6990 W 38Th Ave Wheat Ridge, CO 80033
Property profile & analytics
6990 W 38Th Ave, Wheat Ridge, CO 80033
- Office buildings
- 19,589 SF
- 1.19 lot acres
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 6990 W 38Th Ave
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 1.19 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,100,000
- ML approach
- $2,920,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,695,000
- 6.5%
- $4,330,000
- 7%
- $4,025,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,333,000
- AI Estimate
- $2,645,000
Market price range: $1.85M - $6.70MMarket price range: $1.18M - $5.35M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,405,000 Current use
- MEDICAL BUILDING
- $4,650,000 Change: +6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
