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    Property profile & analytics

    6990 38th Ave Wheat Ridge, CO 80033-4977

    • Office buildings
    • 19,589 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimation
    $3,135,000
    Last Sale
    Jun 13, 2022
    $3,185,000
    Location Intelligence
    Property ID
    US13-0287657
    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

    • Office buildings

    Property Details for 6990 38th Ave

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    1.19 lot acres
    Property size
    19,589 SF
    Property type
    Office buildings
    APN
    39-261-00-008
    APU
    3926100008

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,100,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,825,000
      6.5%
      $3,380,000
      7%
      $3,110,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,135,000
      Geo Method
      $3,135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,115,000
      Retail
      $3,060,000
      Mixed-Use
      $3,455,000
      Hospitality
      $3,445,000
      Educational
      $3,010,000
      Residential Income
      $3,280,000
      Energy
      $3,950,000
      Income-Based Land
      $3,735,000
      Food Service
      $3,510,000

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.074
    Latitude
    39.7688
    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
    $75,448
    $339,010
    $523,909
    $862,919
    -
    $1,215,091
    $1,907,809
    $3,122,900

    Comparable in this City

    • Value Estimation by Request
      1,385 SF

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    • Value Estimation by Request
      780 SF

      10740 44th Ave

      OFFICE BUILDING • 780 SF
      10740 44th Ave, Wheat Ridge, CO 80033-2710
      View Details
    • Value Estimation by Request
      3,148 SF

      10900 44th Ave

      OFFICE BUILDING • 3,148 SF
      10900 44th Ave, Wheat Ridge, CO 80033-2761
      View Details
    • Value Estimation by Request
      1,379 SF

      10185 49th Ave

      OFFICE BUILDING • 1,379 SF
      10185 49th Ave, Wheat Ridge, CO 80033-2209
      View Details
    • Value Estimation
      $1,365,000
      4,889 SF

      6073 44th Ave

      OFFICE BUILDING • 4,889 SF
      6073 44th Ave, Wheat Ridge, CO 80033-4752
      View Details
    • Value Estimation by Request
      2,038 SF

      4880 Marshall St

      OFFICE BUILDING • 2,038 SF
      4880 Marshall St, Wheat Ridge, CO 80033-3635
      View Details

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    6990 38th Ave
    Wheat Ridge, CO 80033-4977
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    Realmo Value Estimation

    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.

    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.

    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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