Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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