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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7703 Ralston Rd Arvada, CO 80002-2431

    • Office buildings
    • 2,326 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    8.1%
    Office buildings
    Location Intelligence
    Property ID
    US13-0200658
    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

    • Hart's Dancewear / Shoe Store / Dance Store

    Property Details for 7703 Ralston Rd

    Year built
    1883
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    2,326 SF
    Property type
    Office buildings
    APN
    39-113-12-034
    APU
    3911312034

    Description

    This stunning 3,422 sq ft historic property, built in 1883, is located in the heart of Olde Town Arvada at 7703 Ralston Rd, Jefferson County, CO 80002. The property boasts beautiful hardwood floors, leaded glass chandeliers, and abundant natural light. Currently configured as mixed-use space, the main level (1166 sq ft) offers retail space with a flexible lease, easily reconfigured into four individual offices. The second level (1166 sq ft) mirrors this layout, also adaptable to four separate offices. A 200 sq ft loft provides additional office space. An 896 sq ft unfinished basement offers significant storage or expansion potential. The property includes seven parking spaces and sits on a .28-acre lot (12,197 sq ft) with mature trees and mountain views. The building is zoned OT-RR (Olde Town Ralston Road Mixed Use Business Enterprise District), allowing for live/work options or potential multifamily conversion. Currently 50% occupied, with one lease expiring in November 2024, this presents a unique opportunity for owner-users or investors. The property's prime location offers excellent visibility on Ralston Road, proximity to Olde Town amenities, and easy access to light rail, bus routes, and I-70. The asking price is $1,700,000 ($496.79/sq ft), with a net rentable area of 2,526 sq ft. The potential for rooftop patio expansion adds further value. This is a rare chance to acquire a piece of Arvada's history with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $520,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $776,000
      Market price range: $407k - $1.08M
      AI Estimate
      $538,000
      Market price range: $244k - $881k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $800,000
      Current use
      RETAIL STORES
      $935,000
      Change: +17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.083
    Latitude
    39.8023
    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
    $15,726
    $23,541
    $138,587
    $162,128
    -
    $84,375
    $526,726
    $611,101

    Comparable in this City

    • Value Estimation by Request
      1,425 SF

      7855 Ralston Rd

      OFFICE BUILDING • 1,425 SF
      7855 Ralston Rd, Arvada, CO 80002-2433
      View Details
    • Value Estimation by Request
      1,078 SF

      5716 Ammons St

      OFFICE BUILDING • 1,078 SF
      5716 Ammons St, Arvada, CO 80002-2424
      View Details
    • Value Estimation by Request
      1,207 SF

      5780 Dudley St

      OFFICE BUILDING • 1,207 SF
      5780 Dudley St, Arvada, CO 80002
      View Details
    • Value Estimation
      $1,920,000
      8,518 SF

      5275 Marshall St

      OFFICE BUILDING • 8,518 SF
      5275 Marshall St, Arvada, CO 80002-3918
      View Details
    • Value Estimation
      $760,000
      4,716 SF

      5520 Marshall St

      OFFICE BUILDING • 4,716 SF
      5520 Marshall St, Arvada, CO 80002-3108
      View Details
    • Value Estimation
      $835,000
      2,820 SF

      5765 Olde Wadsworth Blvd

      OFFICE BUILDING • 2,820 SF
      5765 Olde Wadsworth Blvd, Arvada, CO 80002-2516
      View Details

    Similar Nearby for Sale

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      Free Standing Office Building

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      Arvada Office Building For Sale

      Actively renovated medical and law office building in Arvada.
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      Arvada Office Building For Sale

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      8,518 SF

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      20,653 SF

      Arvada Office Building For Sale

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    Similar Nearby for Lease

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      21,278 SF

      Arvada Flex/Office Property

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    • $2,611,200
      17,408 SF

      Arvada Flex Office Building

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    • $21 SF/Yr
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      Olde Town Arvada Creative Office Space

      1980 SF Creative Office, Newly Renovated
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      View Details
    • $19 SF/Yr
      1,454 SF

      Arvada Office Space Available

      Office space with access to I-70, Downtown Denver, DIA.
      7375 W 52Nd Ave, Arvada, CO 80002
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    • $10 SF/Yr
      42,689 SF

      Arvada Flex Office Building

      Flex office building for sale or lease in Arvada.
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    • $11 SF/Yr
      20,427 SF

      Arvada Warehouse Space Available

      Industrial warehouse space in Arvada, CO.
      6078 55Th Ave, Arvada, CO 80002
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    7703 Ralston Rd
    Arvada, CO 80002-2431
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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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