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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Retail space
5656 Ward Way Arvada, CO 80002-1345
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0046618
Property summary
AI-generated overview
This exceptional 2,400-square-foot retail space is ideally situated at 5656 Ward Way, Arvada, near the intersection of Ward Road and West 58th Avenue. Currently vacant, this single-tenant property offers immediate occupancy. Built in 2002 and renovated in 2018, the building boasts a high-image design and established neighboring tenants. The space features a spacious open showroom/retail area, separated by a demising wall from a rear storage area. A full, partially finished basement provides additional storage or office space. The property includes approximately 4.17 parking spaces per 1,000 square feet. The zoning is P-D (Jefferson County). This location benefits from significant recent residential growth in the area, including the addition of Timberline Farms (302 apartments) and SaBell developments near Little Raven Park. High visibility from Ward Road and available signage make this an excellent opportunity for businesses seeking strong exposure and a thriving customer base. The property offers a prime location within a rapidly expanding residential community.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
STEEL FRAME
Total area
7,200 SF
Lot
0.9 ac (39,261 SF)
APN
39-083-06-005
UPID
US13-0046618
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
Current use
Occupant on record · Public records
-
Myla June Jewelry (Bike/Boat/Book/etc) Store
-
New Era Dental Dental Office
-
Carol A. Hackl, RPh Pharmacy
-
Rachel Holt, PharmD Pharmacy
-
Dr. Derek Owens Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.72M
Owner & transaction history
The Reid Corporation · 3 yrs held
The Reid Corporation
since 2023
Last sale
$1.7M
7 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 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
$2,085,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,670,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$2,475,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.73M (Jun 20 2023)
Last sale anchor
$1.73M
Jun 20 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
$239 / 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
$48,008
Tax year 2023
Assessed value
$504,153
Assessed 2023
Previous assessed
$504,153
+0.0% YoY
Effective rate
9.52%
On assessed value
Assessed land
$136,923
Assessed improvement
$367,230
Land market value
$490,763
Improvement market value
$1,346,237
Total market value
$1,837,000
Applied tax rate
4,410.0000
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
2002
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Units
3
Total area
7,200 SF
Lot
0.9 ac (39,261 SF)
APN
39-083-06-005
UPID
US13-0046618
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
INDUSTRIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
INDUSTRIAL (GENERAL)
OFFICE 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
2002
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
3
Lot
0.9 ac
Current owner
From public records · entity-resolved
The Reid Corporation
Entity
Mailing address
671 E BIG BEAVER RD STE #211, TROY, MI 48083-1422
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
$1,725,000
The Reid Corporation
Krc Investments LLC
Special Warranty Deed
—
Dec 22, 2017
—
Krc Investments LLC
—
Deed
related
$1,130,000 · Wilshire Fin Ptrs
Oct 30, 2007
—
Harvey Park Car Wash LLC
Harvey Park Car Wash LLC
Quit Claim Deed
$75,000 · Gary Kraft
Oct 30, 2007
$1,400,000
Krc Investments LLC
Harvey Park Car Wash LLC
Warranty Deed
$1,241,000 · Bank Of Choice Colorado Arvada
Oct 29, 2002
—
Harvey Park Car Wash LLC
—
Trustees Deed
related
$600,000 · First National Bank Arvada
—
—
Harvey Park Car Wash LLC
—
Deed Of Trust
related
$700,000 · Horizons Banks NA
—
—
Krc Investments LLC
—
Deed Of Trust
related
$127,000 · Thomas M & Piyalak S Niemi
—
—
Harvey Park Car Wash LLC
—
Deed Of Trust
related
$710,500 · First National Bank Arvada
—
—
Krc Investments LLC
—
Deed Of Trust
related
$1,130,000 · Wilshire Fin Ptrs
—
—
Harvey Park Car Wash LLC
—
Deed Of Trust
related
$30,000 · First National Bank Arvada
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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