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    9812 60Th Ave Arvada, CO 80004
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    9812 60Th Ave, Arvada, CO 80004

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    • Retail properties & Spaces

    Property Details for 9812 60Th Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This 900-square-foot retail storefront is ideally situated at 9812 W 60th Avenue in Arvada, Colorado, zip code 80004. The single-tenant space boasts a desirable location within a shopping center, sharing proximity with established businesses like Monterrey House and Sunshine Cleaners. The unit's layout includes two rooms: a front retail area and a rear office/storage space. Additional features include a private restroom, a storage closet, and convenient alley access. While the unit is equipped with a heater, it does not have air conditioning

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.108
    Latitude
    39.8057

    Comparable in this City

    • Value Estimation by Request
      12,258 SF

      9810 59Th Pl

      Individual retail properties
      9810 59Th Pl, Arvada, CO 80004
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    • Value Estimation by Request
      1,392 SF

      9625 Ralston Rd

      RETAIL STORES (PERSONAL SERVICES)
      9625 Ralston Rd, Arvada, CO 80004-5020
      View Details
    • Value Estimation
      $2,650,000
      12,073 SF

      9806 60th Ave

      RETAIL STORES (PERSONAL SERVICES)
      9806 60th Ave, Arvada, CO 80004-4948
      View Details
    • Value Estimation
      $1,545,000
      10,980 SF

      10370 64th Ave

      RETAIL STORES (PERSONAL SERVICES)
      10370 64th Ave, Arvada, CO 80004-4835
      View Details
    • Value Estimation
      $7,700,000
      57,325 SF

      11651 64th Ave

      RETAIL STORES (PERSONAL SERVICES)
      11651 64th Ave, Arvada, CO 80004-4323
      View Details
    • Value Estimation
      $880,000
      5,460 SF

      14455 64th Ave

      RETAIL STORES (PERSONAL SERVICES)
      14455 64th Ave, Arvada, CO 80004-3538
      View Details

    Similar Nearby for Sale

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      Arvada Restaurant Building For Sale

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      Arvada Apartment Building

      Eight-unit apartment building in Arvada, Colorado.
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      Arvada Apartment Building For Sale

      Apartment building in Arvada, Colorado available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      875 SF

      Arvada Retail/Flex Space Available

      3,000 SF retail/flex space in Arvada for lease.
      9806-9868 Ralston Rd, Arvada, CO 80004
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    • Contact for pricing
      2,038 SF

      Retail Space in Ralston Plaza

      Retail space available in Arvada's Ralston Plaza shopping center.
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    • Contact for pricing
      2,000 SF

      Retail Space in Ralston Plaza

      Retail space available in Ralston Plaza at 64th and Ward.
      6410-12379 Ward Rd, Arvada, CO 80004
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    • Contact for pricing
      1,050 SF

      Retail Space in King Soopers Center

      End-cap retail space with high visibility next to King Soopers.
      12304-12326 W 64 Loop, Arvada, CO 80004
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    • $25 SF/Yr

      Arvada Retail/Office Space Available

      Retail/office space with outside entrance and signage available in Arvada.
      9840 W 59Th Pl, Arvada, CO 80004
      View Details
    • Contact for pricing

      Arvada Office and Retail Space

      Office and retail suites available for lease in Arvada.
      5990 Kipling Pkwy, Arvada, CO 80004
      View Details
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    Arvada, CO 80004
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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