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Financial
Distress signals
Property profile

8850 West 38Th Ave Wheat Ridge, CO 80033

FOR LEASE
Office buildings
Property ID
US13-0878232
2,385 SF 0.37 ac lot Built 1981
Last sale Aug 2013 · $635,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$148k
Assessed land$105k
Assessed improvement$44k
Effective rate9.52%

Value estimate

· Oct 2026
$520k
$468k – $572k
CAP approach$525k
Submarket $/SF estimate$574k
NOI build-up
Gross scheduled income$102k
Vacancy & credit loss−$12k
Operating expenses−$23k
NOI · 618,427.27% cap applied$68k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$225/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$94 – $342
Qualifying comparables4

Cap rate analysis

How does the asset earn?
618,427.27%
$68k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.1
Parking Facility11.6
Daycare Center10.4

Location

8850 West 38Th Ave Wheat Ridge, CO 80033
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11460 44th, Wheat Ridge, CO 80033-2575 $1,650,000 Dec 2025 3,464 SF
9200 44th, Wheat Ridge, CO 80033-3007 $325,000 May 2025 1,898 SF
3660 Wadsworth, Wheat Ridge, CO 80033-4609 $511,212 Feb 2025 1,784 SF
11722 44th, Wheat Ridge, CO 80033-2557 $1,805,000 Jul 2024 2,072 SF
11180 44th, Wheat Ridge, CO 80033-2500 $655,000 Feb 2022 2,792 SF
6545 44th, Wheat Ridge, CO 80033-4749 $520,000 Oct 2021 2,278 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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