8-Bay Car
For Sale
$1,800,000
6800 W 44th Avenue, Wheat Ridge, CO 80033
Corner-site automotive property with R-C zoning and car-wash improvements.
Property Size3,475 SF
Days on Market27
Property Features for 6800 W 44th Avenue
General Information
Standard status
Active
Size
3,475 SF
Property subtype
Commercial
Zoning
R-C
Additional Details
Traffic Count
14,508 vehicles/day
Car Wash Bays
8
Taxes and HOA fees
Annual Taxes
$8,882
Building Details
Building Size
3,475 SF
Year Built
1981
Units
1
Listing Agency:
KELLER WILLIAMS AVENUES REALTY
(303) 717-9485
Listed By:
Chris Howard · License #FA.100073986
(303) 717-9485
Source:
Coloradopartners
Added: Aug 5
Changed: Aug 30
Last Checked: Aug 30 at 5:44PM
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 KELLER WILLIAMS AVENUES REALTY
Investment Insights
Based on property information with market context.
This car wash includes 8 bays and was built in 1981. The property occupies the corner of 44th Ave and Pierce St, providing a clearly defined commercial site for the existing automotive use.
R-C zoning is identified for the property, and the location records a traffic count of 14,508. The offering is positioned as a car wash property with established physical improvements and a prominent intersection setting.
R-C zoning is identified for the property, and the location records a traffic count of 14,508. The offering is positioned as a car wash property with established physical improvements and a prominent intersection setting.
Key Highlights
- 8‑bay car wash
- Built in 1981
- Corner location at 44th Ave and Pierce St
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,345,460
$1.3M
Cap Rate 7%
$961,043
$961.0K
Cap Rate 9%
$747,478
$747.5K
Market Conditions
NOI Build-Up for 3,475 SF
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.
Gross rent
$93.8K $27.00/SF
− Vacancy
−$4.1K −$1.19/SF
EGI
$89.7K $25.81/SF
− OpEx
−$22.4K −$6.45/SF
NOI
$67.3K $19.36/SF
Area
Jefferson County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,345,460
Cap Rate 7%
$961,043
Cap Rate 9%
$747,478
Alternative Uses
Best Use
Specialty Retail
$961.0K
$840.9K – $1.12M
NOI $67,273 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$792.9K
$693.8K – $925.1K
NOI $55,504 @ 7.0% cap · market cap 3.08%
Theoretical Best
Multifamily LT 5
$7.73M
$6.77M – $9.02M
NOI $541,319 @ 7.0% cap · market cap 30.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,508 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 52%
Shops & Services 48%
Ross Dress for Less
Apparel
26,440 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,750 visits/mo
0.5 miles
Arc Thrift Store
Apparel
6,640 visits/mo
0.5 miles
Discount Tire Store
Shops & Services
5,023 visits/mo
0.5 miles
Valero Energy
Shops & Services
3,084 visits/mo
0.1 miles
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Corner-site automotive property with R-C zoning and car-wash improvements.
Where is this car wash located?
The property is located at 6800 W 44th Avenue Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 8‑bay car wash; Built in 1981; Corner location at 44th Ave and Pierce St
