Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3885 Upham St Wheat Ridge, CO 80033

    For Sale
    $3,295,000

    Prime Medical Office Building, Colorado

    Property size:
    34,935 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 34,935-square-foot medical office building situated on a 1.47-acre lot in Wheat Ridge, Colorado. The property, built in 1979, offers 29,046 square feet of rentable space, boasting 11,645-square-foot floor plates, including a basement. With 143 parking spaces (a 4.21/1,000 ratio), ample parking is available for tenants and visitors. Currently operating at 56.2% occupancy, this multi-tenant building presents a strong owner-user potential or a value-add opportunity. The asking price is $3,295,000, translating to $94.32 per square foot. The property's pro-forma net operating income (NOI) is $257,546, yielding a 7.82% pro-forma capitalization rate. Its central location near the intersection of 38th Avenue and Wadsworth Boulevard offers excellent visibility and accessibility. The property's proximity to the Lutheran Legacy Campus Master Plan Redevelopment project at 8300 W 38th Avenue further enhances its long-term value and potential. The address is 3885 Upham St, Wheat Ridge, CO 80033. This is a rare chance to acquire a well-positioned medical office complex in a thriving Colorado community.

    Property Features for 3885 Upham St

    General Information

    Property type
    Medical offices
    Square Feet
    34,935 SF
    Lot Size
    64,033 SF

    Building Details

    Year Built
    1979

    HighLights

    • 34,935 square foot medical office building.
    • 29,046 rentable square feet.
    • 11,645 square foot floor plates, including basement.
    • 1.47‑acre lot (64,033 square feet).
    • 143 parking spaces (4.21/1,000 ratio).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.0785595
    Latitude
    39.7710332

    Nearby Similar for Sale

    • $3,500,000
      24,138 SF

      Wheat Ridge Office Building For Sale

      Income-producing office building or redevelopment opportunity in Wheat Ridge, Colorado.
      4485 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • $299,900

      Charming Home in Garrison Lakes

      2-bedroom, 1-bathroom home in Wheat Ridge's Garrison Lakes Community.
      4921 Garrison St, Wheat Ridge, CO 80033
      View Details
    • $4,800,000
      38,114 SF

      Wheat Ridge Office/Warehouse Opportunity

      38,114 SF office, light industrial and warehouse facility for sale.
      4725 Independence St, Wheat Ridge, CO 80033
      View Details
    • $1,285,000
      4,795 SF

      Wheat Ridge Dispensary Opportunity

      Freestanding retail building with dispensary license for sale.
      10030 W 27 Ave, Wheat Ridge, CO
      View Details
    • $1,975,000
      6,535 SF

      Renovated Multifamily Property with Upside

      Renovated multifamily property near Discovery Park with strong income potential.
      10717 W 38Th Ave, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      5,099 SF

      Wheat Ridge Multifamily and Storage

      Single-family home, duplexes, and mini-storage on a large lot.
      3839 Reed St, Wheat Ridge, CO 80033
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Building, Colorado
    Where is this medical office located?
    The property is located at 3885 Upham St Wheat Ridge, CO.
    What is the asking price?
    The asking price for this property is $3,295,000.
    What are key features of this property?
    This property features: 34,935 square foot medical office building.; 29,046 rentable square feet.; 11,645 square foot floor plates, including basement.
    Request Owner's contact information
    3885 Upham St Wheat Ridge, CO 80033
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3885 Upham St
    Wheat Ridge, CO 80033
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3885 Upham St Wheat Ridge, CO 80033
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.