7481 Kearney StCommerce City, CO 80022

Property Details for 7481 Kearney St

Year built

1915

Lot size

4.86 AC

Property size (Sq ft)

600 SF

Property type

Office properties

Property subtype

Office buildings

APN

R0079294

APU

R0079294

Description

This exceptional 600-square-foot warehouse property at 7481 Kearney St, Commerce City, CO 80022, presents a unique redevelopment opportunity. Situated on a substantial 211,702-square-foot lot, this single-building property offers significant potential. Currently configured as an auto salvage yard, the property boasts a secure, fully fenced perimeter. The existing improvements include a crusher and other fixed assets, which are available for separate purchase. The property is zoned PUD and I2, allowing for diverse redevelopment options. Built in 1915, this property offers a blank canvas for a new owner. The asking price is $3,175,530, translating to $5,292.55 per square foot. The property is available for occupancy on July 31, 2024. This is a rare find in Commerce City, ideal for owner-users or investors seeking a light industrial lot with substantial redevelopment potential. The Adams County location provides excellent access to major transportation routes. The property's history as a long-standing salvage yard provides a unique opportunity for creative repurposing. This is a chance to acquire a significant piece of land in a growing area. The parcel's size and zoning offer flexibility for various development projects.

• CAP approach

  CAP return

  Valuation

  6%

  $143,355

  6.5%

  $132,328

  7%

  $122,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $157,553

  Geo Method

  $49,572

• Alternative Use

  Use

  Valuation

  Residential

  $164,086

  Hospitality

  $150,302

  Educational

  $125,050

  Medical

  $129,350

  Retail

  $194,522

Location Insight

City

Commerce City

County

Adams

State

Colorado

Latitude

39.8332

Longitude

-104.918

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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