Redevelopment Opportunity in Wheat
9500 W 44th Ave Wheat Ridge, CO 80033
9500 W 44th Ave, Wheat Ridge, CO, 80033
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For Sale
Contact for pricing
High-visibility site suitable for redevelopment or continued car wash use.
Property Size2,262 SF
Price / SF$437.67
Days on Market1287
Property Features for 9500 W 44th Ave
General Information
- Standard status
- Active
- Size
- 2,262 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing Agency
Transworld Commercial Real Estate
(720) 909-8557
Listed by
Phil Kubat · License #CO ER100016698
Source
Crexi
Added: Jan 7, 2023 Checked: Jul 15 at 11:13 am
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
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.1k | $27.00 |
| − Vacancy | −$2.7k | −$1.19 |
| EGI | $58.4k | $25.81 |
| − OpEx | −$14.6k | −$6.45 |
| NOI | $43.8k | $19.36 |
2,262 SF · lease $27.00/SF/yr · vacancy 4.40% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self service car ...
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FAQs
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.
