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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5890 44Th Ave Wheat Ridge, CO 80212

    • Retail space
    • 10,320 SF
    • 0.56 lot acres
    For Sale
    View listing
    $2,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0791024
    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

    • Retail space

    Property Details for 5890 44Th Ave

    Year built
    1961
    Construction
    STEEL FRAME
    Lot size
    0.56 lot acres
    Property size
    10,320 SF
    Property type
    Retail space
    APN
    39-244-07-018
    APU
    3924407018

    Description

    This 10,320 square foot shopping center and storefront, located at 5890-5892 West 44th Avenue in Wheat Ridge, Colorado, presents a compelling owner-user or investment opportunity. Priced at $2,400,000 ($232.56/sq ft), the property boasts high visibility on 44th Avenue within a rapidly growing area. Built in 1961 and situated on a 24,390 square foot lot ($98/SF land value), the property features a multi-tenant setup with a mix of occupied and vacant space. Investors can potentially achieve a 7.9% cap rate by leasing the vacant space. Alternatively, an owner-user could occupy the vacant space while collecting rent from the existing tenant. Recent improvements include a new roof and AC unit installed in 2019. The property is zoned RC and enjoys convenient access to I-70 and Sheridan Boulevard, enhancing its appeal and potential for growth. This prime retail location offers significant upside for both investors and owner-occupiers seeking a strong foothold in the thriving Wheat Ridge market. The property's size and location make it an ideal opportunity for a variety of retail businesses. This is a rare chance to acquire a well-maintained retail property in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.061
    Latitude
    39.7763
    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
    $18,386
    $85,060
    $125,222
    $210,282
    -
    $304,875
    $478,825
    $783,700

    Comparable in this City

    • Value Estimation
      $670,000
      3,990 SF

      3923 10th St

      RETAIL STORES (PERSONAL SERVICES) • 3,990 SF
      3923 10th St, Denver, CO 80212-2113
      View Details
    • Value Estimation
      $1,275,000
      7,229 SF

      3936 10th St

      RETAIL STORES (PERSONAL SERVICES) • 7,229 SF
      3936 10th St, Denver, CO 80212-2114
      View Details
    • Value Estimation
      $1,140,000
      7,753 SF

      4438 29th Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,753 SF
      4438 29th Ave, Denver, CO 80212-3015
      View Details
    • Value Estimation
      $1,360,000
      2,834 SF

      4745 38th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,834 SF
      4745 38th Ave, Denver, CO 80212-2022
      View Details
    • Value Estimation
      $640,000
      4,964 SF

      5390 38th Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,964 SF
      5390 38th Ave, Wheat Ridge, CO 80212-7059
      View Details
    • Value Estimation
      $2,135,000
      17,485 SF

      5455 38th Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,485 SF
      5455 38th Ave, Wheat Ridge, CO 80212-7251
      View Details

    Similar Nearby for Sale

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      Denver Retail/Office Opportunity

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      Wheat Ridge Retail Center

      High-visibility retail investment
      5890 44Th Ave, Wheat Ridge, CO 80212
      View Details
    • $995,000
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      Tennyson Street Retail Space Available

      Prime retail space in vibrant Denver location, divisible with parking.
      4258 Tennyson St #102, Denver, CO 80212
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    • $1,765,000
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      West Denver Multi-Tenant Retail Building

      Retail building in West Denver with recent upgrades and high visibility.
      4923 W 38Th Ave, Denver, CO 80212
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    Similar Nearby for Lease

    • Contact for pricing
      2,883 SF

      Retail Space on Tennyson Street

      Retail space available in thriving Denver location.
      4499 W 38Th Ave, Denver, CO 80212
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      Tennyson Street Retail Opportunity

      Denver Retail Spaces: 6 Units Available
      4560 Tennyson St, Denver, CO 80212
      View Details
    • $10 SF/Yr
      3,969 SF

      Wheat Ridge Retail/Office Space

      Retail/office space in walkable Wheat Ridge neighborhood with parking.
      5712 W 38Th Ave, Wheat Ridge, CO 80212
      View Details
    • $199,000
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      360 SF building, ideal for office or retail use.
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    • $21 SF/Yr
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      Highlands Garden Retail Space

      805 SF Retail, Denver's Highlands
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      View Details
    • Contact for pricing
      787 SF

      Retail Space in West Highland

      787 SF retail space in Denver's West Highland neighborhood.
      4902 West 38Th Ave, Denver, CO 80212
      View Details
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    Wheat Ridge, CO 80212
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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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