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    Property profile & analytics

    5880 W 59Th Ave Arvada, CO 80003

    • Life science properties
    • 30,000 SF
    • 3.28 lot acres
    For Lease
    View listing
    Value Estimations
    $1,685,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1152879
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ABM Fabrication & Machining / General Contractor / Construction Company
    • Apikol Performance Automotive / Auto Repair Shop
    • Slade Glass / Hardware & Home Improvement / Home Decor Store
    • Camping World RV Collision Center / Auto Repair Shop
    • Buckle-EZ / Metal Fabrication Plant / Factory

    Property Details for 5880 W 59Th Ave

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    3.28 lot acres
    Property size
    30,000 SF
    Property type
    Life science properties
    APN
    39-124-02-007
    APU
    3912402007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,941,000
      Market price range: $1.94M - $3.20M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.061
    Latitude
    39.803
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $98,194
    $199,016
    $813,335
    $1,012,351
    -
    $713,320
    $2,945,180
    $3,658,500

    Comparable in this City

    • Value Estimation
      $945,000
      14,337 SF

      6005 Sheridan Blvd

      R&D FACILITY, LABS, PHARMA • 14,337 SF
      6005 Sheridan Blvd, Arvada, CO 80003-5228
      View Details
    • Value Estimation by Request
      2,550 SF

      5890 Lamar St

      R&D FACILITY, LABS, PHARMA • 2,550 SF
      5890 Lamar St, Arvada, CO 80003-5617
      View Details
    • Value Estimation
      $730,000
      8,646 SF

      6701 58th Pl

      R&D FACILITY, LABS, PHARMA • 8,646 SF
      6701 58th Pl, Arvada, CO 80003-5503
      View Details
    • Value Estimation
      $1,600,000
      34,290 SF

      5891 Nolan St

      R&D FACILITY, LABS, PHARMA • 34,290 SF
      5891 Nolan St, Arvada, CO 80003-5591
      View Details
    • Value Estimation
      $725,000
      7,582 SF

      6317 Wadsworth Byp

      R&D FACILITY, LABS, PHARMA • 7,582 SF
      6317 Wadsworth Byp, Arvada, CO 80003-4839
      View Details
    • Value Estimation
      $610,000
      6,050 SF

      7400 61st Ave

      R&D FACILITY, LABS, PHARMA • 6,050 SF
      7400 61st Ave, Arvada, CO 80003-5314
      View Details

    Similar Nearby for Sale

    • $6,799,000

      Fully Occupied Industrial Asset

      Multi-tenant industrial property with long-term leases and solar panels.
      5550 W 60Th Ave, Arvada, CO 80003
      View Details
    • $1,500,000
      2.48 Acres

      Arvada Land Parcel For Sale

      Eight residential building lots available in Arvada, Colorado.
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    • Contact for pricing
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      Arvada Development Site For Sale

      Prime commercial land for development with easy highway access.
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      Arvada Multifamily Property Sold

      29-unit multifamily property in Arvada, Colorado.
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    • Contact for pricing

      Arvada Land For Sale

      Land available for sale in Arvada, Colorado.
      5495 W 60Th Ave, Arvada, CO 80003
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    • $600,000

      Arvada Land with Utilities

      Land in high demand area with utilities and outbuildings.
      5555 W 69Th Ave, Arvada, CO 80003
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    Similar Nearby for Lease

    • $16 SF/Yr
      24,000 SF

      Arvada Warehouse with Fenced Yard

      Warehouse, office, and fenced yard space available for lease.
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      4,681 SF

      West Denver Warehouse Unit

      Warehouse with secured yard area and new office finish.
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      3,800 SF

      Arvada Industrial Space Available

      Industrial property in Arvada available for rent January 1st.
      5880 W 59Th Ave, Arvada, CO 80003
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    • Contact for pricing

      Commercial Land Drive-Thru Opportunity

      High visibility end cap with drive-thru potential on 88th Avenue.
      8787 Sheridan Blvd, Westminster, CO 80003
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      Arvada Ground Lease Opportunity

      Commercial land for lease in a prime redevelopment area.
      5190 W 65Th Ave, Arvada, CO 80003
      View Details
    • Contact for pricing
      13,500 SF

      Former Walgreens for Lease

      Former Walgreens for Lease
      6395 Sheridan Blvd, Arvada, CO 80003
      View Details
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    Arvada, CO 80003
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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