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Property profile & analytics
FOR LEASE
Auto shops
5190 W 65Th Ave Arvada, CO 80003
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1139117
For Lease
1 / 4
$575,000
5190 W 65Th Ave, Arvada, CO 80003
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Total area
1,584 SF
Lot
0.5 ac (21,780 SF)
APN
R0101615
UPID
US13-1139117
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$469k
Blend (final)
Blend
$575k
Owner & transaction history
Jose Luis Ochoa · 3 yrs held
Jose Luis Ochoa
since 2022
Last sale
$540,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$770,000
+0.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arvada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arvada submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$690,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$770,000
Current use
COMMERCIAL (GENERAL)
$770,000
Change: +0% · Conversion: Moderate
RETAIL STORES
$635,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $540k (Jul 20 2022)
Last sale anchor
$540k
Jul 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$363 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,179
Tax year 2023
Assessed value
$58,200
Assessed 2023
Previous assessed
$117,580
-50.5% YoY
Effective rate
12.34%
On assessed value
Assessed land
$54,930
Assessed improvement
$3,270
Land market value
$196,875
Improvement market value
$11,710
Total market value
$208,585
Applied tax rate
535.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1969
Heating
SPACE
Stories
1
Total area
1,584 SF
Lot
0.5 ac (21,780 SF)
APN
R0101615
UPID
US13-1139117
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$770,000
RETAIL STORES
Est. value
$635,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
SPACE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Jose Luis Ochoa
Individual
Mailing address
4995 HARLAN ST, WHEAT RIDGE, CO 80033-3629
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
$540,000
Jose Luis Ochoa
Joshnik Co Lllp
Warranty Deed
$479,900 · Pennymac Loan Services LLC
Sep 29, 2020
—
Stinker Stores Co INC
—
Deed
related
—
Jul 19, 2019
—
Joshnik Co Lllp
—
Loan Modification
related
$103,000,000 · Zions First Nat'l Bk
Feb 8, 2017
$601,100
Joshnik Co Lllp
5190 W 65th Ave LLC
Grant Deed
related
$114,000,000 · Zions First Nat'l Bk
Jan 25, 2011
—
5190 W 65th Ave LLC
Calkins,george W
Grant Deed
related
—
—
—
Stinker Stores Co INC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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