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Property profile & analytics
FOR SALE
Car washes
5478 W 38Th Ave Wheat Ridge, CO 80212
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0417854
For Sale
1 / 34
$825,000
5478 W 38Th Ave, Wheat Ridge, CO 80212
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1966
Construction
STEEL FRAME
Total area
1,488 SF
Lot
0.36 ac (15,467 SF)
APN
39-251-03-029
UPID
US13-0417854
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
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$810k
Owner & transaction history
Big Irvs Car Wash LLC · 2 yrs held
Big Irvs Car Wash LLC
since 2023
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$825,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$595,000
Current use
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $800k (Dec 18 2023)
Last sale anchor
$800k
Dec 18 2023
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
$544 / 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
$7,238
Tax year 2023
Assessed value
$82,785
Assessed 2023
Previous assessed
$82,785
+0.0% YoY
Effective rate
8.74%
On assessed value
Assessed land
$62,032
Assessed improvement
$20,753
Land market value
$222,338
Improvement market value
$104,384
Total market value
$326,722
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
Car washes
Use group
CAR WASH
Status
For Sale
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
2
Units
6
Total area
1,488 SF
Lot
0.36 ac (15,467 SF)
APN
39-251-03-029
UPID
US13-0417854
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
AUTO REPAIR, GARAGE Current
Est. value
$595,000
AUTO REPAIR, GARAGE Current
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
1966
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
3
Units
6
Lot
0.36 ac
Current owner
From public records · entity-resolved
Big Irvs Car Wash LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3344 NAVAJO ST, DENVER, CO 80211-3531
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$800,000
Big Irvs Car Wash LLC
Sparkles Car Wash III LLC
Special Warranty Deed
—
Oct 29, 2019
$825,000
Sparkles Carwash III LLC
Pillar Of Troy LLC
Warranty Deed
$560,000 · Citywide Banks
Mar 2, 2016
$549,900
Pillar Of Troy LLC
Bnl Properties INC
Warranty Deed
$205,000 · Redstone Bank
Oct 5, 2009
$50,000
Bnl Properties INC
Peterson,ronald C & Barbara J
Warranty Deed
—
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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