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    9945-9955 W 59Th Pl Arvada, CO 80004

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    For Sale
    $1,550,000

    Multifamily property with condo conversion potential in Arvada, Colorado.

    Property size:
    7,232 SF
    Lot size:
    0.44 Acres

    Property Features for 9945-9955 W 59Th Pl

    General Information

    Standard status
    Active
    Size
    7,232 SF
    Lot size
    0.44 Acres

    Building Details

    Year built
    1958

    Source: PINNACLE REAL ESTATE ADVISORS Agent JOSH NEWELL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Arvada Multifamily Condo Conversion Opportunity

    This multifamily property in Arvada presents a condo conversion opportunity with individually deeded units. The property features large two-bedroom and three-bedroom units. Recent capital improvements include a new roof, windows, boiler, and hot water heaters. The majority of the units have been renovated. The surrounding neighborhood has excellent demographics, with an average household income of $98,000 within one mile. The property is located just one mile from the Arvada Ridge Light Rail Station. Residents can easily walk to parks, restaurants, retail options, public transportation, and places of employment. There is quick access to Kipling Parkway, I-70, Downtown Denver, and the Rocky Mountains. The property has a total size of 7,232 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1082138
    Latitude
    39.8053187

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with condo conversion potential in Arvada, Colorado.
    Where is this apartment building located?
    The property is located at 9945-9955 W 59Th Pl Arvada, CO.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Condo Conversion Opportunity: Individually deeded units present a significant value-add potential.; - Recently Renovated: Recent capital improvements include roof, windows, boiler, hot water heaters, and renovated units.; - Large Units: All units are spacious 2-bedroom or 3-bedroom configurations.
    (303) 962-9555
    Request Owner's contact information
    9945-9955 W 59Th Pl Arvada, CO 80004
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    Arvada, CO 80004
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    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
    9945-9955 W 59Th Pl Arvada, CO 80004
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