7390 38Th AveWheat Ridge, CO 80033

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 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.

• 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

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

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