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    Property profile & analytics

    3885 Upham St Wheat Ridge, CO 80033

    • Medical offices
    • 23,291 SF
    • 1.47 lot acres
    For Sale
    View listing
    $3,295,000
    Value Estimation
    Location Intelligence
    Property ID
    US13-1378186
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 3885 Upham St

    Year built
    1979
    Lot size
    1.47 lot acres
    Property size
    23,291 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    39-234-04-031
    APU
    3923404031

    Description

    This exceptional investment opportunity presents a 34,935-square-foot medical office building situated on a 1.47-acre lot in Wheat Ridge, Colorado. The property, built in 1979, offers 29,046 square feet of rentable space, boasting 11,645-square-foot floor plates, including a basement. With 143 parking spaces (a 4.21/1,000 ratio), ample parking is available for tenants and visitors. Currently operating at 56.2% occupancy, this multi-tenant building presents a strong owner-user potential or a value-add opportunity. The asking price is $3,295,000, translating to $94.32 per square foot. The property's pro-forma net operating income (NOI) is $257,546, yielding a 7.82% pro-forma capitalization rate. Its central location near the intersection of 38th Avenue and Wadsworth Boulevard offers excellent visibility and accessibility. The property's proximity to the Lutheran Legacy Campus Master Plan Redevelopment project at 8300 W 38th Avenue further enhances its long-term value and potential. The address is 3885 Upham St, Wheat Ridge, CO 80033. This is a rare chance to acquire a well-positioned medical office complex in a thriving Colorado community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $930,000
      6.5%
      $995,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $915,000
      Geo Method
      $860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,000,000
      Retail
      $830,000
      Mixed-Use
      $835,000
      Hospitality
      $1,050,000
      Educational
      $905,000
      Residential Income
      $985,000
      Energy
      $865,000
      Income-Based Land
      $995,000
      Food Service
      $995,000

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.079
    Latitude
    39.7709
    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
    $75,646
    $419,833
    $445,346
    $865,179
    -
    $1,504,776
    $1,626,224
    $3,131,000

    Comparable in this City

    • Value Estimation by Request
      51,786 SF

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    • Value Estimation
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      3805 Newland St

      MEDICAL BUILDING • 2,388 SF
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    • Value Estimation by Request
      48,348 SF

      3555 Lutheran Pkwy

      MEDICAL BUILDING • 48,348 SF
      3555 Lutheran Pkwy, Wheat Ridge, CO 80033-6021
      View Details
    • Value Estimation
      $520,000
      7,484 SF

      6920 38th Ave

      MEDICAL BUILDING • 7,484 SF
      6920 38th Ave, Wheat Ridge, CO 80033-4966
      View Details
    • Value Estimation
      $300,000
      6,895 SF

      7920 44th Ave

      MEDICAL BUILDING • 6,895 SF
      7920 44th Ave, Wheat Ridge, CO 80033-4506
      View Details
    • Value Estimation
      $3,290,000
      12,029 SF

      9830 I 70th Frontage S Rd

      MEDICAL BUILDING • 12,029 SF
      9830 I 70th Frontage S Rd, Wheat Ridge, CO 80033
      View Details

    Similar Nearby for Sale

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      Wheat Ridge Office Property

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    Similar Nearby for Lease

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    • Contact for pricing
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      Wheat Ridge Medical Office For Lease

      Prime Medical Office Space Available
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      View Details
    • Contact for pricing
      3,400 SF

      Retail, Restaurant, Office Space Available

      Retail, restaurant, office, and medical spaces available for lease.
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    • Contact for pricing
      36,775 SF

      Retail, Restaurant, Office Space Available

      Retail, restaurant, office, and medical spaces available for lease.
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    • Contact for pricing
      1,060 SF

      Medical Office in Wheat Ridge

      Former medical administrative office in established complex, easily accessible.
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      View Details
    • $15 SF/Yr
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      Wheat Ridge Commercial Space Available

      Functional office or retail building in high-traffic Wheat Ridge location.
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      View Details
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    3885 Upham St
    Wheat Ridge, CO 80033
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    Realmo Value Estimation

    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.

    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.

    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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