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    16255 64th Ave Arvada, CO 80007-7400

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    16255 64th Ave Arvada, CO 80007-7400

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    • Retail space
    • 22,858 SF
    • 2.16 lot acres
    Off-Market
    Property ID
    US13-2792786
    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.
    Value Estimations
    $4,340,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 16255 64th Ave

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    2.16 lot acres
    Property size
    22,858 SF
    Property type
    Retail space
    APN
    30-013-13-008
    APU
    3001313008

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,270,000
      6.5%
      $4,865,000
      7%
      $4,520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,780,000
      Market price range: $1.62M - $5.04M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.182
    Latitude
    39.8137
    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
    $125,960
    $327,832
    $970,774
    $1,298,606
    -
    $1,175,025
    $3,509,475
    $4,684,500

    Comparable in this City

    • Value Estimation
      $1,420,000
      7,639 SF

      14805 64th Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,639 SF
      14805 64th Ave, Arvada, CO 80007-0103
      View Details
    • Value Estimation
      $2,605,000
      12,186 SF

      18148 92nd Ln

      RETAIL STORES (PERSONAL SERVICES) • 12,186 SF
      18148 92nd Ln, Arvada, CO 80007-8157
      View Details
    • Value Estimation
      $2,255,000
      12,789 SF

      15177 Candelas Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 12,789 SF
      15177 Candelas Pkwy, Arvada, CO 80007-7843
      View Details
    • Value Estimation
      $11,580,000
      27,692 SF

      15000 64th Ave

      RETAIL STORES (PERSONAL SERVICES) • 27,692 SF
      15000 64th Ave, Arvada, CO 80007
      View Details
    • Value Estimation
      $1,840,000
      9,139 SF

      18068 92nd Ln

      RETAIL STORES (PERSONAL SERVICES) • 9,139 SF
      18068 92nd Ln, Arvada, CO 80007-8161
      View Details
    • Value Estimation
      $1,165,000
      7,270 SF

      14947 Candelas Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 7,270 SF
      14947 Candelas Pkwy, Arvada, CO 80007-7792
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Arvada Retail Space Available

      Retail space available for rent in Arvada, Colorado.
      80007 Usa, Arvada, CO 80007
      View Details
    • $380,000

      Arvada Lot with Architectural Designs

      Lot in vibrant Arvada community with architectural designs included.
      15007 W 68Th Pl, Arvada, CO 80007
      View Details
    • $4,000,000

      Arvada Development Opportunity: 9.22 Acres

      9.22 acres near Indiana St & Highway 72 in Arvada.
      8661 Indiana St, Arvada, CO 80007
      View Details
    • Contact for pricing

      Commercial Land Available

      Land available for lease, build-to-suit, or sale.
      90th Ave & Indiana St, Arvada, CO 80007
      View Details
    • Contact for pricing
      Pending

      Modern Townhome in Candelas

      Low-maintenance townhome in Arvada's vibrant Candelas master-planned community.
      9284 Gore St, Arvada, CO 80007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Arvada Retail Space Available

      Retail space for rent in Arvada, Colorado.
      9275 Yucca Ln, Arvada, CO 80007
      View Details
    • Contact for pricing
      183,185 SF

      Arvada Industrial Development Opportunity

      New industrial development in Arvada at Highway 93 and 72.
      19700 Colorado 72, Arvada, CO 80007
      View Details
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    Arvada, CO 80007-7400
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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