Redevelopment Opportunity in Wheat
For Sale
Contact for pricing
9500 W 44th Ave, Wheat Ridge, CO 80033
High-visibility site suitable for redevelopment or continued car wash use.
Property Size2,262 SF
Price / SF$437.67
Days on Market1378
Property Features for 9500 W 44th Ave
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Retail
Zoning
C-1
Lease Type
Gross
Building Details
Year Built
1984
Listing Agency:
Transworld Commercial Real Estate
Listed By:
Phil Kubat · License #CO ER100016698
(720) 909-8557
Source:
Crexi
Added: Jan 7, 2023
Changed: Oct 15
Last Checked: Oct 16 at 5:58AM
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 Transworld Commercial Real Estate
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Investment Insights
Based on property information with market context.
This property offers a redevelopment opportunity within a dense commercial corridor. Currently operating as a fully functional self-service car wash, the site is suitable for investors or developers looking to reposition the property for a variety of commercial uses. The property has flexible zoning that allows for multiple commercial use types, including auto repair or service, auto parts retail, banks or financial services, pharmacies or drug stores, sit-down or drive-thru restaurants (with a special use permit), medical or dental offices, liquor stores, florists, jewelry stores, vet clinics, or breweries. The location benefits from strong population density, favorable demographics, excellent daily traffic counts, and high visibility from main thoroughfares. Existing infrastructure includes 4 self-service car wash bays, 1 oversized RV or truck bay, 6 Super-Vac cabin vacuums, and interior cleaner vending and bill changers. The property contains 2262 square feet. The property is located in Wheat Ridge, Colorado.
Key Highlights
- High‑visibility location in a dense commercial corridor with excellent daily traffic counts.
- Flexible zoning allows for multiple high‑demand commercial uses.
- Redevelopment opportunity with potential for higher and better use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,790
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,800
$875.8K
Cap Rate 7%
$625,571
$625.6K
Cap Rate 9%
$486,556
$486.6K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$61.1K $27.00/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$58.4K $25.81/SF
− OpEx
−$14.6K −$6.45/SF
NOI
$43.8K $19.36/SF
Area
Jefferson County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,800
Cap Rate 7%
$625,571
Cap Rate 9%
$486,556
Alternative Uses
Best Use
Specialty Retail
$625.6K
$547.4K – $729.8K
NOI $43,790 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$516.1K
$451.6K – $602.2K
NOI $36,129 @ 7.0% cap · market cap 3.65%
Theoretical Best
Multifamily LT 5
$5.03M
$4.40M – $5.87M
NOI $352,364 @ 7.0% cap · market cap 35.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 42%
Hotels & Casinos 4%
Shell
Shops & Services
8,221 visits/mo
0.4 miles
Winchell's Donut House
Dining
6,525 visits/mo
0.4 miles
Dairy Queen
Dining
4,501 visits/mo
0.2 miles
Sinclair
Shops & Services
1,640 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
1,263 visits/mo
0.4 miles
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Self service car wash - High-visibility site suitable for redevelopment or continued car wash use.
Where is this self service car wash located?
The property is located at 9500 W 44th Ave Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: High‑visibility location in a dense commercial corridor with excellent daily traffic counts.; Flexible zoning allows for multiple high‑demand commercial uses.; Redevelopment opportunity with potential for higher and better use.
