6175 38Th AveWheat Ridge, CO 80033

Property Details for 6175 38Th Ave

Year built

1928

Construction

FRAME

Lot size

0.34 AC

Property size (Sq ft)

1,613 SF

Property type

Office buildings

APN

39-243-00-050

APU

3924300050

Description

This 2,920 square foot freestanding building in Wheat Ridge, Colorado, presents a unique investment opportunity. Located on the bustling 38th Avenue corridor, this property boasts high visibility and easy accessibility. Currently configured as a daycare center, it features multiple versatile rooms on the ground floor and a partially finished basement office area. Ample parking is available both front and rear. A fully fenced playground is situated at the rear. Built in 1928, the single-story structure sits on a lot with a MU-N (Mixed Use Neighborhood) zoning designation, offering significant redevelopment potential for a variety of uses, including mixed-use projects combining residential and commercial elements. The property's address is 6175 W 38th Ave, Wheat Ridge, CO 80033, and the Jefferson County APN is 39-243-00-050. The asking price is $1,050,000. The net rentable square footage is 2,920. This presents a compelling opportunity for investors and businesses seeking a prime location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $296,430

  6.5%

  $273,628

  7%

  $254,083

• Comparable approach

  Method

  Valuation

  Relative Method

  $328,255

  Geo Method

  $133,266

• Alternative Use

  Use

  Valuation

  Residential

  $339,298

  Hospitality

  $310,795

  Educational

  $258,578

  Medical

  $267,471

  Retail

  $402,232

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.7697

Longitude

-105.065

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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