5310 Ward RdArvada, CO 80002

Property Details for 5310 Ward Rd

Year built

1980

Construction

CONCRETE

Lot size

1.41 AC

Property size (Sq ft)

30,359 SF

Property type

Office properties

Property subtype

Office buildings

APN

39-171-05-070

APU

3917105070

Description

Supreme Offices II, located at 5310 Ward Rd in Arvada, Colorado 80002, presents a fantastic opportunity for medical professionals. This Class B, three-story building totaling 30,737 square feet sits on 1.9 acres of land and was constructed in 1980. The property features one building with 90 total parking spaces, making it convenient for both staff and patients. Currently, there are six available suites ranging in size from 486 to 1,147 square feet, perfect for a variety of medical practices. The building is not equipped with elevators. Leases are structured as a Modified Gross format, encompassing most utilities (water, gas, and electricity), heating, air conditioning, and janitorial services. Tenants are responsible for their own business phone and internet services

• CAP approach

  CAP return

  Valuation

  6%

  $5,579,238

  6.5%

  $5,150,066

  7%

  $4,782,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,178,226

  Geo Method

  $2,508,260

• Alternative Use

  Use

  Valuation

  Residential

  $6,386,082

  Hospitality

  $5,849,617

  Educational

  $4,866,812

  Medical

  $5,034,190

  Retail

  $7,570,598

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Latitude

39.793

Longitude

-105.137

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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