6073 44th Ave Wheat Ridge, CO 80033-4752
- Office buildings
- 4,889 SF
- 0.92 lot acres
May 06, 2025
Current Use by Public Records
- Office buildings
Property Details for 6073 44th Ave
- Year built
- 1963
- Construction
- STEEL FRAME
- Lot size
- 0.92 lot acres
- Property size
- 4,889 SF
- Property type
- Office buildings
- APN
- 39-242-00-016
- APU
- 3924200016
Description
This exceptional investment opportunity presents a two-story, 15,321-square-foot office building situated on a 39,901-square-foot lot in Wheat Ridge, Colorado. The property boasts a diverse tenant mix within thirteen units, offering a current NOI of $91,445 and a 4.57% cap rate. A pro-forma analysis projects a significantly improved NOI of $121,046 and a 6.05% cap rate, showcasing substantial upside potential. Built in 1963, the building features a block/stucco exterior, a flat roof, and ample paved parking for 71 vehicles—a generous 5.5 spaces per unit. The property benefits from a high-visibility location on W 44th Avenue, adjacent to a Walmart, ensuring excellent exposure and accessibility. Recent improvements include new front-facing windows installed in 2023. The C-1 zoning allows for a variety of commercial uses. The asking price is $2,000,000, representing a price per square foot of $130.54 and a price per unit of $153,846.15. This multi-tenant building offers a compelling combination of strong current income and significant future growth potential, making it an attractive addition to any investment portfolio. Water and sewer services are connected to the master system.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.064
- Latitude
- 39.7771
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
