Corner Lot Multifamily
5562 Newland Way Arvada, CO 80002
New
For Sale
$1,335,000
Multifamily property on a 0.35-acre corner lot with private parking and on-site coinless laundry.
Lot Size0.35 Acres
Days on Market3
Property Features for 5562 Newland Way
General Information
Standard status
Active
Lot size
0.35 Acres
Property subtype
Commercial
Building Details
Year Built
1971
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9567
Listed By:
Connor Knutson
(303) 962-9567
Source:
Coloradopartners
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 8:37AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This multifamily property offers a corner-lot setting on approximately 0.35 acres, with mature landscaping and a sprinkler system. Updates include a newer boiler, newer windows, and recently updated kitchens and bathrooms. The building includes an on-site coinless washer and dryer setup, with room to add additional machines, and a private parking lot with ample parking spaces.
The property is listed as being about half a mile from Olde Town Arvada Light Rail Station and Olde Town Arvada, as well as major retail. Access is described as quick to Wadsworth Blvd, I-70, and I-76.
The offering is presented as a turn-key opportunity, and the public remarks note a current 6.25% CAP rate and a $25,000 price reduction.
The property is listed as being about half a mile from Olde Town Arvada Light Rail Station and Olde Town Arvada, as well as major retail. Access is described as quick to Wadsworth Blvd, I-70, and I-76.
The offering is presented as a turn-key opportunity, and the public remarks note a current 6.25% CAP rate and a $25,000 price reduction.
Key Highlights
- 1971‑built multifamily property on a 0.35‑acre corner lot with mature landscaping and sprinkler system
- Newer boiler and newer windows
- Recently updated kitchens and bathrooms
Financial Insights For Apartment 5plus
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 | $118.0k | $23.28 |
| − Vacancy | −$8.8k | −$1.75 |
| EGI | $109.1k | $21.53 |
| − OpEx | −$49.1k | −$9.69 |
| NOI | $60.0k | $11.84 |
5,068 SF · lease $23.28/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$857.5K
$750.3K – $1.00M
NOI $60,024 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,873 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property on a 0.35-acre corner lot with private parking and on-site coinless laundry.
Where is this apartment building located?
The property is located at 5562 Newland Way Arvada, CO.
What is the asking price?
The asking price for this property is $1,335,000.
What are key features of this property?
This property features: 1971‑built multifamily property on a 0.35‑acre corner lot with mature landscaping and sprinkler system; Newer boiler and newer windows; Recently updated kitchens and bathrooms
