11602 64th Ave Arvada, CO 80004-4313
Property Lookup
Property profile & analytics
11602 64th Ave Arvada, CO 80004-4313
- Retail space
- 13,428 SF
- 1.79 lot acres
Property ID
US13-0814443
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.
Location Intelligence
Current Use by Public Records
- Cardtronics ATM / Atm
- BMO - ATM / Atm
- Western Union / Bank / Credit Union
- Jan Stengel / Pharmacy
- LibertyX Bitcoin ATM / Atm
Property Details for 11602 64th Ave
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 1.79 lot acres
- Property size
- 13,428 SF
- Property type
- Retail space
- APN
- 39-081-01-050
- APU
- 3908101050
Description
This exceptional investment opportunity presents a 13,501-square-foot Walgreens located at 11602 W 64th Ave, Arvada, CO 80004, in Jefferson County. The property sits on a 1.79-acre lot and boasts a 7.00% cap rate with a strong NOI of $337,525. The absolute NNN lease, with a corporate guarantee from Walgreens, commenced September 1, 2022, and extends to September 1, 2033, with a remaining term of 8.8 years. Rent increases of 5% every five years are built into the lease, including option periods, offering significant long-term growth potential. The property benefits from its strategic location on West 64th Avenue (23,279 vehicles per day), a major arterial road ensuring high visibility and accessibility. Arvada's affluent customer base, with an average household income of $116,086 within a 5-mile radius, contributes to the property's strong performance. The site is part of a vibrant retail corridor, surrounded by complementary businesses including grocery stores, restaurants, and other essential services, further enhancing foot traffic and cross-shopping opportunities. Nearby national retailers include McDonald's, Taco Bell, KFC, Burger King, and Sonic. This passive ownership opportunity requires no landlord responsibilities as the tenant covers all taxes, CAM, and insurance. The property was built in 1996 and enjoys 100% occupancy. This is a rare chance to acquire a high-performing, low-maintenance investment with a blue-chip tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $6,690,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,931,000
Market price range: $3.27M - $8.03M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,405,000 Current use
- COMMERCIAL (GENERAL)
- $6,545,000 Change: +21% Conversion: Easy
- AUTO REPAIR, GARAGE
- $6,515,000 Change: +21% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $6,190,000 Change: +15% Conversion: Moderate
- RESTAURANT
- $5,965,000 Change: +10% Conversion: Easy
- OFFICE BUILDING
- $5,155,000 Change: -5% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $4,675,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Arvada
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.129
- Latitude
- 39.8122
- 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
$86,401
$272,538
$618,231
$890,769
-
$976,838
$2,245,882
$3,222,720
