7390 38Th AveWheat Ridge, CO 80033

  • Office properties
  • 3,027 SF
For Sale

Property Details for 7390 38Th Ave

Year built
1965
Construction
STEEL FRAME
Lot size
0.37 AC
Property size (Sq ft)
3,027 SF
Property type
Office properties
Property subtype
Office buildings
APN
39-261-00-048
APU
3926100048

Description

This exceptional 6,054-square-foot storefront retail space in Wheat Ridge, Colorado, presents a unique investment opportunity. Located at 7390 W 38th Ave, this freestanding building boasts a prime location in a high-density area off 38th Avenue. The property, with APN 300024293, underwent a complete renovation in 2022, featuring 3,000 square feet on the main level and an additional 3,000 square feet in a fully insulated basement. Upgrades include all new flooring, furnaces, HVAC systems, lighting, plumbing, and electrical work. A prominent monument sign ensures high visibility from the busy 38th Avenue. The large lot provides ample off-street parking for customers and employees. This single-building property offers a versatile space ideal for a variety of retail uses, benefiting from its convenient location and recent modernization. The Jefferson County address and 80033 zip code offer easy access to major transportation routes and a thriving community. This is a turn-key opportunity for a discerning buyer seeking a well-maintained, high-impact retail space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $556,288
    6.5%
    $513,497
    7%
    $476,818
  • Comparable approach

    Method
    Valuation
    Relative Method
    $616,011
    Geo Method
    $250,091
  • Alternative Use

    Use
    Valuation
    Residential
    $636,736
    Hospitality
    $583,247
    Educational
    $485,255
    Medical
    $501,943
    Retail
    $754,840
7390 38Th Ave, Wheat Ridge, Colorado

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.7691
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
$24,927
$106,812
$178,278
$285,090
-
$382,839
$668,991
$1,051,830

FAQs

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