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    4700 60th Ave Arvada, CO 80003-6927

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    4700 60th Ave Arvada, CO 80003-6927

    View on Map
    • Distribution centers
    • 15,000 SF
    • 1.36 lot acres
    Off-Market
    Property ID
    US13-1098353
    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
    $1,555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RJR Engineering, P.C. / Construction Company / General Contractor
    • DeCo Tint PPF Wrap / Interior Design / Auto Repair Shop
    • Mathews Family LLC / Medical Clinic
    • Tintamerica / Interior Design / Auto Repair Shop
    • AMP Motor Vehicles Inc / Car Dealership

    Property Details for 4700 60th Ave

    Year built
    1999
    Lot size
    1.36 lot acres
    Property size
    15,000 SF
    Property type
    Distribution centers
    APN
    R0124484
    APU
    R0124484

    Description

    This exceptional 15,300-square-foot flex industrial building presents a compelling investment or owner-user opportunity in Arvada, Colorado. Situated on a 1.36-acre lot, the property benefits from MX-T zoning, allowing for diverse business applications. Constructed in 1999, this single-story building features modern amenities, including recently completed upgrades such as new paint and asphalt overlay (2023). The high ceilings, ranging from 15'4" to 16'9", accommodate various industrial needs, complemented by robust 800A 3-phase 240V power. Efficient loading and distribution are facilitated by one dock-high door and three drive-in doors (11' W x 10' H). The property's four separately metered units generate existing income, making it particularly attractive for investors seeking a multi-tenant revenue stream. Additional features include floor drains and a location within an Enterprise Zone. The lease is a NNN lease, commencing January 1, 2019, and expiring December 31, 2025, with approximately 1.1 years remaining. This property offers a unique blend of functionality, modern upgrades, and income potential, making it an ideal choice for discerning buyers. The address is 4700 W 60th Ave, Arvada, CO 80003.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,974,000
      Market price range: $1.62M - $3.13M
      AI Estimate
      $1,277,000
      Market price range: $697k - $2.47M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,270,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Adams
    State
    Colorado
    Longitude
    -105.048
    Latitude
    39.8052
    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
    $79,786
    $123,960
    $522,870
    $646,830
    -
    $444,312
    $1,874,088
    $2,318,400

    Comparable in this City

    • Value Estimation
      $10,500,000
      133,972 SF

      5870 10th St

      DISTRIBUTION WAREHOUSE • 133,972 SF
      5870 10th St, Arvada, CO 80003-6903
      View Details
    • Value Estimation
      $1,560,000
      15,050 SF

      4600 60th Ave

      DISTRIBUTION WAREHOUSE • 15,050 SF
      4600 60th Ave, Arvada, CO 80003-6911
      View Details
    • Value Estimation
      $2,215,000
      17,200 SF

      5950 Sheridan Blvd

      DISTRIBUTION WAREHOUSE • 17,200 SF
      5950 Sheridan Blvd, Arvada, CO 80003-6923
      View Details
    • Value Estimation
      $2,475,000
      20,128 SF

      4800 60th Ave

      DISTRIBUTION WAREHOUSE • 20,128 SF
      4800 60th Ave, Arvada, CO 80003-6915
      View Details
    • Value Estimation
      $10,520,000
      73,437 SF

      5981 10th St

      DISTRIBUTION WAREHOUSE • 73,437 SF
      5981 10th St, Arvada, CO 80003-6904
      View Details
    • Value Estimation
      $1,470,000
      15,420 SF

      5849 10th St

      DISTRIBUTION WAREHOUSE • 15,420 SF
      5849 10th St, Arvada, CO 80003-6902
      View Details

    Similar Nearby for Sale

    • $6,799,000

      Fully Occupied Industrial Asset

      Multi-tenant industrial property with long-term leases and solar panels.
      5550 W 60Th Ave, Arvada, CO 80003
      View Details
    • Contact for pricing

      Arvada Land Zoned A-1

      3.913 acres of land for sale in Arvada, Colorado.
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      Arvada Multifamily Property Sold

      29-unit multifamily property in Arvada, Colorado.
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    • Contact for pricing

      Arvada Land For Sale

      Land available for sale in Arvada, Colorado.
      5495 W 60Th Ave, Arvada, CO 80003
      View Details
    • Contact for pricing
      39,210 SF

      Arvada Development Site For Sale

      Prime commercial land for development with easy highway access.
      6280 Benton St, Arvada, CO 80003
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    • $1,500,000
      2.48 Acres

      Arvada Land Parcel For Sale

      Eight residential building lots available in Arvada, Colorado.
      5701 W 60Th Ave, Arvada, CO 80003
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      24,000 SF

      Arvada Warehouse with Fenced Yard

      Warehouse, office, and fenced yard space available for lease.
      5920 Lamar St, Arvada, CO 80003
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    • Contact for pricing
      4,681 SF

      West Denver Warehouse Unit

      Warehouse with secured yard area and new office finish.
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    • Contact for pricing
      3,800 SF

      Arvada Industrial Space Available

      Industrial property in Arvada available for rent January 1st.
      5880 W 59Th Ave, Arvada, CO 80003
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Safeway Center

      Retail spaces available in Safeway anchored shopping center.
      7503-7527 W 80Th Ave, Arvada, CO 80003
      View Details
    • $25 SF/Yr
      2,034 SF

      Arvada Retail Space Available

      Retail space available for lease in Arvada, Colorado.
      6618-6680 Wadsworth Blvd, Arvada, CO 80003
      View Details
    • Contact for pricing

      Arvada Neighborhood Shopping Center Space

      Neighborhood shopping center retail space available for lease.
      7815 Wadsworth Blvd, Arvada, CO 80003
      View Details
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    Arvada, CO 80003-6927
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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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