5091 Kipling St Wheat Ridge, CO 80033
- Strip malls
- 18,656 SF
- 5.99 lot acres
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,810,000
- 6.5%
- $11,585,000
- 7%
- $11,055,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,370,000
- Geo Method
- $9,165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,280,000
- Retail
- $9,875,000
- Mixed-Use
- $9,780,000
- Hospitality
- $10,615,000
- Educational
- $10,115,000
- Residential Income
- $11,385,000
- Energy
- $12,365,000
- Income-Based Land
- $10,365,000
- Food Service
- $12,125,000
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