7760 38Th AveWheat Ridge, CO 80033

Property Details for 7760 38Th Ave

Year built

1979

Construction

STEEL FRAME

Lot size

2.09 AC

Property size (Sq ft)

37,376 SF

Property type

Office properties

Property subtype

Office buildings

APN

39-262-02-004

APU

3926202004

Description

This exceptional two-story office building, located at 7760 W 38th Ave in Wheat Ridge, Colorado, presents a compelling investment opportunity. Built in 1979, the property boasts a total of 37,472 square feet, currently offering 3,298 square feet of immediately available space. The building is classified as a traditional office space with commercial zoning, suitable for a variety of uses. Situated in Jefferson County, with easy access to major transportation routes, this property benefits from a highly desirable location within the vibrant Wheat Ridge community. The multiple tenancy structure provides flexibility for diverse business needs. The existing vacant space presents an immediate opportunity for expansion or lease to new tenants, generating additional income streams. The building's substantial size and prime location make it an ideal asset for investors seeking a strong return on investment in a thriving market. With its established presence and ample square footage, this property is well-positioned for long-term growth and profitability. The zip code is 80033. This is a rare opportunity to acquire a well-maintained, established office building in a highly sought-after area. The property's solid construction and convenient location make it an attractive option for both owner-occupiers and investors.

• CAP approach

  CAP return

  Valuation

  6%

  $6,868,791

  6.5%

  $6,340,422

  7%

  $5,887,535

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,606,226

  Geo Method

  $3,088,005

• Alternative Use

  Use

  Valuation

  Residential

  $7,862,124

  Hospitality

  $7,201,663

  Educational

  $5,991,699

  Medical

  $6,197,763

  Retail

  $9,320,421

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.7687

Longitude

-105.084

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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