12345 52Nd AveWheat Ridge, CO 80033
- Office properties
- 5,493 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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