Historic Mixed-Use Income
For Sale
Contact for pricing
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 Market167
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) 738-1944
Source:
Crexi
Added: Mar 25
Changed: Sep 4
Last Checked: Sep 7 at 7:00AM
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.
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
$77,442
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
4.84%
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%
$1,548,840
$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
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
$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 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%
$1,548,840
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,384
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
Questions? Ask Rey
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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.
