Office Building with
10085 W 18th Avenue, Lakewood, CO 80215
For Sale
$1,584,000
Private offices occupy both levels, with an open work area and kitchen on the main floor.
Property Size5,760 SF
Price / SF$275
Days on Market145
Property Features for 10085 W 18th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass - Denver
Listed By:
David Williams · License #FA100087495
(413) 364-9757
Source:
Wanderflowerandco
Added: Jun 18
Changed: Nov 8
Last Checked: Nov 8 at 8:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass - Denver
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Investment Insights
Based on property information with market context.
This 5,760-square-foot office building, constructed in 1967 and subsequently remodeled, has private offices on both floors. The main level also includes a large open work area and a kitchen that connects to an outdoor patio. Bathrooms are present on each floor.
The property is currently operated as coworking space. Its existing office layout also supports owner occupancy or investment use.
The property is currently operated as coworking space. Its existing office layout also supports owner occupancy or investment use.
Key Highlights
- 5,760‑square‑foot office building, built in 1967
- Private offices on both floors
- Main‑floor open work area and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,676
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,520
$1.7M
Cap Rate 7%
$1,238,229
$1.2M
Cap Rate 9%
$963,067
$963.1K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$152.1K $26.40/SF
− Vacancy
−$36.5K −$6.34/SF
EGI
$115.6K $20.06/SF
− OpEx
−$28.9K −$5.02/SF
NOI
$86.7K $15.05/SF
Area
Lakewood, CO
Vacancy
24.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,520
Cap Rate 7%
$1,238,229
Cap Rate 9%
$963,067
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,676 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,766 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Lakewood
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Private offices occupy both levels, with an open work area and kitchen on the main floor.
Where is this office building located?
The property is located at 10085 W 18th Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $1,584,000.
What are key features of this property?
This property features: 5,760‑square‑foot office building, built in 1967; Private offices on both floors; Main‑floor open work area and kitchen
