Arvada Flex Space
For Sale
$635,000
4475 W 58th Avenue #D, Arvada, CO 80002
Flex space condo with office and warehouse components for sale.
Property Size4,863 SF
Lot Size0.16 Acres
Price / SF$130.58
Days on Market510
Property Features for 4475 W 58th Avenue #D
General Information
Standard status
Active
Size
4,863 SF
Lot size
0.16 Acres
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
WOLFF REAL ESTATE GROUP
(719) 459-9653
Listed By:
GREGORY WOLFF
(303) 319-6929
Source:
Corcoran
Added: Apr 12, 2025
Changed: Jul 6
Last Checked: Sep 2 at 8:43PM
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 WOLFF REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This property is suitable for a subcontractor or industrial user, situated in Arvada with access to I-76 at 58th and Tennyson Street in Adams County, providing quick access to both I-76 and I-70. The first floor features 1,176 square feet of finished office space with a private entrance, a large reception area, four private offices, a copy/work room, a large kitchen with a seating area, and an ADA restroom. Additionally, there is 1,624 square feet of warehouse space with a 12-foot roll-up door and 20-foot ceilings, featuring a private entrance to both the office and warehouse areas. The second-floor mezzanine offers 1,947 square feet, including a restroom with a shower, a locker area with washer and dryer hookups, and an open storage area with forklift access. The property includes highly efficient geothermal energy systems. A forklift is included with the sale to move heavy items to the upper mezzanine. The property is close to the Arvada Marketplace, Clear Creek, and Ralston Creek. The annual HOA fee is $9,250, paid in two installments of $4,625. The HOA fee includes insurance, building coverage, flood insurance (scheduled to be removed in October 2025), fire alarm testing, water, trash, accounting, exterior security lighting, and landscaping. The total property size is 4,863 square feet.
Key Highlights
- Ideal for subcontractors or industrial users with excellent access to I‑76 and I‑70.
- Features 1,176 sq. ft. of finished office space and 1,624 sq. ft. of warehouse space with a 12‑foot roll‑up door and 20‑foot ceilings.
- 1,947 sq. ft. second‑floor mezzanine includes restroom, shower, lockers, washer/dryer hookups, and forklift access.
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
$52,914
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
8.33%
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%
$1,058,280
$1.1M
Cap Rate 7%
$755,914
$755.9K
Cap Rate 9%
$587,933
$587.9K
Market Conditions
NOI Build-Up for 4,863 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
$87.5K $18.00/SF
− Vacancy
−$6.1K −$1.26/SF
EGI
$81.4K $16.74/SF
− OpEx
−$28.5K −$5.86/SF
NOI
$52.9K $10.88/SF
Area
Arvada, CO
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,058,280
Cap Rate 7%
$755,914
Cap Rate 9%
$587,933
Alternative Uses
Best Use
Flex RnD
$755.9K
$661.4K – $881.9K
NOI $52,914 @ 7.0% cap · market cap 8.33%
Second Best
Industrial
$565.0K
$494.4K – $659.2K
NOI $39,550 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,035 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80002, CO
20,267
Population
9,960
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
6.5 sq mi
ZIP Area
3,118
Density / Sq Mi
$92,827
Median Household Income
$55,044
Median Earnings
$1,733
Median Rent
$538,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space condo with office and warehouse components for sale.
Where is this flex space located?
The property is located at 4475 W 58th Avenue #D Arvada, CO.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Ideal for subcontractors or industrial users with excellent access to I‑76 and I‑70.; Features 1,176 sq. ft. of finished office space and 1,624 sq. ft. of warehouse space with a 12‑foot roll‑up door and 20‑foot ceilings.; 1,947 sq. ft. second‑floor mezzanine includes restroom, shower, lockers, washer/dryer hookups, and forklift access.
