16255 64Th AveArvada, CO 80007

Property Details for 16255 64Th Ave

Year built

2001

Construction

STEEL FRAME

Lot size

2.16 AC

Property size (Sq ft)

22,858 SF

Property type

Retail space

APN

30-013-13-008

APU

3001313008

Description

This exceptional 1,235 square foot office space is situated within the Shops at Westwood, a single-story retail center built in 2001, located at 16255 W 64th Ave, Arvada, CO 80007. The property boasts ample parking and convenient access via Quaker Street. The space is currently configured as an insurance office and features a sunny retail entrance. It's part of a larger 22,539 square foot building with a total of 11 suites, offering a flexible and adaptable layout. The minimum divisible space is 1,235 square feet, which is also the maximum contiguous space currently available. The lease terms are for 36 months or longer. The rental rate is $18.00 per square foot, triple net (NNN), resulting in a base rent of $1,853 per month. Common area maintenance (CAM) charges are $14.27 per square foot, totaling $1,468.62 per month. The total monthly rent, inclusive of base rent and CAM, is $3,321.62. The 2.16-acre lot provides ample space for the building and parking. The property is ready for occupancy on April 1, 2025. This is an excellent opportunity for a business seeking a well-located, move-in ready office space in a thriving Arvada location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,175,086

  6.5%

  $5,700,080

  7%

  $5,292,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,722,362

  Geo Method

  $4,759,090

• Alternative Use

  Use

  Valuation

  Residential

  $4,808,230

  Hospitality

  $4,404,314

  Educational

  $3,664,337

  Medical

  $3,790,359

  Retail

  $5,700,080

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Latitude

39.8137

Longitude

-105.182

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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