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

    6488 Ward Rd Arvada, CO 80004-2461

    • Retail space
    • 10,400 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0229609
    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

    • Fantastic Sams Cut & Color / Hair Salon

    Property Details for 6488 Ward Rd

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    10,400 SF
    Property type
    Retail space
    APN
    39-054-12-014
    APU
    3905412014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $704,000
      Market price range: $549k - $1.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.137
    Latitude
    39.8141
    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
    $32,263
    $151,277
    $181,346
    $332,623
    -
    $542,213
    $679,987
    $1,222,200

    Comparable in this City

    • Value Estimation
      $1,395,000
      61,219 SF

      12680 64th Ave

      RETAIL STORES (PERSONAL SERVICES) • 61,219 SF
      12680 64th Ave, Arvada, CO 80004-3806
      View Details
    • Value Estimation
      $320,000
      1,392 SF

      9625 Ralston Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,392 SF
      9625 Ralston Rd, Arvada, CO 80004-5020
      View Details
    • Value Estimation
      $3,470,000
      12,073 SF

      9806 60th Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,073 SF
      9806 60th Ave, Arvada, CO 80004-4948
      View Details
    • Value Estimation by Request

      9812 60Th Ave

      Individual retail properties
      9812 60Th Ave, Arvada, CO 80004
      View Details
    • Value Estimation
      $585,000
      10,980 SF

      10370 64th Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,980 SF
      10370 64th Ave, Arvada, CO 80004-4835
      View Details
    • Value Estimation
      $1,380,000
      57,325 SF

      11651 64th Ave

      RETAIL STORES (PERSONAL SERVICES) • 57,325 SF
      11651 64th Ave, Arvada, CO 80004-4323
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,043 SF

      Arvada Retail Properties Sold

      Three retail properties in Arvada West Town Center.
      14455 West 64Th Ave, Arvada, CO 80004
      View Details
    • $745,000
      16,596 SF

      Arvada Car Wash - Turnkey Opportunity

      High-Traffic, Fully Equipped Car Wash
      10355 62Nd Pl, Arvada, CO 80004
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    • $1,750,000
      20,250 SF

      Arvada Commercial Property on Ralston

      20,250 SF building on 1.8-acre lot in Arvada.
      11005 Ralston Rd, Arvada, CO 80004
      View Details
    • $1,350,000
      9,210 SF

      Arvada Medical/Office Building For Sale

      Fully leased medical/office building in Arvada, Colorado.
      12001 W 63Rd Pl, Arvada, CO 80004
      View Details
    • $2,625,000

      Arvada Land Opportunity

      Land available in Arvada, Colorado.
      6640 Simms St, Arvada, CO 80004
      View Details
    • $2,625,000
      4.00 Acres

      6640-6670 Simms St, Arvada, CO 80004

      Farms • 4.00 Acres
      6640 Simms St, Arvada, CO 80004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,038 SF

      Retail Space in Ralston Plaza

      Retail space available in Arvada's Ralston Plaza shopping center.
      6472-6490 Ward Rd, Arvada, CO 80004
      View Details
    • $17 SF/Yr
      900 SF

      Arvada Retail Space: 900 SF Storefront

      Prime Arvada location, 900 sq ft retail space.
      9812 60Th Ave, Arvada, CO 80004
      View Details
    • $16 SF/Yr
      12,258 SF

      Arvada Executive Office Suites

      Prime Arvada Office Space Available
      9810 59Th Pl, Arvada, CO 80004
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space Near King Soopers

      Retail space available across from new King Soopers center.
      9075 Howell St, Arvada, CO 80004
      View Details
    • $20 SF/Yr
      3,000 SF

      Arvada Retail/Flex Space Available

      3,000 SF retail/flex space in Arvada for lease.
      9806-9868 Ralston Rd, Arvada, CO 80004
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Ralston Plaza

      Retail space available in Ralston Plaza at 64th and Ward.
      6410-12379 Ward Rd, Arvada, CO 80004
      View Details
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    6488 Ward Rd
    Arvada, CO 80004-2461
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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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