Historic Mixed-Use Income
For Sale
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7207 Grandview Ave, Arvada, CO 80002
Mixed-use property with 12 residential units, two office suites, and eight storage units on a large lot.
Property Size5,661 SF
Price / SF$282.64
Days on Market213
Property Features for 7207 Grandview Ave
General Information
Standard status
Active
Size
5,661 SF
Property subtype
Multifamily
Net Operating Income
$115,473
Units
Multifamily Units
12
Office Units
2
Building Details
Year Built
1889
Units
14
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Joe Hornstein · License #CO CO
(720) 939-2943
Source:
Crexi
Added: Mar 25
Changed: Oct 6
Last Checked: Oct 23 at 3:27AM
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 NORTHPEAK Commercial Advisors
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Investment Insights
Based on property information with market context.
Grandview Manor, also known as the Wilson House, is a historic mixed-use income property built in 1889. The offering includes 12 residential units, two office suites, and eight storage units, all situated on a large lot. A distinctive side-by-side unit configuration in the back units contributes to the property’s character.
The building is located at 7207 Grandview Ave in Arvada, Colorado, and is described as serving as an eastern gateway into Olde Town along Grandview Avenue. The property sits directly across the street from the Olde Town Arvada G Line light rail station and is within walking distance of restaurants and boutiques.
This diversified setup combines residential income, office space, and storage units in one ownership, providing multiple income streams within a well-recognized, locally historic asset.
The building is located at 7207 Grandview Ave in Arvada, Colorado, and is described as serving as an eastern gateway into Olde Town along Grandview Avenue. The property sits directly across the street from the Olde Town Arvada G Line light rail station and is within walking distance of restaurants and boutiques.
This diversified setup combines residential income, office space, and storage units in one ownership, providing multiple income streams within a well-recognized, locally historic asset.
Key Highlights
- Built in 1889; historic “Wilson House” mixed‑use property at 7207 Grandview Ave in Arvada, CO.
- Includes 12 residential units plus 2 office suites and 8 storage units for a diversified income mix.
- Side‑by‑side unit configuration for the back units provides a distinctive layout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,442
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,548,840
$1.5M
Cap Rate 7%
$1,106,314
$1.1M
Cap Rate 9%
$860,467
$860.5K
Market Conditions
NOI Build-Up for 5,661 SF
Gross rent
$135.9K $24.00/SF
− Vacancy
−$32.6K −$5.76/SF
EGI
$103.3K $18.24/SF
− OpEx
−$25.8K −$4.56/SF
NOI
$77.4K $13.68/SF
Area
Arvada, CO
Vacancy
24.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,548,840
Cap Rate 7%
$1,106,314
Cap Rate 9%
$860,467
Alternative Uses
Best Use
Office B
$1.11M
$968.0K – $1.29M
NOI $77,442 @ 7.0% cap · market cap 4.84%
Second Best
Mixed Use
$1.10M
$965.9K – $1.29M
NOI $77,273 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,974 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
2
Office units
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use property with 12 residential units, two office suites, and eight storage units on a large lot.
Where is this apartment building located?
The property is located at 7207 Grandview Ave Arvada, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Built in 1889; historic “Wilson House” mixed‑use property at 7207 Grandview Ave in Arvada, CO.; Includes 12 residential units plus 2 office suites and 8 storage units for a diversified income mix.; Side‑by‑side unit configuration for the back units provides a distinctive layout.
