new construction retail building with a total area of 2770 square feet. The building is located in front of a Sprouts Farmers Market and can be divided into up to 4 units, depending on space requirements. Monument signage is available. The property is located directly next to a Starbucks and a new 64-unit assisted living facility.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.103
    Latitude
    39.7682

    Nearby Similar for Lease

    • $16/mo

      Two-Story Office Building For Lease

      Refreshed office building with multiple suites and ample parking.
      3798 Marshall St, Wheat Ridge, CO 80033
      View Details
    • Sponsored
      Contact for pricing

      CO, Wheat Ridge - Kipling St

      4251 Kipling St, Unit 230, Wheat Ridge, CO 80033
      View Details
    • $25/mo

      Wadsworth Boulevard Retail/Office Space

      Modern retail or office space with high visibility and ample parking.
      3845 Wadsworth Boulevard, Wheat Ridge, CO 80033
      View Details
    • $14/mo

      Retail Space on W. 44th

      Highly visible retail space with excellent frontage and traffic exposure.
      9695 W 44th Ave, Wheat Ridge, CO 80033
      View Details
    • $10/mo

      Wheat Ridge Office/Warehouse Space

      Move-in ready office/warehouse spaces with convenient access to I-70.
      5151 Ward Rd, Wheat Ridge, CO
      View Details
    • $20/mo

      Wheat Ridge Office Space Available

      Office space for lease in a convenient Wheat Ridge location.
      6990 W 38th Ave, Wheat Ridge, CO
      View Details
    • Contact for pricing

      Wheat Ridge Office Sublease Available

      2,335 SF office space available for sublease in Wheat Ridge.
      4251 Kipling St, Wheat Ridge, CO 80033
      View Details
    • $19/mo

      Wheat Ridge Office Space Available

      Office space for rent with I-70 access and parking.
      4891 Independence St, Wheat Ridge, CO
      View Details
    • $12/mo

      Flex Industrial Building For Rent

      Flex/industrial building with warehouse and office/showroom space available for rent.
      4894 Van Gordon St, Wheat Ridge, CO
      View Details
    • $16/mo

      Industrial/Flex Space with Yard

      Turnkey industrial/flex space with visibility, accessibility, and functionality.
      7881 W 48th Ave, Wheat Ridge, CO
      View Details
    • $22/mo

      Medical Office Space Near Kaiser

      Medical office space with updated finishes and ample parking.
      4855 Ward Road, Wheat Ridge, CO, 80033
      View Details
    • Contact for pricing

      Versatile Commercial Space in Wheat Ridge

      Expansive 5,500 SF property with flexible layout and excellent accessibility.
      9660 W 44th Ave, Wheat Ridge, CO 80033
      View Details

    FAQs

    What type of property is this?
    Retail space - New construction retail building, divisible, located near Sprouts Farmers Market.
    Where is this retail space located?
    The property is located at 10040 W 37th Pl Wheat Ridge, CO.
    What are key features of this property?
    This property features: New construction retail building; Located in front of Sprouts Farmers Market; Located directly next to Starbucks
    (720) 280-5757 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason F. Kinsey
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!