Property profile

6920 38th Ave Wheat Ridge, CO 80033

OFF-MARKET
Medical Office Space
Property ID
US13-0430477
7,484 SF 1.16 ac lot Built 1961
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a 10,360 square foot medical office building situated on a 1.159-acre lot in Wheat Ridge, Colorado. The property, located at 6920 W 38th Ave, features 7,692 square feet of net rentable space and is currently 100% occupied by Innovative Renal Care under a 15-year Absolute NNN lease with a corporate guarantee. The lease commenced July 3, 2014, and expires July 2, 2029, leaving approximately 4.6 years remaining. Rent increases are built in at 3% annually. The lease includes two 5-year renewal options. Originally constructed in 1961, the single-story building underwent renovations in 2016. Its prime location on West 38th Avenue offers excellent visibility and accessibility to major transportation routes. The property benefits from strong surrounding demographics and a thriving commercial environment in Wheat Ridge, Jefferson County, Colorado (zip code 80033). This investment offers a stable income stream backed by a reputable tenant in the growing healthcare sector, providing both stability and growth potential. The property's strategic location and recent renovations make it an attractive addition to any diversified portfolio.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1961
Construction STEEL FRAME
Total area 7,484 SF
Lot 1.16 ac (50,485 SF)
APN 39-261-00-007
UPID US13-0430477

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6920 38th Ave Wheat Ridge, CO 80033-4966
Wheat Ridge metro Census 10701 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$335k

Owner & transaction history

since 2025
7 recorded transactions
2026
Price N/A
2025
$2.2M
2021
Price N/A
2014
$780,000
2005
$820,000
2005
Price N/A
2005
$663,847

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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