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Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Retail space
16255 64th Ave Arvada, CO 80007-7400
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-2792786
Property summary
AI-generated overview
This exceptional 1,235 square foot office space is situated within the Shops at Westwood, a single-story retail center built in 2001, located at 16255 W 64th Ave, Arvada, CO 80007. The property boasts ample parking and convenient access via Quaker Street. The space is currently configured as an insurance office and features a sunny retail entrance. It's part of a larger 22,539 square foot building with a total of 11 suites, offering a flexible and adaptable layout. The minimum divisible space is 1,235 square feet, which is also the maximum contiguous space currently available. The lease terms are for 36 months or longer. The rental rate is $18.00 per square foot, triple net (NNN), resulting in a base rent of $1,853 per month. Common area maintenance (CAM) charges are $14.27 per square foot, totaling $1,468.62 per month. The total monthly rent, inclusive of base rent and CAM, is $3,321.62. The 2.16-acre lot provides ample space for the building and parking. The property is ready for occupancy on April 1, 2025. This is an excellent opportunity for a business seeking a well-located, move-in ready office space in a thriving Arvada location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
STEEL FRAME
Total area
22,858 SF
Lot
2.16 ac (94,002 SF)
APN
30-013-13-008
UPID
US13-2792786
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
Current use
Occupant on record · Public records
-
TIKKA MASALA INDIAN CUISINE Restaurant
-
Denver Locksmith (Mobile Service) - Arvada Locksmith
-
odyssey barbershop lounge Hair Salon Nail Salon
-
Big Daddy's Pizza Restaurant
-
Heaven Dragon Arvada Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.87M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$4.34M
Owner & transaction history
Brad Peterman · 12 yrs held
Brad Peterman
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arvada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arvada submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,270,000
6.5%
$4,865,000
7%
$4,520,000
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$190 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$125,960
Tax year 2023
Assessed value
$1,298,606
Assessed 2023
Previous assessed
$1,298,606
+0.0% YoY
Effective rate
9.70%
On assessed value
Assessed land
$327,832
Assessed improvement
$970,774
Land market value
$1,175,025
Improvement market value
$3,509,475
Total market value
$4,684,500
Applied tax rate
1,022.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Units
11
Total area
22,858 SF
Lot
2.16 ac (94,002 SF)
APN
30-013-13-008
UPID
US13-2792786
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
11
Lot
2.16 ac
Current owner
From public records · entity-resolved
Brad Peterman
Individual
Mailing address
5697 MCINTYRE ST, GOLDEN, CO 80403-7401
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2013
$3,800,000
Brad Peterman
Shops At Westwood LLC
Special Warranty Deed
$2,470,000 · Firstbank
Jun 6, 2013
$2,150,000
Shops At Westwood LLC
Iptv-b-l6-146 LLC
Grant Deed
$1,889,169 · Steele Street State Bank
Feb 7, 2011
$1,381,518
Westwood Colorado LLC
Deputy Public Te Of Jefferson Cnt
Certificate Of Purchase
$3,050,000
Nov 21, 2005
$5,000,300
Jmw Westwood LLC
Westwood Colorado LLC
Special Warranty Deed
$3,050,000 · Wells Fargo Bank NA
Sep 5, 2003
$3,900,000
Westwood Colorado LLC
Shops At Westwoods Ranch Ll
Grant Deed
related
$3,050,000 · Artesia Mortgage Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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