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    5890 44Th Ave Wheat Ridge, CO 80212

    Sponsored
    For Sale
    $2,400,000

    High-visibility retail investment

    Property size:
    10,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 10,320 square foot shopping center and storefront, located at 5890-5892 West 44th Avenue in Wheat Ridge, Colorado, presents a compelling owner-user or investment opportunity. Priced at $2,400,000 ($232.56/sq ft), the property boasts high visibility on 44th Avenue within a rapidly growing area. Built in 1961 and situated on a 24,390 square foot lot ($98/SF land value), the property features a multi-tenant setup with a mix of occupied and vacant space. Investors can potentially achieve a 7.9% cap rate by leasing the vacant space. Alternatively, an owner-user could occupy the vacant space while collecting rent from the existing tenant. Recent improvements include a new roof and AC unit installed in 2019. The property is zoned RC and enjoys convenient access to I-70 and Sheridan Boulevard, enhancing its appeal and potential for growth. This prime retail location offers significant upside for both investors and owner-occupiers seeking a strong foothold in the thriving Wheat Ridge market. The property's size and location make it an ideal opportunity for a variety of retail businesses. This is a rare chance to acquire a well-maintained retail property in a high-demand area.

    Property Features for 5890 44Th Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,320 SF

    Building Details

    Year Built
    1961

    HighLights

    • Owner‑user or investor opportunity.
    • 7.9% cap rate potential for investors; owner‑users can lease the vacant space.
    • High‑visibility retail space on 44th Avenue.
    • Excellent location in Wheat Ridge's high‑growth area.
    • New roof and AC in 2019.
    • Convenient access to I‑70 and Sheridan Boulevard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.0609928
    Latitude
    39.7761889

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    FAQs

    What type of property is this?
    Lifestyle center - High-visibility retail investment
    Where is this lifestyle center located?
    The property is located at 5890 44Th Ave Wheat Ridge, CO.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Owner-user or investor opportunity.; 7.9% cap rate potential for investors; owner-users can lease the vacant space.; High-visibility retail space on 44th Avenue.
    Request Owner's contact information
    5890 44Th Ave Wheat Ridge, CO 80212
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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
    5890 44Th Ave Wheat Ridge, CO 80212
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