6073 44Th AveWheat Ridge, CO 80033

For Sale
$2,000,000

High-yield office building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a two-story, 15,321-square-foot office building situated on a 39,901-square-foot lot in Wheat Ridge, Colorado. The property boasts a diverse tenant mix within thirteen units, offering a current NOI of $91,445 and a 4.57% cap rate. A pro-forma analysis projects a significantly improved NOI of $121,046 and a 6.05% cap rate, showcasing substantial upside potential. Built in 1963, the building features a block/stucco exterior, a flat roof, and ample paved parking for 71 vehicles—a generous 5.5 spaces per unit. The property benefits from a high-visibility location on W 44th Avenue, adjacent to a Walmart, ensuring excellent exposure and accessibility. Recent improvements include new front-facing windows installed in 2023. The C-1 zoning allows for a variety of commercial uses. The asking price is $2,000,000, representing a price per square foot of $130.54 and a price per unit of $153,846.15. This multi-tenant building offers a compelling combination of strong current income and significant future growth potential, making it an attractive addition to any investment portfolio. Water and sewer services are connected to the master system.

Highlights

  • Tenant-occupied office building in Wheat Ridge, CO.
  • High-visibility location on W 44th Avenue.
  • Adjacent to Walmart with covered land.
  • Diverse tenant mix.
  • Ample parking: 71 spaces (5.5/unit).
  • New front-facing windows installed in 2023.

Property Details for 6073 44Th Ave

Property type
Other office properties, Office properties
Square Feet
15,321 SF
Year Built
1963
Buildings
1
Stories
2
Units
13

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.776720428971
Longitude
-105.06403327579
6073 44Th Ave, Wheat Ridge, Colorado

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6073 44Th Ave
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