7220 56th Ave Arvada, CO 80002-3393
Property profile & analytics
7220 56th Ave, Arvada, CO 80002-3393
- Retail space
- 8,242 SF
- 1.90 lot acres
Property ID
US13-2650922
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
- Parry's Pizzeria & Taphouse / Restaurant
- CAVA / Restaurant
- everbowl / (Bike/Boat/Book/etc) Store / Take-out & Catering
Property Details for 7220 56th Ave
- Year built
- 2022
- Lot size
- 1.90 lot acres
- Property type
- Retail space
- APN
- 39-141-02-012
- APU
- 3914102012
Description
This exceptional investment opportunity presents The Shops at Olde Town Station, a brand-new, 15,117-square-foot retail center in Arvada, Colorado. Completed in 2023, this Class A property boasts a prime location at the signalized intersection of Wadsworth Bypass and West 56th Avenue, enjoying high visibility with over 70,000 vehicles passing daily. The center is 100% occupied by five nationally recognized tenants: Smash Burger, Snooze, Parry's Pizzeria, Cava, and Everbowl, all operating under long-term triple-net (NNN) leases with built-in rent increases, ensuring stable cash flow. The property features two single-story buildings, offering a diverse mix of QSR, fast food, and storefront tenants. With a strong net operating income (NOI) of $602,765 and a 6.03% cap rate, this fee-simple offering presents a compelling return on investment. The property benefits from its proximity to major transportation arteries, including I-70, and is surrounded by a dense population with high average household incomes exceeding $123,113 within a 3-mile radius. Adjacent to a large multi-family community and a Residence Inn by Marriott, the center enjoys significant foot traffic and consumer synergy. The asking price is $10,000,000, representing a price per square foot of $661.51. This is a rare opportunity to acquire a core-profile, newly constructed retail asset in the Denver MSA with minimal near-term capital expenditure needs. The property's irreplaceable location and strong tenant lineup provide long-term stability and growth potential. The Jefferson County property features APN 518781.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,900,000
- ML approach
- $9,900,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Arvada
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.078
- Latitude
- 39.7979
- 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
$74,043
$543,855
$219,511
$763,366
-
$1,949,302
$816,778
$2,766,080
