Historic Mixed-Use Income
7207 Grandview Ave Arvada, CO 80002
7207 Grandview Ave, Arvada, CO, 80002
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For Sale
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Mixed-use property with 12 residential units, two office suites, and eight storage units on a large lot.
Property Size5,661 SF
Price / SF$353.29
Days on Market120
Property Features for 7207 Grandview Ave
General Information
- Standard status
- Active
- Size
- 5,661 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1889
Listing agency
NORTHPEAK Commercial Advisors
(720) 738-1944
Listed by
Scott Fetter · License #CO
Source
Crexi
Added: Mar 25 Updated: Jul 22 at 5:33AM Checked: Jul 22 at 5:33AM
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
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.
Local Financial Insights For Office B
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 | $135.9k | $24.00 |
| − Vacancy | −$32.6k | −$5.76 |
| EGI | $103.3k | $18.24 |
| − OpEx | −$25.8k | −$4.56 |
| NOI | $77.4k | $13.68 |
5,661 SF · lease $24.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$968.0K – $1.29M
NOI $77,442 @ 7.0% cap · market cap 3.87%
Second Best
Mixed Use
$1.10M
$965.9K – $1.29M
NOI $77,273 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,974 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grandview Manor Apartments
Apartment Building
R Sam Callender ...
Dental Office
Sarah Wartell, C-IAYT
Gym & Fitness Center
The Olde Town Arvada ...
Alternative Medicine Practice
Arvada Acupuncture & Holistic ...
Alternative Medicine Practice
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FAQs
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 $2,000,000.
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.
