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    Property profile & analytics

    10040 38Th Ave Wheat Ridge, CO 80033

    • Retail space
    • 5,759 SF
    • 0.63 lot acres
    For Lease
    View listing
    Value Estimation
    $3,160,000
    Last Sale
    Jul 21, 2022
    $3,228,600
    Location Intelligence
    Property ID
    US13-1781427
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 10040 38Th Ave

    Year built
    2022
    Lot size
    0.63 lot acres
    Property size
    5,759 SF
    Property type
    Retail space
    APN
    39-281-12-021
    APU
    3928112021

    Description

    Kipling Ridge offers 5,770 square feet of brand-new Class A retail space, ideally situated in a high-traffic location. This single-story building, constructed in 2022, boasts excellent visibility directly in front of a Sprouts Farmers Market, ensuring high foot traffic and brand recognition. The property features a total of 29 parking spaces for customer convenience. Monument signage is available, providing exceptional branding opportunities for tenants. The building is divisible into four individual suites, with a minimum leasable space of 1,400 square feet and a maximum contiguous space of 5,770 square feet, offering flexibility to accommodate various business needs. Currently, there is no vacant space. This exceptional retail center is strategically located next to a Starbucks and a new 64-unit assisted living facility, creating a synergistic environment and attracting a diverse customer base. The 0.63-acre lot provides ample space and ensures easy access for customers and deliveries. This is a rare opportunity to secure prime retail space in a thriving, newly developed area. The property offers a unique blend of convenience, visibility, and accessibility, making it an ideal location for a variety of retail businesses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,065,000
      6.5%
      $3,000,000
      7%
      $2,980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,660,000
      Geo Method
      $2,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,700,000
      Retail
      $3,590,000
      Mixed-Use
      $3,345,000
      Hospitality
      $2,695,000
      Educational
      $2,880,000
      Residential Income
      $3,090,000
      Energy
      $2,715,000
      Income-Based Land
      $3,515,000
      Food Service
      $3,665,000

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.111
    Latitude
    39.7689
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,755
    $179,779
    $343,023
    $522,802
    -
    $644,370
    $1,259,472
    $1,903,842

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      5010 Kipling St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      5010 Kipling St, Wheat Ridge, CO 80033-2250
      View Details
    • Value Estimation
      $920,000
      4,280 SF

      5145 Kipling St

      RETAIL STORES (PERSONAL SERVICES) • 4,280 SF
      5145 Kipling St, Wheat Ridge, CO 80033-2342
      View Details
    • Value Estimation
      $1,835,000
      3,895 SF

      4800 Lamar St

      RETAIL STORES (PERSONAL SERVICES) • 3,895 SF
      4800 Lamar St, Wheat Ridge, CO 80033-3682
      View Details
    • Value Estimation
      $105,000
      2,000 SF

      4175 Wadsworth Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      4175 Wadsworth Blvd, Wheat Ridge, CO 80033-4618
      View Details
    • Value Estimation by Request
      1,014 SF

      6785 38th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,014 SF
      6785 38th Ave, Wheat Ridge, CO 80033-4907
      View Details
    • Value Estimation by Request
      2,025 SF

      6700 38th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,025 SF
      6700 38th Ave, Wheat Ridge, CO 80033-4908
      View Details

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    Similar Nearby for Lease

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      Retail Space in Lakewood Center

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      Retail Space Near Wadsworth Blvd

      Retail space for rent with ample parking and great visibility.
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      Retail Space in Wheat Ridge

      Retail space available for rent in Wheat Ridge, Colorado.
      3795 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
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    10040 38Th Ave
    Wheat Ridge, CO 80033
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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
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