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    7651 W 41St Ave Wheat Ridge, CO 80033
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    Property profile & analytics

    7651 W 41St Ave Wheat Ridge, CO 80033

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    • Office buildings
    • 4,891 SF
    • 0.72 lot acres
    For Sale
    $1,450,000
    View Listing →
    Wheat Ridge Mixed-Use Development Site For Sale
    $1,450,000

    Wheat Ridge Mixed-Use Development Site

    31,000 SF site with mixed-use zoning and existing building.

    7651 W 41st Ave, Wheat Ridge, CO 80033
    View Listing
    Property ID
    US13-1104895
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 7651 W 41St Ave

    Year built
    1971
    Construction
    STEEL FRAME
    Lot size
    0.72 lot acres
    Property size
    4,891 SF
    Property type
    Office buildings
    APN
    39-233-00-015
    APU
    3923300015

    Description

    This exceptional 0.72-acre land parcel in Wheat Ridge, Colorado presents a compelling redevelopment opportunity. Located at 7651 W 41st Ave, 80033, this property boasts a strategic location within the Wadsworth Corridor Urban Renewal Plan Area, benefiting from a 2008 voter exemption from height and density limitations. The site currently features a 9,782 square foot, two-story office building constructed in 1971, along with approximately 50 surface parking spaces. The MU-C zoning permits a diverse range of uses, including residential (townhomes are specifically permitted), commercial, and retail development, making it ideal for mixed-use projects. This high-density zoning, situated along major commercial corridors and near employment and community activity centers, encourages medium to high-density development. The asking price for this exceptional investment is $1,450,000. This property offers significant potential for investors seeking to capitalize on the vibrant Wheat Ridge submarket and its flexible zoning regulations. Jefferson County location provides easy access to major transportation routes and amenities. Don't miss this chance to acquire a prime piece of land with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $530,000
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $633,000
      Market price range: $462k - $1.67M
      AI Estimate
      $503,000
      Market price range: $296k - $1.34M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,035,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wheat Ridge
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.082
    Latitude
    39.7733
    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
    $14,349
    $109,368
    $54,740
    $164,108
    -
    $392,000
    $226,200
    $618,200

    Comparable in this City

    • Value Estimation
      $1,700,000
      16,523 SF

      3805 Marshall St

      OFFICE BUILDING • 16,523 SF
      3805 Marshall St, Wheat Ridge, CO 80033-5069
      View Details
    • Value Estimation
      $605,000
      2,116 SF

      4660 Wadsworth Blvd

      OFFICE BUILDING • 2,116 SF
      4660 Wadsworth Blvd, Wheat Ridge, CO 80033-3306
      View Details
    • Value Estimation by Request
      2,154 SF

      4575 Wadsworth Blvd

      OFFICE BUILDING • 2,154 SF
      4575 Wadsworth Blvd, Wheat Ridge, CO 80033-3303
      View Details
    • Value Estimation by Request
      1,113 SF

      5059 Ward Rd

      OFFICE BUILDING • 1,113 SF
      5059 Ward Rd, Wheat Ridge, CO 80033-1904
      View Details
    • Value Estimation by Request
      920 SF

      4415 Yarrow St

      OFFICE BUILDING • 920 SF
      4415 Yarrow St, Wheat Ridge, CO 80033-3251
      View Details
    • Value Estimation by Request
      690 SF

      9605 49th Ave

      OFFICE BUILDING • 690 SF
      9605 49th Ave, Wheat Ridge, CO 80033-1720
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr

      Two-Story Office Building For Lease

      Refreshed office building with multiple suites and ample parking.
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      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office spaces ranging from 948 to 4,815 SqFt available.
      4350 Wadsworth Blvd, Wheat Ridge, CO 80033
      View Details
    • Contact for pricing

      Versatile Commercial Space in Wheat Ridge

      Expansive 5,500 SF property with flexible layout and excellent accessibility.
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      1,871 SF

      Modern Office Space in Lakewood

      Employee-centric office space in a vibrant business park for rent.
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      View Details
    View Listing
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    Wheat Ridge, CO 80033
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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