6145 38Th Ave Wheat Ridge, CO 80033
This exceptional 0.42-acre mixed-use property in Wheat Ridge, Colorado, presents a compelling redevelopment opportunity. Located at 6145 W 38th Ave, 80033, this site boasts a prominent position on a busy and developing commercial corridor. Currently improved with three residential units, totaling 2,916 square feet, the property offers immediate income generation at 100% occupancy. The asking price is $1,185,000, translating to $406.38 per square foot. The property is zoned MU-N, permitting a diverse range of uses, including multi-family, retail, and office development. Multi-family development is allowed for up to 40% of the lot size. This presents a unique chance to capitalize on the growing Wheat Ridge market, creating a high-return investment. The Jefferson County location and convenient access to major thoroughfares further enhance the property's appeal. The APN is 39-243-00-051. This is a private owner sale. This is a rare opportunity to acquire a fully occupied property with significant upside potential in a thriving Colorado community. The current configuration provides a stable income stream while allowing for future expansion and development to meet the demands of the market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.