Building Details

Year Built 2002

Buildings 1

Tenancy Single

Listing Agency: Malman Real Estate

Listed By: Jake Malman · License #100099297 Show Phone

Source: Crexi

Added: Apr 22 Changed: Oct 6 Last Checked: Oct 12 at 4:57PM

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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 Malman Real Estate

Investment Insights

Based on property information with market context.

This freestanding hospital property contains 8,195 SF of space configured for veterinary operations. The building was completed in 2002 and includes substantial improvements tailored to veterinary use, creating a specialized facility that can support continued medical occupancy. Its single-tenant layout offers a dedicated operating environment within a standalone building.

The property occupies a 0.97-acre parcel at 5736 Ward Way in Arvada, within the Northwest Denver submarket. Visibility along Ward Road and traffic counts exceeding 30,000 vehicles per day provide a prominent roadside setting. The property is zoned C1 and includes on-site parking, supporting convenient access for staff and visitors.

Key Highlights

• 8,195 SF freestanding veterinary hospital
• 0.97‑acre parcel at 5736 Ward Way, Arvada, CO 80002
• Single‑tenant configuration with veterinary‑specific improvements

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$116,828

Cap Rate

4.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,336,560 $2.3M

Cap Rate 7%

$1,668,971 $1.7M

Cap Rate 9%

$1,298,089 $1.3M

Market Conditions

NOI Build-Up for 8,195 SF

Gross rent

$216.3K $26.40/SF

− Vacancy

−$21.6K −$2.64/SF

EGI

$194.7K $23.76/SF

− OpEx

−$77.9K −$9.50/SF

NOI

$116.8K $14.26/SF

Area

Arvada, CO

Vacancy

10.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,336,560

Cap Rate 7%

$1,668,971

Cap Rate 9%

$1,298,089

Alternative Uses

Best Use

Healthcare Medical

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,828 @ 7.0% cap · market cap 4.49%

Second Best

Office B

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,108 @ 7.0% cap · market cap 4.31%

Theoretical Best

Office A

$2.19M

$1.92M – $2.56M (±1% cap)

NOI $153,410 @ 7.0% cap · market cap 5.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Banfield Pet Hospital Veterinary Clinic Portmann Ashley DVM Veterinary Clinic Carpenter, Scott, DVM ... Veterinary Clinic

Suggested Use

Top Pick Hair Salon Restaurant Nail Salon Parking Lot & Garage Law Firm Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

744

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this hospitals located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Hospital - Fully built-out veterinary facility with single-tenant configuration and medical-use improvements.

Where is this hospital located?

The property is located at 5736 Ward Way Arvada, CO.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: 8,195 SF freestanding veterinary hospital; 0.97‑acre parcel at 5736 Ward Way, Arvada, CO 80002; Single‑tenant configuration with veterinary‑specific improvements