You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,145,000
Office buildings

6990 38th Ave Wheat Ridge, CO 80033-4977

19,589 SF 1.19 ac lot Built 1981
Entity Owned 1-yr Hold Free & Clear
Property ID
US13-0287657
Property summary
AI-generated overview

This exceptional three-story office building, totaling 19,589 square feet, presents a unique investment opportunity. Located at 6990 W. 38th Ave, this Class B property boasts a convenient location, less than half a mile east of Wadsworth Blvd. and one mile west of Sheridan Blvd., placing it ideally between two high-growth areas. The building features 8 total suites, with 1,762 square feet currently vacant, offering flexible space options ranging from a minimum of 150 square feet to a maximum contiguous space of 1,612 square feet. Built in 1981, the property sits on a 1.19-acre lot and includes ample parking with 70 spaces and a single elevator for convenient access to all three floors. The zoning is MU-N. The surrounding area is rich with amenities, including various grocery stores, health food options, breweries, and coffee shops within walking distance. Its proximity to Tennyson Street, Highlands Square, and the recently completed West 38 mixed-use project adds to its appeal. Furthermore, its location near both the existing and the new Lutheran Medical Center at Clear Creek Crossing development enhances its strategic value. This is a rare opportunity to acquire a well-situated office building with significant potential in a thriving area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction STEEL FRAME
Total area 19,589 SF
Lot 1.19 ac (51,706 SF)
APN 39-261-00-008
UPID US13-0287657
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.92M
CAP Approach CAP
$4.33M
Comparable Approach Comparable
$3.33M
Blend (final) Blend
$3.15M
Owner & transaction history
Mon Petit Townhomes LLC · 1 yrs held
Mon Petit Townhomes LLC
since 2024
Last sale
$3.2M
7 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$3.2M
2021
Price N/A
2020
Price N/A
2020
Price N/A
2016
$1.9M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $4.7M +5.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6990 38th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message