Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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