5500 & 5540 W 29th Avenue Wheat Ridge, CO 80214
Mixed-use property with retail and residential units in Wheat Ridge.
Property Features for 5500 & 5540 W 29th Avenue
General Information
- Standard status
- Active
- Size
- 4,791 SF
- Property subtype
- Retail, Residential
Building Details
- Year Built
- 1900
Listing office Pinnacle Real Estate Advisors (207) 776-0232
Listing date Nov 21, 2025
Source Pinnaclerea
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Investment Insights
Based on property information with market context.
Key Highlights
- Three retail units and one residential unit offer diverse income streams and usage possibilities.
- New TPO roof ensures long‑term protection and reduces maintenance costs.
- Abundant street parking is a significant advantage in a submarket with limited retail options.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.6k | $24.12 |
| − Vacancy | −$6.2k | −$1.30 |
| EGI | $109.3k | $22.82 |
| − OpEx | −$32.8k | −$6.85 |
| NOI | $76.5k | $15.97 |
