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    Property profile & analytics

    6203 40th Ave Wheat Ridge, CO 80033-5009

    • Residential income homes
    • 2,912 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $1,650,000
    Last Sale
    Jan 19, 2022
    $1,650,000
    Location Intelligence
    Property ID
    US13-1178102
    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

    • Residential income homes

    Property Details for 6203 40th Ave

    Year built
    1951
    Construction
    STEEL FRAME
    Lot size
    0.35 lot acres
    Property size
    2,912 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    39-243-17-015
    APU
    3924317015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,605,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,600,000
      6.5%
      $1,800,000
      7%
      $1,705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,745,000
      Geo Method
      $1,815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,045,000
      Retail
      $1,560,000
      Mixed-Use
      $1,755,000
      Hospitality
      $1,590,000
      Educational
      $1,800,000
      Residential Income
      $1,680,000
      Energy
      $2,085,000
      Income-Based Land
      $1,855,000
      Food Service
      $1,570,000

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.066
    Latitude
    39.7715
    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
    $8,603
    $20,667
    $77,724
    $98,391
    -
    $308,460
    $1,215,060
    $1,523,520

    Comparable in this City

    • Value Estimation
      $5,720,000
      3,576 SF

      3741 Oak St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,576 SF
      3741 Oak St, Wheat Ridge, CO 80033-5569
      View Details
    • Value Estimation
      $435,000
      1,728 SF

      6035 39th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,728 SF
      6035 39th Ave, Wheat Ridge, CO 80033-5101
      View Details
    • Value Estimation
      $1,010,000
      4,160 SF

      10313 41st Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,160 SF
      10313 41st Ave, Wheat Ridge, CO 80033
      View Details
    • Value Estimation
      $385,000
      2,040 SF

      4571 Everett Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,040 SF
      4571 Everett Ct, Wheat Ridge, CO 80033-3143
      View Details
    • Value Estimation
      $320,000
      3,015 SF

      3658 Teller St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,015 SF
      3658 Teller St, Wheat Ridge, CO 80033-6241
      View Details
    • Value Estimation by Request
      2,590 SF

      6240 32nd Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,590 SF
      6240 32nd Ave, Wheat Ridge, CO 80033-7458
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      High-traffic retail space available now.
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      Wheat Ridge retail spaces available.
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      Functional office or retail building in high-traffic Wheat Ridge location.
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      View Details
    • $11 SF/Yr
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      View Details
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    Wheat Ridge, CO 80033-5009
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    Realmo Value Estimation

    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.

    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.

    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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