Multi-Tenant Office
3798 Marshall Street Wheat, Wheat Ridge, CO 80033
For Sale
$1,700,000
Well-located Wheat Ridge office property with two month-to-month tenants and independently owned office units.
Property Size10,050 SF
Days on Market148
Property Features for 3798 Marshall Street Wheat
General Information
Standard status
Size
Class
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Business Included
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
RE/MAX
Listed By:
Doug Jennings · License CO FA40024706
(720) 434-6637
Source:
Remaxcommercial
Added: Jun 17
Changed: Oct 25
Last Checked: Nov 10 at 5:01AM
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 RE/MAX
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Investment Insights
Based on property information with market context.
This for-sale commercial property is situated on a lot along Marshall Street in Wheat Ridge. The site is configured to support a professional office or service-based operation, with space that can be adapted for independent companies with a dedicated work area. The property currently has two small tenants on a month-to-month structure, and each office is independently owned and operated.
Positioned in the heart of Wheat Ridge, the property benefits from convenient access for employees and customers traveling from Wheat Ridge, Arvada, Lakewood, and Downtown Denver. Surrounding development includes established residential and neighborhood-serving commercial uses, which helps support day-to-day business activity along the corridor.
For owner-users, this offering provides the ability to purchase and control real estate rather than renewing lease arrangements. Existing tenancy on a month-to-month basis may also appeal to buyers seeking a straightforward way to hold income while evaluating long-term plans. The remarks also note the possibility of a re-development and value-add process, which may be of interest for operators considering future site improvements. Overall, it is a practical option for professional users and service providers looking for a West Denver metro presence with convenient access to the broader Denver area.
Positioned in the heart of Wheat Ridge, the property benefits from convenient access for employees and customers traveling from Wheat Ridge, Arvada, Lakewood, and Downtown Denver. Surrounding development includes established residential and neighborhood-serving commercial uses, which helps support day-to-day business activity along the corridor.
For owner-users, this offering provides the ability to purchase and control real estate rather than renewing lease arrangements. Existing tenancy on a month-to-month basis may also appeal to buyers seeking a straightforward way to hold income while evaluating long-term plans. The remarks also note the possibility of a re-development and value-add process, which may be of interest for operators considering future site improvements. Overall, it is a practical option for professional users and service providers looking for a West Denver metro presence with convenient access to the broader Denver area.
Key Highlights
- 3798 Marshall Street, Wheat Ridge, CO 80033—well‑located commercial office property on Marshall Street
- Year built 1973
- Income from 2 small tenants on a month‑to‑month (MTM) structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,434
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,708,680
$2.7M
Cap Rate 7%
$1,934,771
$1.9M
Cap Rate 9%
$1,504,822
$1.5M
Market Conditions
NOI Build-Up for 10,050 SF
Gross rent
$203.8K $20.28/SF
− Vacancy
−$23.2K −$2.31/SF
EGI
$180.6K $17.97/SF
− OpEx
−$45.1K −$4.49/SF
NOI
$135.4K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,708,680
Cap Rate 7%
$1,934,771
Cap Rate 9%
$1,504,822
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.26M
NOI $135,434 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.24M
NOI $194,558 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Jefferson County, CO
Properties on Market for Office Units in Jefferson County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Well-located Wheat Ridge office property with two month-to-month tenants and independently owned office units.
Where is this office unit located?
The property is located at 3798 Marshall Street Wheat Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3798 Marshall Street, Wheat Ridge, CO 80033—well‑located commercial office property on Marshall Street; Year built 1973; Income from 2 small tenants on a month‑to‑month (MTM) structure
