Lakewood Apartment Building
10635 W 7th Avenue, Lakewood, CO 80215
For Sale
$1,900,000
10-unit apartment building in Lakewood, Colorado.
Property Size10,782 SF
Price / SF$176.22
Days on Market358
Property Features for 10635 W 7th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Josh Newell · License CO FA100001439
(303) 962-9559
Source:
Pinnaclerea
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Jul 27 at 3:38PM
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 Pinnacle Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 10-unit apartment building in Lakewood has been sold. The property is categorized as an apartment building, multifamily property, and residential income property. The property size is 10,782 square feet.
Key Highlights
- 10 Unit Apartment Building
- Location: Lakewood
- JUST SOLD!
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,128
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,742,560
$2.7M
Cap Rate 7%
$1,958,971
$2.0M
Cap Rate 9%
$1,523,644
$1.5M
Market Conditions
NOI Build-Up for 10,782 SF
Gross rent
$265.2K $24.60/SF
− Vacancy
−$15.9K −$1.48/SF
EGI
$249.3K $23.12/SF
− OpEx
−$112.2K −$10.41/SF
NOI
$137.1K $12.72/SF
Area
Lakewood, CO
Vacancy
6.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,742,560
Cap Rate 7%
$1,958,971
Cap Rate 9%
$1,523,644
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.71M – $2.29M
NOI $137,128 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,060 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,050
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
$615,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Jefferson County, CO
Properties on Market for Apartment buildings in Jefferson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 10-unit apartment building in Lakewood, Colorado.
Where is this apartment building located?
The property is located at 10635 W 7th Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10 Unit Apartment Building; Location: Lakewood; JUST SOLD!
