9601 57Th PlArvada, CO 80002
- Retail properties
- 4,640 SF
Property Details for 9601 57Th Pl
- Year built
- 1960
- Construction
- STEEL FRAME
- Lot size
- 0.41 AC
- Property size (Sq ft)
- 4,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 39-103-07-004
- APU
- 3910307004
Description
This Arvada, Colorado retail center offers nearly 5,000 square feet of space, ideally situated just off Ralston Road in a rapidly growing area. The property boasts a prime location across from a Walmart shopping center, ensuring high traffic volume and strong tenant support. With 695 new single-family, multi-family, and townhome units under construction within a half-mile radius at Arvada Villa, future growth potential is significant. Currently operating under gross leases, this multi-tenant center presents a compelling opportunity to transition to a triple-net (NNN) lease structure upon renewal, maximizing rental income. The property is priced well below replacement cost at $162 per square foot, representing a strong value proposition. Established long-term tenants provide stable income, while individual meters for gas, electric, and sewer offer efficient utility management. This low-cost retail center is an excellent investment opportunity in a thriving Colorado market. The asking price is $750,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,253,496
- 6.5%
- $1,157,073
- 7%
- $1,074,425
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,379,550
- Geo Method
- $966,059
-
Alternative Use
- Use
- Valuation
- Residential
- $976,034
- Hospitality
- $894,042
- Educational
- $743,832
- Medical
- $769,414
- Retail
- $1,157,073
Location Insight
- City
- Arvada
- County
- Jefferson
- State
- Colorado
- Latitude
- 39.8012
- Longitude
- -105.105
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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