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    Property profile & analytics

    5091 Kipling St Wheat Ridge, CO 80033

    • Strip malls
    • 18,656 SF
    • 5.99 lot acres
    For Lease
    View listing
    Last Sale
    Nov 15, 2021
    $10,800,000
    Value Estimations
    $11,350,000
    Cap Rate Potential
    2.3%
    Strip malls
    Location Intelligence
    Property ID
    US13-1399034
    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

    • Strip malls

    Property Details for 5091 Kipling St

    Year built
    2005
    Lot size
    5.99 lot acres
    Property size
    18,656 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    39-164-06-022
    APU
    3916406022

    Description

    Arvada Ridge Market Place offers a unique opportunity to lease retail space within a thriving, nationally anchored shopping center. Built in 2005, this center comprises four single-story buildings totaling 35,582 square feet. Currently, one retail space of 3,600 square feet is available for lease. The center boasts a strong tenant mix, including a Super Target, AT&T, and Einstein Bros. Bagels, ensuring high foot traffic and visibility. Its strategic location, a half-mile from I-25, provides exceptional accessibility. Furthermore, the center benefits from its proximity to a significant residential population, with a 674-unit apartment complex directly adjacent, and a convenient light rail stop nearby. This combination of national anchors, high visibility, and excellent accessibility makes Arvada Ridge Market Place an ideal location for businesses seeking to establish or expand their presence in a rapidly growing area. The property's multiple-tenancy structure offers a diverse and vibrant shopping environment, attracting a wide range of customers. This prime retail space presents a compelling investment opportunity for businesses looking to capitalize on a strong existing tenant base and a highly desirable location. The single-story building design offers ease of access and ample parking for customers. The available space is well-suited for a variety of retail uses, providing flexibility for potential tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,000,000
      ML approach
      $9,860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,400,000
      Market price range: $3.30M - $9.40M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,630,000
      AUTO REPAIR, GARAGE
      $7,470,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.112
    Latitude
    39.7896
    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
    $319,626
    $910,021
    $2,005,082
    $2,915,103
    -
    $3,261,725
    $7,216,675
    $10,478,400

    Comparable in this City

    • Value Estimation
      $1,080,000
      125,884 SF

      3600 Youngfield St

      SHOPPING CENTER, STRIP CENTER • 125,884 SF
      3600 Youngfield St, Wheat Ridge, CO 80033-5200
      View Details
    • Value Estimation
      $875,000
      55,023 SF

      3900 Wadsworth Blvd

      SHOPPING CENTER, STRIP CENTER • 55,023 SF
      3900 Wadsworth Blvd, Wheat Ridge, CO 80033-4615
      View Details
    • Value Estimation
      $430,000
      8,778 SF

      5095 Kipling St

      SHOPPING CENTER, STRIP CENTER • 8,778 SF
      5095 Kipling St, Wheat Ridge, CO 80033-2337
      View Details
    • Value Estimation
      $845,000
      70,202 SF

      3400 Youngfield St

      SHOPPING CENTER, STRIP CENTER • 70,202 SF
      3400 Youngfield St, Wheat Ridge, CO 80033-5245
      View Details
    • Value Estimation
      $390,000
      5,911 SF

      3244 Youngfield St, Unit H

      SHOPPING CENTER, STRIP CENTER • 5,911 SF
      3244 Youngfield St, Wheat Ridge, CO 80033-5276
      View Details
    • Value Estimation
      $435,000
      14,190 SF

      3912 Wadsworth Blvd

      SHOPPING CENTER, STRIP CENTER • 14,190 SF
      3912 Wadsworth Blvd, Wheat Ridge, CO 80033-4615
      View Details

    Similar Nearby for Sale

    • $6,405,000
      10,000 SF

      Retail Property Fully Leased

      Fully leased retail property with national tenants and high visibility.
      14255 W Colfax Dr, Lakewood, CO 80033
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      Kipling Street Shopping Center

      Wheat Ridge retail investment opportunity.
      4300 Kipling St, Wheat Ridge, CO 80033
      View Details
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      Lakewood Multi-Unit Building For Sale

      Multi-unit building in Lakewood available for sale and lease.
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      Automotive/Retail Showroom and Shop

      Light automotive/retail showroom and shop with parking and yard.
      9901 W Colfax Ave, Lakewood, CO 80033
      View Details
    • $1,050,000
      2,920 SF

      Wheat Ridge Freestanding Building

      Prime location, versatile space, high visibility.
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      View Details
    • $4,500,000
      19,700 SF

      Lakewood Property with Large Parking

      Property in Lakewood, Colorado with over 100 parking spaces.
      13151 W Alameda Pkwy, Lakewood, CO 80033
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,400 SF

      Retail Space in Lakewood Center

      Retail space available in busy Walmart shadow-anchored center.
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      View Details
    • Contact for pricing
      900 SF

      Retail Space Near I-70

      Retail space with high visibility and traffic near I-70.
      3300-3600 Youngfield St, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing
      20,886 SF

      Lamar Station Plaza Retail Space

      Restaurant and retail spaces available in busy shopping center.
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      View Details
    • Contact for pricing
      16,808 SF

      Retail Space in Lakewood Center

      Retail, restaurant, office, or medical space available for lease.
      12039 W Alameda Pkwy, Lakewood, CO 80033
      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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      View Details
    • Contact for pricing

      Retail Space in Safeway Center

      Shop space for lease in a Safeway-anchored center.
      13111 W Alameda Pkwy, Lakewood, CO 80033
      View Details
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    Wheat Ridge, CO 80033
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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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