8850 W 38Th Ave Wheat Ridge, CO 80033
Property profile & analytics
8850 W 38Th Ave Wheat Ridge, CO 80033
- Office buildings
- 2,385 SF
- 0.37 lot acres
Property ID
US13-0878232
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
- Office buildings
Property Details for 8850 W 38Th Ave
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 0.37 lot acres
- Property size
- 2,385 SF
- Property type
- Office buildings
- APN
- 39-271-03-001
- APU
- 3927103001
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $570,000
- 6.5%
- $525,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $573,000
- AI Estimate
- $455,000
Market price range: $225k - $816kMarket price range: $144k - $651k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $535,000 Current use
- MEDICAL BUILDING
- $565,000 Change: +6% Conversion: Easy
- RETAIL STORES
- $545,000 Change: +2% Conversion: Moderate
- WAREHOUSE, STORAGE
- $505,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.096
- Latitude
- 39.7691
- 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
$14,131
$104,688
$43,796
$148,484
-
$375,225
$186,975
$562,200
