6175 38th Ave Wheat Ridge, CO 80033-5146
This 2,920 square foot freestanding building in Wheat Ridge, Colorado, presents a unique investment opportunity. Located on the bustling 38th Avenue corridor, this property boasts high visibility and easy accessibility. Currently configured as a daycare center, it features multiple versatile rooms on the ground floor and a partially finished basement office area. Ample parking is available both front and rear. A fully fenced playground is situated at the rear. Built in 1928, the single-story structure sits on a lot with a MU-N (Mixed Use Neighborhood) zoning designation, offering significant redevelopment potential for a variety of uses, including mixed-use projects combining residential and commercial elements. The property's address is 6175 W 38th Ave, Wheat Ridge, CO 80033, and the Jefferson County APN is 39-243-00-050. The asking price is $1,050,000. The net rentable square footage is 2,920. This presents a compelling opportunity for investors and businesses seeking a prime location in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.