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Property profile & analytics
FOR LEASE
Office buildings

8850 W 38Th Ave Wheat Ridge, CO 80033

2,385 SF 0.37 ac lot Built 1981
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US13-0878232
Property summary
AI-generated overview

This exceptional Wheat Ridge office property presents a fantastic leasing opportunity. Situated between Wadsworth and Kipling on West 38th Avenue, this conveniently located building offers immediate proximity to Lutheran Medical Center. The property encompasses a total of 4,850 square feet, housed within a single, two-story Class B building constructed in 1981 and extensively renovated in 2023. Currently, a single, contiguous suite of 2,524 square feet is available for lease, representing a significant portion of the building's total space. The building is comprised of three suites in total, making it an ideal setting for a variety of businesses. Ample parking is provided with 26 off-street spaces. The property sits on a 0.35-acre lot (15,967 square feet) and offers excellent visibility and signage opportunities along West 38th Avenue. The building does not include elevators. This is a rare opportunity to secure a well-maintained, updated office space in a highly desirable location with convenient access to major thoroughfares and essential services. The blend of traditional and creative office space makes it suitable for a diverse range of businesses.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction STEEL FRAME
Total area 2,385 SF
Lot 0.37 ac (15,967 SF)
APN 39-271-03-001
UPID US13-0878232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$525k
Comparable Approach Comparable
$574k
Blend (final) Blend
$520k
Owner & transaction history
Timothy J Wachuta · 5 yrs held
Timothy J Wachuta
since 2020
6 recorded transactions
2020
Price N/A
2013
$635,000
2007
$450,000
2003
$385,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $565,000 +5.6%
Retail stores $545,000 +2.1%
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More about this property
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