12198 Ridge RdWheat Ridge, CO 80033

  • Industrial properties
  • 7,726 SF
For Sale
$2,449,999 View listing

Property Details for 12198 Ridge Rd

Year built
1968
Construction
STEEL FRAME
Lot size
1.12 AC
Property size (Sq ft)
7,726 SF
Property type
Industrial properties
Property subtype
Life science properties
APN
39-174-06-002
APU
3917406002

Description

This exceptional industrial property, located at 12198 Ridge Rd in Wheat Ridge, Colorado (zip code 80033), offers a unique opportunity for businesses seeking versatile space. The complex comprises three buildings totaling 13,541 square feet on a 1.12-acre lot, zoned I-E. Built in 1968 and renovated in 1963, the property features two loading docks and benefits from a newly paved lot (completed August 2024). Its central Wheat Ridge location, near I-70 and Ward, provides excellent accessibility. The property is available for both sale ($2,449,999, $180/sq ft) and lease on a gross lease basis, with multiple tenancies possible. The extremely permissive zoning makes it suitable for a wide range of industrial users needing flex space and ample yard area. The property's proximity to "The Ridge at Ward Station" further enhances its appeal and potential for growth. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,625,181
    Hospitality
    $1,488,657
    Educational
    $1,238,545
    Medical
    $1,281,141
    Retail
    $1,926,626
12198 Ridge Rd, Wheat Ridge, Colorado

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.788
Longitude
-105.136
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
$45,347
$68,031
$425,687
$493,718
-
$243,840
$1,555,760
$1,799,600

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