Mixed-Use Property Near Olde
5723 Zephyr Street Arvada, CO 80002
5723 Zephyr Street, Arvada, CO, 80002
$640,000
For Sale
$640,000
Work-live property with commercial and residential possibilities near Olde Town.
Property Size2,199 SF
Price / SF$291.04
Days on Market412
Property Features for 5723 Zephyr Street
General Information
- Standard status
- Active
- Size
- 2,199 SF
Building Details
- Year Built
- 1929
Listing Agency
HOMESMART REALTY
(303) 506-3600
Listed by
RICKY HARR · License #000273771
Source
Corcoran
Added: Jun 5, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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 HOMESMART REALTY
Investment Insights
Based on property information with market context.
This mixed-use commercial property is located within walking distance of Olde Town Arvada, situated on the corner of Zephyr and Ralston. Zoned for mixed-use, the property offers commercial and residential possibilities. The upper level features multiple entrances, including access from the west side parking area, the main sidewalk off Ralston, and the east side off Zephyr. Inside, there is a bright and open layout featuring an entry room on the east side that opens to a large living room/open area, a dining area or front desk space, and a small kitchen equipped with a gas stove, full refrigerator, dishwasher, kitchen sink, and countertop space. Behind the kitchen is a full bathroom with a tub and two large bedrooms, one with a large walk-in closet; these rooms could also serve as office spaces. The lower level, accessible from the upper level and also with exterior access from the west side and parking area, features a living room-type space, a large full kitchen, and a bonus room with a closet (but no window, so it is not currently set up as a bedroom), and a ¾ bathroom. Both spaces can be used as-is or built out to suit. Current zoning allows for a business, a residence, or a mixture of both. The dwelling features a newer roof, fresh interior paint, and recent maintenance work. The property size is 2199 square feet.
Key Highlights
- Prime location within walking distance to Olde Town Arvada.
- Mixed‑use zoning offers endless commercial and residential possibilities.
- Multiple entrance options on the upper level provide flexible access.
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 | $47.5k | $21.60 |
| − Vacancy | −$4.0k | −$1.84 |
| EGI | $43.5k | $19.76 |
| − OpEx | −$13.0k | −$5.93 |
| NOI | $30.4k | $13.83 |
2,199 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$434.6K
$380.3K – $507.1K
NOI $30,423 @ 7.0% cap · market cap 4.75%
Second Best
Mixed Use
$428.8K
$375.2K – $500.3K
NOI $30,016 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$588.1K
$514.6K – $686.1K
NOI $41,165 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brady Emergency Furnace ...
HVAC Service
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FAQs
What type of property is this?
Mixed-use property - Work-live property with commercial and residential possibilities near Olde Town.
Where is this mixed-use property located?
The property is located at 5723 Zephyr Street Arvada, CO.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Prime location within walking distance to Olde Town Arvada.; Mixed‑use zoning offers endless commercial and residential possibilities.; Multiple entrance options on the upper level provide flexible access.
