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10355 62nd Pl Arvada, CO 80004-4816

OFF-MARKET Car washes Google Maps
2,124 SF 0.38 ac lot Built 1965
Entity Owned 7-yr Hold Free & Clear
Estimated value (blended)
$415k
Range $374k – $457k (±10%)
Property ID US13-0287635

Property summary

AI-generated overview

This exceptional turnkey car wash opportunity in Arvada, Colorado, presents a compelling investment prospect. Located at 10355 W 62nd Pl, Arvada, CO 80004, this 16,596 square foot property sits on a 0.381-acre lot (APN 39-091-00-007) and is zoned MX-N (Arvada), allowing for multiple uses beyond its current configuration. Built in 1965 and renovated in 1999, the property boasts 100% occupancy with a gross lease. The asking price is $745,000 ($44.89/sq ft). The car wash itself features four self-service bays, four Super-Vac cabin vacuums, waste bins, interior cleaner vending, and bill changers, accepting credit and debit cards. Minimal maintenance is required for the self-service bays. The property benefits from high traffic and a dense population in the thriving Arvada community, part of the Denver-Aurora-Lakewood Metropolitan Statistical Area. Other permitted uses under the current zoning include multifamily residential, restaurant, and office space. This presents a unique opportunity to acquire a profitable, established business with significant potential for future growth and diversification. The property's prime location and versatile zoning make it an attractive investment for both seasoned and emerging entrepreneurs. The property is currently operating under a single tenancy with no remaining lease term.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1965
Construction STEEL FRAME
Total area 2,124 SF
Lot 0.38 ac (16,596 SF)
APN 39-091-00-007
UPID US13-0287635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2013
$235,000
2010
Price N/A
2010
$208,410
1998
$165,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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