11652 64Th AveArvada, CO 80004

Property Details for 11652 64Th Ave

Year built

2002

Construction

STEEL FRAME

Lot size

1.43 AC

Property size (Sq ft)

3,960 SF

Property type

Retail properties

Property subtype

Retail space

APN

39-081-01-051

APU

3908101051

Description

This exceptional single-story retail property, located at 11652 W 64th Ave in Arvada, Colorado, presents a compelling investment opportunity. Built in 2002 and fully renovated the same year, the building boasts 3,527 square feet situated on a generous 1.42-acre lot. The property is zoned MX-S, offering flexibility for a variety of retail uses. The asking price is $2,325,000, translating to a price per square foot of $659.20. This represents a strong value proposition, particularly considering the attractive 6.50% capitalization rate. The property operates under a triple-net (NNN) lease structure, minimizing the owner's operational responsibilities. Its prime location in Arvada, Jefferson County, within zip code 80004, ensures high visibility and accessibility. This is an ideal investment for those seeking a stable, high-return retail asset in a thriving Colorado market. The property's solid construction and desirable location combine to create a low-risk, high-reward investment opportunity. The single-building structure simplifies management, making it an attractive option for both seasoned investors and those new to commercial real estate. This property offers a compelling combination of strong financial performance and long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,069,794

  6.5%

  $987,502

  7%

  $916,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,030,823

  Geo Method

  $824,482

• Alternative Use

  Use

  Valuation

  Residential

  $832,995

  Hospitality

  $763,019

  Educational

  $634,823

  Medical

  $656,655

  Retail

  $987,502

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Latitude

39.8121

Longitude

-105.13

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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