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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Retail space
5250 38th Ave Wheat Ridge, CO 80212-7008
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2774323
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Construction
STEEL FRAME
Total area
7,402 SF
Lot
0.43 ac (18,557 SF)
APN
39-251-01-038
UPID
US13-2774323
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
$885k
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.45M
Owner & transaction history
Vital Training Systems LLC · 1 yrs held
Vital Training Systems LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+0.9%
Commercial (general)
$2.4M
+0.6%
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 Wheat Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheat Ridge 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
$920,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$1,690,000
6.5%
$1,560,000
7%
$1,450,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,380,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,400,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,395,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$2,250,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.43M (Apr 9 2025)
Last sale anchor
$1.43M
Apr 9 2025
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
$195 / 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
$29,834
Tax year 2023
Assessed value
$341,217
Assessed 2023
Previous assessed
$341,217
+0.0% YoY
Effective rate
8.74%
On assessed value
Assessed land
$64,718
Assessed improvement
$276,499
Land market value
$231,963
Improvement market value
$1,021,037
Total market value
$1,253,000
Applied tax rate
3,228.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Units
1
Total area
7,402 SF
Lot
0.43 ac (18,557 SF)
APN
39-251-01-038
UPID
US13-2774323
Jurisdiction
JEFFERSON
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
RETAIL STORES Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1952
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Vital Training Systems LLC
Entity
Mailing address
4960 W 13TH AVE, DENVER, CO 80204-1001
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Vital Training Systems LLC
5250 38th Ave LLC
Quitclaim Deed
related
$200,000 · Firstbank
Jan 13, 2021
$1,425,000
5250 W 38th Ave LLC
Wr Gateway I LLC
Special Warranty Deed
$1,053,750 · Firstbank
Sep 30, 2020
—
Wr Gateway I LLC
—
Deed
related
$910,000 · Mountain View Bank Of Commerce
Jul 19, 2017
$1,300,000
Wr Gateway I LLC
Mcfadden,terry
Grant Deed
$975,000 · Bank Snb NA
Sep 13, 2006
—
Gerald A Archer
Archer,patricia M
Quit Claim Deed
related
—
Sep 13, 2006
$610,000
Terry Mcfadden
Archer,gerald A
Grant Deed
$610,000 · Gerald A Archer
Aug 3, 2006
—
Gerald A Archer
Owner,record
Grant Deed
related
—
Dec 12, 2000
—
Gerald A Archer
Archer,gerald A & Audrey V
Quit Claim Deed
related
$231,812 · First American State Bank
—
—
Gerald A Archer
—
Deed Of Trust
related
$216,000 · Key Bank & Trust
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.
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