Mixed-Use Property Near Olde
For Sale
$640,000
5723 Zephyr Street, Arvada, CO 80002
Work-live property with commercial and residential possibilities near Olde Town.
Property Size2,199 SF
Price / SF$291.04
Days on Market489
Property Features for 5723 Zephyr Street
General Information
Standard status
Active
Size
2,199 SF
Taxes and HOA fees
Annual Taxes
$11,670
Building Details
Year Built
1929
Listing Agency:
HOMESMART REALTY
Listed By:
RICKY HARR · License #000273771
(303) 506-3600
Source:
Corcoran
Added: Jun 5, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,423
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,460
$608.5K
Cap Rate 7%
$434,614
$434.6K
Cap Rate 9%
$338,033
$338.0K
Market Conditions
NOI Build-Up for 2,199 SF
Gross rent
$47.5K $21.60/SF
− Vacancy
−$4.0K −$1.84/SF
EGI
$43.5K $19.76/SF
− OpEx
−$13.0K −$5.93/SF
NOI
$30.4K $13.83/SF
Area
Arvada, CO
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,460
Cap Rate 7%
$434,614
Cap Rate 9%
$338,033
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,426
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
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.
