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    5592 Independence St Arvada, CO 80002

    For Sale
    $7,300,000

    Turnkey facility, 34,231 SF, 3.31 acres.

    Property size:
    34,231 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 34,231 square foot facility, situated on a spacious 3.31-acre lot in Arvada, Colorado's Jefferson County (zip code 80002), presents a unique investment opportunity. Currently configured as a turnkey school, this property is zoned R6 Commercial - General w/ E Occupancy, making it suitable for a variety of uses, including religious institutions or higher education. Built in 1965 and extensively renovated in 2023 with approximately $3.7 million in improvements, the building boasts two stories and includes eight lower-level classrooms, five upper-level classrooms, and five administrative/counselor offices. A commercial kitchen, warming kitchen, and a large, gym-like multi-purpose room add to its versatility. The property also features ample outdoor space ideal for a playground or garden, and spectacular mountain views. Parking is abundant, with approximately 155 spaces available. Accessibility is ensured through ADA compliance, including an elevator and at-grade entrances on both levels. Significant upgrades during the 2023 renovation included major mechanical, electrical, and plumbing improvements, a new HVAC system, a completely new fire alarm and sprinkler system, and roof replacement within the last 10 years. The asking price is $7,300,000, translating to $213.26 per square foot. This property offers a rare combination of size, functionality, and recent upgrades, making it an attractive proposition for discerning buyers.

    Property Features for 5592 Independence St

    General Information

    Property type
    Schools
    Square Feet
    34,231 SF
    Lot Size
    144,184 SF

    Building Details

    Year Built/Renovated
    1965/2023
    Buildings
    1
    Stories
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Local Church Church Prospect Academy School All Precious Children ... Preschool

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.10393529512
    Latitude
    39.798290176692

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    FAQs

    What type of property is this?
    School - Turnkey facility, 34,231 SF, 3.31 acres.
    Where is this school located?
    The property is located at 5592 Independence St Arvada, CO.
    What is the asking price?
    The asking price for this property is $7,300,000.
    Request Owner's contact information
    5592 Independence St Arvada, CO 80002
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    Arvada, CO 80002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5592 Independence St Arvada, CO 80002
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