5265 Vance StArvada, CO 80002

  • Healthcare properties
  • 16,262 SF
For Sale

Property Details for 5265 Vance St

Year built
1986
Construction
STEEL FRAME
Lot size
1.00 AC
Property size (Sq ft)
16,262 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
39-141-14-003
APU
3914114003

Description

This exceptional investment opportunity presents a fee-simple interest in a 16,280-square-foot medical office building in Arvada, Colorado. The property is 100% occupied by Innovative Renal Care under a 10-year absolute NNN lease (expiring June 30, 2033), providing a stable and predictable income stream. The lease includes a 2% annual rent increase, ensuring consistent growth in net operating income (NOI). The building, constructed in 1986 and renovated in 2007, sits on a 43,604-square-foot lot (approximately one acre) at 5265 Vance St, Arvada, CO 80002. Its prime location near the intersection of Wadsworth Boulevard and West 52nd Avenue offers high visibility and accessibility within a densely populated area. The tenant, Innovative Renal Care, is a reputable provider of dialysis services, providing a strong credit tenant with a corporate guarantee. The property's current annual NOI is $398,534. This investment offers a compelling combination of stability, growth potential, and minimal landlord responsibilities, making it an attractive addition to any portfolio seeking long-term, reliable returns. The lease commenced July 1, 2023, leaving nine years remaining. The property benefits from a strong demographic profile, with over 365,000 people residing within a five-mile radius and average household incomes exceeding $100,000. This presents a rare opportunity to acquire a stabilized, income-producing asset in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,988,556
    6.5%
    $2,758,667
    7%
    $2,561,620
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,309,408
    Geo Method
    $1,343,566
  • Alternative Use

    Use
    Valuation
    Residential
    $3,420,748
    Hospitality
    $3,133,386
    Educational
    $2,606,940
    Medical
    $2,696,597
    Retail
    $4,055,241
5265 Vance St, Arvada, Colorado

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.7922
Longitude
-105.079
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$73,127
$285,890
$468,024
$753,914
-
$1,024,694
$1,707,506
$2,732,200

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