6990 38th Ave Wheat Ridge, CO 80033-4977
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.