7651 41St AveWheat Ridge, CO 80033

  • Office properties
  • 4,891 SF
For Sale
$1,450,000 View listing

Property Details for 7651 41St Ave

Year built
1971
Construction
STEEL FRAME
Lot size
0.72 AC
Property size (Sq ft)
4,891 SF
Property type
Office properties
Property subtype
Office buildings
APN
39-233-00-015
APU
3923300015

Description

This exceptional 0.72-acre land parcel in Wheat Ridge, Colorado presents a compelling redevelopment opportunity. Located at 7651 W 41st Ave, 80033, this property boasts a strategic location within the Wadsworth Corridor Urban Renewal Plan Area, benefiting from a 2008 voter exemption from height and density limitations. The site currently features a 9,782 square foot, two-story office building constructed in 1971, along with approximately 50 surface parking spaces. The MU-C zoning permits a diverse range of uses, including residential (townhomes are specifically permitted), commercial, and retail development, making it ideal for mixed-use projects. This high-density zoning, situated along major commercial corridors and near employment and community activity centers, encourages medium to high-density development. The asking price for this exceptional investment is $1,450,000. This property offers significant potential for investors seeking to capitalize on the vibrant Wheat Ridge submarket and its flexible zoning regulations. Jefferson County location provides easy access to major transportation routes and amenities. Don't miss this chance to acquire a prime piece of land with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $898,846
    6.5%
    $829,704
    7%
    $770,439
  • Comparable approach

    Method
    Valuation
    Relative Method
    $995,346
    Geo Method
    $404,094
  • Alternative Use

    Use
    Valuation
    Residential
    $1,028,833
    Hospitality
    $942,405
    Educational
    $784,070
    Medical
    $811,035
    Retail
    $1,219,664
7651 41St Ave, Wheat Ridge, Colorado

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.7733
Longitude
-105.082
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
$14,349
$109,368
$54,740
$164,108
-
$392,000
$226,200
$618,200

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