Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Colfax Avenue Mixed-Use Redevelopment Opportunity Title is generated by Realmo AI

    11598 W Colfax Ave, Lakewood, CO 80215

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-visibility mixed-use property with redevelopment potential in a high-traffic area.

    Type:Office, Retail
    Property size:
    2,000 SF
    Added:
    Mar 27, 2026
    Days on Market:
    61
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 11598 W Colfax Ave

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Office, Retail

    We can help!

    Listing Contact
    Greg Knott
    Greg Knott

    Listing agent Greg Knott License #CO FA.001312096

    Listing office Unique Properties, Inc

    Listing date Mar 27, 2026

    Source Crexi

    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 Unique Properties, Inc

    HighLights

    • High‑visibility location at the intersection of W Colfax Ave and Simms St with monument signage and abundant parking.
    • Zoned MGU, allowing for multifamily development.
    • Located in a high‑traffic area with over 50,000 vehicles passing daily.
    • Solid income potential demonstrated by $15,000 in rental income in 2022.
    • Positioned within an opportunity zone in Lakewood, experiencing substantial investment and new residential developments.
    • Flexible building configuration with three ground‑floor units, eight second‑floor offices, and an unfinished basement.

    Overview

    Located at the intersection of W Colfax Ave and Simms St, this property at 11598 W Colfax Ave offers high visibility, monument signage, and ample parking. It is suitable for retail, office use, or future redevelopment. The building includes three ground-floor units totaling approximately 2,000 square feet. The second floor features eight individual offices or rooms, providing flexible workspace or rental configurations. An unfinished basement of approximately 2,000 square feet offers potential for future development or storage. The property generated over $15,000 in rental income in 2022 prior to being removed from the market, indicating income potential with opportunities to increase revenue through renovations and improved occupancy. Situated in a high-traffic area with over 50,000 vehicles passing daily, the property is zoned MGU, which allows for multifamily development. Positioned along Denver’s westward expansion corridor and within an opportunity zone, Lakewood is experiencing investment, new residential developments, and infrastructure enhancements. Additional adjoining parcels may be available for larger-scale development. The owner is open to a long-term ground lease for a qualified tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1531086
    Latitude
    39.7380536

    Nearby Similar for Sale

    • $4,500,000
      31,955 SF

      Lakewood Commercial Property on Colfax

      Versatile commercial property ideal for retail or vehicle-related businesses.
      7801 - 7833 W. Colfax Avenue, Lakewood, CO 80214
      View Details
    • $999,900
      3,030 SF

      Lakewood Retail Opportunity on Wadsworth

      High-visibility retail property with flexible layout and dedicated parking.
      1923 Wadsworth Blvd, Lakewood, CO
      View Details
    • $1,750,000
      9,655 SF

      Lakewood Freestanding Building For Sale

      9,655 SF freestanding building in a Safeway shopping center.
      Lakewood, CO 80228
      View Details
    • $1,500,000
      5,720 SF

      Corner Freestanding Building in Lakewood

      5,720 SF freestanding building with multiple access points and overhead doors.
      Lakewood, CO 80226
      View Details
    • $2,585,000
      910 SF

      Garrison West Office Space

      Centrally located office space with open floor plan.
      651 Garrison St, Lakewood, CO
      View Details
    • $950,000

      Lakewood Quadplex Investment Opportunity

      Updated Lakewood quadplex with income potential and move-in ready units.
      7120 W 16th Pl, Lakewood, CO 80214
      View Details
    • $825,000

      Lakewood Multifamily Investment Opportunity

      Workforce housing asset with income growth potential in central Lakewood.
      5530 W 3rd Pl, Lakewood, CO 80226
      View Details
    • $7,200,000
      19,440 SF

      Applewood Townhomes: Spacious Three-Bedroom Units

      12-unit townhome community in a desirable Denver neighborhood.
      11611 W 16th Ave, Lakewood, CO 80215
      View Details
    • $1,400,000
      1,548 SF

      Lakewood Office Space Available

      Office space for rent in Lakewood, Colorado.
      8725 W 14th Ave, Lakewood, CO
      View Details
    • $1,750,000
      9,655 SF

      Retail Building in Safeway Center

      9,655 SF freestanding building near Solterra neighborhood.
      13013 W Alameda Pkwy, Lakewood, CO
      View Details
    • $943,000
      2,400 SF

      Dental Office in Lakewood, CO

      2,400 SF dental office with 6 surgical operatories for sale.
      7586 W Jewell Ave, Lakewood, CO
      View Details
    • $2,150,000
      12,359 SF

      Lakewood Office Building For Sale

      12,359 SF office building in Lakewood, Colorado, 50% leased.
      735 S Xenon Ct, Lakewood, CO 80228
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-visibility mixed-use property with redevelopment potential in a high-traffic area.
    Where is this mixed-use property located?
    The property is located at 11598 W Colfax Ave Lakewood, CO.
    What are key features of this property?
    This property features: High‑visibility location at the intersection of W Colfax Ave and Simms St with monument signage and abundant parking.; Zoned MGU, allowing for multifamily development.; Located in a high‑traffic area with over 50,000 vehicles passing daily.
    (303) 521-3648 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Knott
    Greg Knott
    Real Estate License ID: CO FA.001312096
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11598 W Colfax Ave, Lakewood, CO 80215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!