4045 Wadsworth BlvdWheat Ridge, CO 80033

Property Details for 4045 Wadsworth Blvd

Year built

1961

Construction

STEEL FRAME

Property size (Sq ft)

277 SF

Property type

Office properties

APN

39-233-22-002

APU

3923322002

Description

This exceptional 1,125 square foot executive office condo, located at 4045 Wadsworth Blvd in Wheat Ridge, Colorado, presents a compelling investment or owner-user opportunity. Situated in the Wadsworth Professional Building, a Class C property totaling 39,168 square feet, this single-tenant suite is ideally suited for professional or medical practices. The building boasts ample parking with a generous 5:1,000 ratio, ensuring convenient access for clients and staff. Originally constructed in 1961 and extensively renovated in 2001, the building offers modern amenities within a well-established location. The condo enjoys convenient access to Interstate 70 and Wadsworth Boulevard, providing excellent visibility and accessibility. This property is located in Jefferson County, Colorado, zip code 80033, and is minutes away from Exempla Lutheran Medical Center. The asking price has been significantly reduced to $98,000 (previously $140,625), making this an attractive proposition for discerning buyers. This is a rare opportunity to acquire a well-maintained, conveniently located office condo in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $57,693.20

  6.5%

  $53,255.30

  7%

  $49,451.30

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,371.10

  Geo Method

  $22,885.70

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $103,604

  Retail / Commercial

  $53,371

  Mixed-Use / Specialty

  $53,372.50

  Hospitality / Lodging

  $39,407.50

  Institutional / Educational

  $55,554.50

  Residential Income

  $64,998.80

  Multifamily

  $76,892.40

  Automotive / Energy

  $47,618.10

  Parking / Income-Based Land

  $16,242.90

  Restaurant / Food Service

  $28,168.90

  Healthcare / Senior Housing

  $54,535.80

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.7724

Longitude

-105.082

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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