Listing Agency: Peak CRE Show Phone

Listed By: Tim P. Rogers Show Phone

Source: Moodyscre

Added: Aug 24 Changed: Oct 2 Last Checked: Oct 15 at 12:15AM

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Investment Insights

Based on property information with market context.

Unit E is a 7,287-square-foot industrial flex condominium in Lakewood, Colorado, combining warehouse, office, and mezzanine areas within one commercial space. The configuration provides a practical mix of work, storage, and administrative areas for an owner-user or other industrial occupant.

Loading capability includes two docks designed for 53-foot trailers and a 14-foot-high drive-in door. The property is located at 11111 W. 8th Avenue in the West Denver area, offering a defined industrial setting for businesses requiring both warehouse and office components.

Key Highlights

• 7,287 SF industrial flex condominium in Lakewood, Colorado
• Warehouse, office, and mezzanine space in Unit E
• Two loading docks suitable for 53' trailers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$109,655

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,193,100 $2.2M

Cap Rate 7%

$1,566,500 $1.6M

Cap Rate 9%

$1,218,389 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,287 SF

Gross rent

$192.4K $26.40/SF

− Vacancy

−$46.2K −$6.34/SF

EGI

$146.2K $20.06/SF

− OpEx

−$36.6K −$5.02/SF

NOI

$109.7K $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%

$2,193,100

Cap Rate 7%

$1,566,500

Cap Rate 9%

$1,218,389

Alternative Uses

Best Use

Office B

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,655 @ 7.0% cap · market cap 5.93%

Second Best

Warehouse

$1.00M

$875.4K – $1.17M (±1% cap)

NOI $70,030 @ 7.0% cap · market cap 3.79%

Theoretical Best

Office A

$2.18M

$1.91M – $2.55M (±1% cap)

NOI $152,782 @ 7.0% cap · market cap 8.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Food Market Cafe & Coffee Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Dock-high doors

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

804

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Combines warehouse, office, and mezzanine areas within a functional industrial layout.

Where is this flex space located?

The property is located at 11111 W 8th Ave Lakewood, CO.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 7,287 SF industrial flex condominium in Lakewood, Colorado; Warehouse, office, and mezzanine space in Unit E; Two loading docks suitable for 53' trailers