3885 Upham StWheat Ridge, CO 80033

Property Details for 3885 Upham St

Year built

1979

Lot size

1.47 AC

Property size (Sq ft)

23,291 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

39-234-04-031

APU

3923404031

Description

This exceptional investment opportunity presents a 34,935-square-foot medical office building situated on a 1.47-acre lot in Wheat Ridge, Colorado. The property, built in 1979, offers 29,046 square feet of rentable space, boasting 11,645-square-foot floor plates, including a basement. With 143 parking spaces (a 4.21/1,000 ratio), ample parking is available for tenants and visitors. Currently operating at 56.2% occupancy, this multi-tenant building presents a strong owner-user potential or a value-add opportunity. The asking price is $3,295,000, translating to $94.32 per square foot. The property's pro-forma net operating income (NOI) is $257,546, yielding a 7.82% pro-forma capitalization rate. Its central location near the intersection of 38th Avenue and Wadsworth Boulevard offers excellent visibility and accessibility. The property's proximity to the Lutheran Legacy Campus Master Plan Redevelopment project at 8300 W 38th Avenue further enhances its long-term value and potential. The address is 3885 Upham St, Wheat Ridge, CO 80033. This is a rare chance to acquire a well-positioned medical office complex in a thriving Colorado community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,280,314

  6.5%

  $3,951,059

  7%

  $3,668,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,739,849

  Geo Method

  $1,924,302

• Alternative Use

  Use

  Valuation

  Residential

  $4,899,313

  Hospitality

  $4,487,744

  Educational

  $3,733,751

  Medical

  $3,862,160

  Retail

  $5,808,056

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.7709

Longitude

-105.079

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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