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    7891 Allison Way, Unit 201 Arvada, CO 80005

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    For Sale
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    Bright 2BD/2BA condo with updated kitchen and private balcony.

    Property size:
    868 SF
    Lot size:
    0.11 Acres

    Property Features for 7891 Allison Way

    General Information

    Standard status
    Active
    Size
    868 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1984

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    Listing Contact
    Diana Nelson
    Source: Exitrealty

    Listing Agency: Allie Beth Allman & Associates Listing Agent: Diana Nelson

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

    Learn more

    Overview

    Arvada Condo with Updated Kitchen

    This 2BD/2BA condo in Arvada's Club Crest development features an updated kitchen with custom counters, a stainless farm sink, tile backsplash, new appliances, ample cabinets, designer filigree tile, and an eat-in peninsula. The open floor plan includes a large living room with a brick wood-burning fireplace, a dining room area, and a peaceful, private balcony. New wood wide slat floors and a cozy, private reading area enhance the living space. The unit includes a washer and dryer, central air, new carpeting, and a new hot water tank. There are two full bathrooms, including a primary suite with a sit-in vanity, and plenty of closet space plus an extra storage closet. A mudroom provides a shoe/coat rack area and storage. The property comes with reserved parking and ample guest parking, plus a 6 x 3 storage room next to the utility closet. The community is beautifully landscaped with mature trees, grass, and shrubs, and includes a refreshing pool. The location is near the Arvada Aquatic Center, shopping, restaurants, trails, parks, and major roadways. The HOA covers the building, requiring only an HO6 insurance policy. This property is suitable for a primary owner or as a rental investment.
    Location Intelligence

    Current Use by Public Records

    Tracey A. Carter, CMT Alternative Medicine Practice

    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
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.0892904
    Latitude
    39.8391131

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    FAQs

    What type of property is this?
    Residential income property - Bright 2BD/2BA condo with updated kitchen and private balcony.
    Where is this residential income property located?
    The property is located at 7891 Allison Way, Unit 201 Arvada, CO.
    What are key features of this property?
    This property features: - Updated Kitchen: Custom counters, stainless farm sink, tile backsplash, new appliances, tons of cabinets, designer filagree tile and eat-in peninsula.; - Prime Location: Next to the Arvada Aquatic Center and near shopping, restaurants, trails, parks, and major roadways.; - In-Unit Washer & Dryer: Provides convenience and saves time.
    (214) 302-5780
    Request Owner's contact information
    7891 Allison Way, Unit 201 Arvada, CO 80005
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    Arvada, CO 80005
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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
    7891 Allison Way, Unit 201 Arvada, CO 80005
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    Listing Contact
    Diana Nelson
    Real Estate License ID: 0794338
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