4865 Ward RdWheat Ridge, CO 80033

Property Details for 4865 Ward Rd

Year built

2001

Construction

STEEL FRAME

Lot size

1.55 AC

Property size (Sq ft)

15,555 SF

Property type

Office properties

Property subtype

Office buildings

APN

39-173-02-010

APU

3917302010

Description

This exceptional investment opportunity presents 15,434 square feet of vacant office and flex space within the West Ridge Business Park in Wheat Ridge, Colorado. Located at 4865 Ward Road, this property offers convenient access to I-70 and Ward Road, providing easy commutes to west Denver and downtown Denver. The single-story building, constructed in 2001, is part of a three-building complex situated on 1.55 acres. The space features abundant natural light from large windows and ample surface parking (70 spaces, a 5.00/1,000 SF ratio). The property is zoned C1-Wheat Ridge in Jefferson County and is currently divisible into units ranging from 7,660 to 7,774 contiguous square feet. The well-maintained landscaping complements the modern design. This property is ideal for a single user requiring approximately 7,000 square feet or an investor seeking a value-add opportunity. The property's location and features make it a highly desirable asset in a thriving market. The address is 4865 Ward Road, Wheat Ridge, CO 80033.

• CAP approach

  CAP return

  Valuation

  6%

  $2,858,627

  6.5%

  $2,638,732

  7%

  $2,450,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,165,530

  Geo Method

  $1,285,154

• Alternative Use

  Use

  Valuation

  Residential

  $3,272,028

  Hospitality

  $2,997,160

  Educational

  $2,493,602

  Medical

  $2,579,361

  Retail

  $3,878,937

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.7843

Longitude

-105.139

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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