12345 52Nd AveWheat Ridge, CO 80033

  • Office properties
  • 5,493 SF
For Sale
$1,293,910 View listing

Property Details for 12345 52Nd Ave

Year built
1984
Construction
STEEL FRAME
Lot size
0.53 AC
Property size (Sq ft)
5,493 SF
Property type
Office properties
Property subtype
Office buildings
APN
39-171-04-008
APU
3917104008

Description

This exceptional 10,806-square-foot flex space property in Wheat Ridge, Colorado, presents a compelling investment opportunity. Situated on a 0.53-acre lot at 12345 W 52nd Ave, 80033, this single-tenant building offers a unique blend of office and industrial space, ideal for research and development or similar uses. Built in 1984, the property features two stories, with ground floor shop and lab space. The zoning is PUD-Industrial. Ample parking is provided with 32 spaces, and convenient access is ensured by two drive-in bays. The current tenant, TDA Research, Inc., a long-term occupant of over 30 years, specializes in cutting-edge chemical processes, materials, and hardware for clients in defense, aerospace, energy, and chemical industries, including multiple federal agencies. Their consistent revenue growth demonstrates the stability and potential of this investment. This property offers a rare combination of established tenancy, strategic location, and versatile space, making it an attractive prospect for discerning investors seeking a strong return on investment in the thriving Wheat Ridge market. The property is classified as Office, Industrial with a Warehouse, Flex subtype.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,009,478
    6.5%
    $931,826
    7%
    $865,267
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,117,856
    Geo Method
    $453,832
  • Alternative Use

    Use
    Valuation
    Residential
    $1,155,465
    Hospitality
    $1,058,399
    Educational
    $880,576
    Medical
    $910,860
    Retail
    $1,369,785
12345 52Nd Ave, Wheat Ridge, Colorado

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.7913
Longitude
-105.137
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
$32,400
$54,234
$289,243
$343,477
-
$194,387
$1,066,713
$1,261,100

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