7980 44Th AveWheat Ridge, CO 80033

Property Details for 7980 44Th Ave

Year built

2006

Construction

WOOD FRAME

Lot size

0.79 AC

Property size (Sq ft)

2,005 SF

Property type

Car washes

APN

39-233-02-009

APU

3923302009

Description

This thriving car wash in Wheat Ridge, Colorado, presents a compelling investment opportunity. Located at 7980 W 44th Ave, this 3,253 square foot facility boasts three self-serve wash bays and two Karcher automatic wash bays, ensuring efficient car flow and high throughput. The property benefits from a modern, well-maintained equipment setup, consistently delivering a superior customer experience. Further enhancing its appeal is a monthly membership app, streamlining operations and fostering customer loyalty. Four Fragramatics shampoo vacuums add to the customer convenience and revenue streams. Situated a quarter-mile west of Wadsworth Boulevard on 44th Avenue, the car wash benefits from the city's ongoing improvements to Wadsworth, including enhanced intersection designs at 44th Avenue, which promise increased traffic flow and improved accessibility. The location enjoys a competitive advantage with only seven other self-serve/automatic car washes within a two-mile radius. This property is ideal for an operator seeking portfolio expansion or an investor looking to enter the lucrative car wash market. The asking price is $2,900,000, translating to $891.48 per square foot. The property is located in Jefferson County, Colorado, zip code 80033.

• CAP approach

  CAP return

  Valuation

  6%

  $541,651

  6.5%

  $499,985

  7%

  $464,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,028,232

  Geo Method

  $417,446

• Alternative Use

  Use

  Valuation

  Residential

  $421,756

  Hospitality

  $386,326

  Educational

  $321,419

  Medical

  $332,473

  Retail

  $499,985

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.7762

Longitude

-105.086

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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