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Property profile & analytics
FOR LEASE
Retail space

10040 W 38Th Ave Wheat Ridge, CO 80033

5,759 SF 0.63 ac lot Built 2022
Entity Owned 4-yr Hold Free & Clear
Property ID
US13-1781427
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2022
Total area 5,759 SF
Lot 0.63 ac (27,420 SF)
APN 39-281-12-021
UPID US13-1781427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.22M
Owner & transaction history
East Geddes 2004 LLC · 4 yrs held
East Geddes 2004 LLC
since 2022
Last sale
$3.2M
3 recorded transactions
2022
$3.2M
2019
$700,000
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.4M +78.3%
Auto repair, garage $2.3M +74.6%
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More about this property
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