6690 38Th Ave Wheat Ridge, CO 80033
This exceptional 0.49-acre development opportunity in Wheat Ridge, Colorado, is priced at $1,300,000. The property, located at 6690 W 38th Ave (zip code 80033), is zoned MU-N and boasts an approved site development plan for approximately 6,000 square feet of multi-tenant retail/office space. Situated in a thriving neighborhood, this 21,500 square foot lot offers convenient walkability to local amenities including Bardo Coffee, brew pubs, and a grocery store. The area is experiencing significant growth, with over 75 townhomes currently under construction nearby, creating a strong potential tenant base. Currently, the property is leased to an acupuncture business with a 90-day termination clause in place, generating a monthly income of $3,200 (tenant responsible for utilities). The landlord covers property taxes, insurance, landscaping, and snow removal. This infill location presents a unique chance to capitalize on the area's expanding commercial sector and strong residential growth. Jefferson County location provides easy access to major transportation routes. Don't miss this prime development opportunity in a vibrant and growing community.
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
Similar Nearby for Sale
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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.