Modern Three-Bedroom
For Sale
$545,000
5348 Routt St B, Arvada, CO 80002
Recently built residence with an open interior, attached garage, covered porch, and direct access to neighborhood green space.
Property Size1,475 SF
Days on Market39
Property Features for 5348 Routt St B
General Information
Standard status
Active
Size
1,475 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,905
Building Details
Building Size
1,475 SF
Year Built
2024
Listing Agency:
LPT Realty
Listed By:
Lindsey Miller Talafuse
(303) 250-0078
Source:
Corken
Added: Aug 6
Changed: Sep 10
Last Checked: Sep 13 at 12:13PM
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 LPT Realty
Investment Insights
Based on property information with market context.
Built in 2024, this three-bedroom, three-bath townhome offers a two-level layout with tall ceilings and plentiful daylight. The main floor combines living and dining areas with luxury vinyl plank flooring and a white kitchen equipped with stainless steel appliances, a center island with seating, and substantial cabinetry. A covered side porch extends the living area, while the attached two-car garage provides direct entry. All bedrooms are located upstairs, including a primary suite with a double-vanity bathroom, two additional bedrooms, a shared full bath, and a separate laundry room.
A neighborhood park, playground, and open green space are located immediately outside the home. The RTD G Line station is within walking distance, with I-70, Highway 58, and Wadsworth Boulevard providing regional access. Historic Olde Town Arvada, Ralston Central Park, Van Bibber Open Space, and nearby retail and dining are also within the surrounding area.
A neighborhood park, playground, and open green space are located immediately outside the home. The RTD G Line station is within walking distance, with I-70, Highway 58, and Wadsworth Boulevard providing regional access. Historic Olde Town Arvada, Ralston Central Park, Van Bibber Open Space, and nearby retail and dining are also within the surrounding area.
Key Highlights
- Three‑bedroom, three‑bath townhome built in 2024
- Open main‑level living and dining areas with luxury vinyl plank flooring
- Kitchen includes stainless steel appliances, center island, and extensive cabinetry
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
$17,469
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
3.21%
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%
$349,380
$349.4K
Cap Rate 7%
$249,557
$249.6K
Cap Rate 9%
$194,100
$194.1K
Market Conditions
NOI Build-Up for 1,475 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
$34.3K $23.28/SF
− Vacancy
−$2.6K −$1.75/SF
EGI
$31.8K $21.53/SF
− OpEx
−$14.3K −$9.69/SF
NOI
$17.5K $11.84/SF
Area
Arvada, CO
Vacancy
7.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$349,380
Cap Rate 7%
$249,557
Cap Rate 9%
$194,100
Alternative Uses
Best Use
Apartment 5plus
$249.6K
$218.4K – $291.2K
NOI $17,469 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.5K
$345.2K – $460.2K
NOI $27,612 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Recently built residence with an open interior, attached garage, covered porch, and direct access to neighborhood green space.
Where is this residential income property located?
The property is located at 5348 Routt St B Arvada, CO.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Three‑bedroom, three‑bath townhome built in 2024; Open main‑level living and dining areas with luxury vinyl plank flooring; Kitchen includes stainless steel appliances, center island, and extensive cabinetry
