5656 Ward WayArvada, CO 80002

Property Details for 5656 Ward Way

Year built

2002

Construction

STEEL FRAME

Lot size

0.90 AC

Property size (Sq ft)

7,200 SF

Property type

Retail properties

Property subtype

Retail space

APN

39-083-06-005

APU

3908306005

Description

This exceptional 2,400-square-foot retail space is ideally situated at 5656 Ward Way, Arvada, near the intersection of Ward Road and West 58th Avenue. Currently vacant, this single-tenant property offers immediate occupancy. Built in 2002 and renovated in 2018, the building boasts a high-image design and established neighboring tenants. The space features a spacious open showroom/retail area, separated by a demising wall from a rear storage area. A full, partially finished basement provides additional storage or office space. The property includes approximately 4.17 parking spaces per 1,000 square feet. The zoning is P-D (Jefferson County). This location benefits from significant recent residential growth in the area, including the addition of Timberline Farms (302 apartments) and SaBell developments near Little Raven Park. High visibility from Ward Road and available signage make this an excellent opportunity for businesses seeking strong exposure and a thriving customer base. The property offers a prime location within a rapidly expanding residential community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,945,079

  6.5%

  $1,795,458

  7%

  $1,667,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,692,406

  Geo Method

  $1,499,057

• Alternative Use

  Use

  Valuation

  Residential

  $1,514,536

  Hospitality

  $1,387,307

  Educational

  $1,154,223

  Medical

  $1,193,918

  Retail

  $1,795,458

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Latitude

39.8003

Longitude

-105.138

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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