9601 57Th PlArvada, CO 80002

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 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.

• 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

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