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    7705 W 61St Ave Arvada, CO 80004

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    7705 W 61St Ave Arvada, CO 80004

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    • Residential income homes
    • 3,096 SF
    • 0.23 lot acres
    For Sale
    $970,000
    View Listing →
    Arvada Four-Unit Multifamily Property For Sale
    $970,000
    3,096 SF

    Arvada Four-Unit Multifamily Property

    Four units located near Olde Town Arvada.

    7705 W 61st Ave, Arvada, CO 80004
    View Listing
    Property ID
    US13-0439155
    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
    3.4%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 7705 W 61St Ave

    Year built
    1959
    Construction
    STEEL FRAME
    Lot size
    0.23 lot acres
    Property size
    3,096 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    39-112-00-011
    APU
    3911200011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,170,000
      ML approach
      $1,160,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $665,000
      6.5%
      $615,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,078,000
      Market price range: $502k - $1.17M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $920,000
      Current use
      COMMERCIAL (GENERAL)
      $1,510,000
      Change: +64% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,500,000
      Change: +63% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,425,000
      Change: +55% Conversion: Difficult
      RETAIL STORES
      $1,245,000
      Change: +35% Conversion: Difficult
      OFFICE BUILDING
      $1,190,000
      Change: +29% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.083
    Latitude
    39.8073
    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
    $4,593
    $13,716
    $33,637
    $47,353
    -
    $204,720
    $557,040
    $761,760

    Comparable in this City

    • Value Estimation
      $630,000
      3,348 SF

      8661 62nd Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,348 SF
      8661 62nd Ave, Arvada, CO 80004-3209
      View Details
    • Value Estimation
      $565,000
      3,234 SF

      10405 62nd Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,234 SF
      10405 62nd Pl, Arvada, CO 80004-4818
      View Details
    • Value Estimation
      $595,000
      3,640 SF

      6297 Estes St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,640 SF
      6297 Estes St, Arvada, CO 80004-3165
      View Details
    • Value Estimation
      $815,000
      4,032 SF

      5900 Miller St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,032 SF
      5900 Miller St, Arvada, CO 80004-4763
      View Details
    • Value Estimation by Request
      1,829 SF

      7712 Robinson Way

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,829 SF
      7712 Robinson Way, Arvada, CO 80004-5547
      View Details
    • Value Estimation
      $1,180,000
      4,050 SF

      10362 59th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,050 SF
      10362 59th Ave, Arvada, CO 80004-6458
      View Details

    Similar Nearby for Sale

    • $2,400,000

      Arvada 12-Unit Multifamily Property

      12-unit multifamily property located in Arvada, Colorado.
      9990 W 59Th Pl, Arvada, CO 80004
      View Details
    • $2,500,000
      9,000 SF

      Arvada Multifamily Investment Opportunity

      Stabilized 12-unit apartment asset in a desirable Arvada location.
      10542 W 63Rd Pl, Arvada, CO 80004
      View Details
    • Contact for pricing

      42-Unit Multifamily Opportunity

      42-unit multifamily property available for sale.
      6449 Miller St, Arvada, CO 80004
      View Details
    • Contact for pricing
      10,101 SF

      Lakewood and Arvada Townhome Portfolio

      Bulk opportunity: 18 fee-simple townhomes in Lakewood and Arvada.
      13970-13995 Devinney Ct, Arvada, CO 80004
      View Details
    • $920,000

      Arvada Apartment Building Sold

      Eight-unit apartment building in Arvada, Colorado, recently sold.
      5542 Newland Way, Arvada, CO 80004
      View Details
    • $3,810,000

      Arvada Apartment Building For Sale

      Apartment building in Arvada, Colorado available for purchase.
      7635 West 60Th Ave, Arvada, CO 80004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Space Available

      Office space suitable for various professional tenants.
      12191 W 64Th Ave, Arvada, CO 80004
      View Details
    • Contact for pricing

      Remodeled Retail Space in Arvada

      Newly remodeled 5,306 SF retail space in a lively center.
      9812 W 60Th Ave, Arvada, CO 80004
      View Details
    • Contact for pricing
      2,491 SF

      Turn-Key Medical/Dental Office Space

      Prime medical/dental office space in a sought-after location.
      6390 Gardenia St, Arvada, CO 80004
      View Details
    • Contact for pricing
      1,400 SF

      Arvada Office Space for Lease

      Office suites available for lease in Arvada, Colorado.
      5990 Kipling St, Arvada, CO 80004
      View Details
    • Contact for pricing
      875 SF

      Arvada Retail/Flex Space Available

      3,000 SF retail/flex space in Arvada for lease.
      9806-9868 Ralston Rd, Arvada, CO 80004
      View Details
    • $25 SF/Yr

      Arvada Retail/Office Space Available

      Retail/office space with outside entrance and signage available in Arvada.
      9840 W 59Th Pl, Arvada, CO 80004
      View Details
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    Arvada, CO 80004
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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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