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    395 Sheridan Boulevard Lakewood, CO 80226

    Sponsored
    Source: https://svn.com
    For Sale
    $1,600,000

    Sale of 395 Sheridan and Business - Auto Star USA

    Property size:
    2,273 SF

    Property Features for 395 Sheridan Boulevard

    General Information

    Property type
    Automotive properties
    Square Feet
    2,273 SF
    Price / Square Foot
    $703
    Elevators
    N/A

    Building Details

    Year Built
    1956
    Buildings
    1
    Stories
    1

    Overview

    Auto Repair Facility and Sales

    Located two blocks from 6th Avenue, the property at 395 Sheridan Blvd. presents a turnkey opportunity for automotive professionals aiming to establish or expand their business. This facility is equipped with three repair bays, including two with drive-through access, designed to ensure workflow. A compressed air system is installed throughout the shop. The sale includes all lifts. The property also features two additional metal buildings, providing space for tools, parts, equipment, or additional work areas. The purchase of the business is negotiable. The property is situated in a commercial corridor with high visibility and accessibility. It offers connections to major highways, including I-25. The location benefits from vehicle traffic along Sheridan Blvd, a key arterial road through Lakewood. Its proximity to residential neighborhoods, retail centers, and other commercial businesses makes it suitable for an automotive-focused operation. The property is permitted for a 3-bay auto-repair facility and auto sales. Security cameras are included. It is located caddy-corner from a new McDonalds and across the street from 7-11. The property size is 2273 square feet.

    We can help!

    Listing Contact
    Elizabeth M. Leder, Esq.

    Learn more

    Property Insight Report

    HighLights

    • 3‑bay auto‑repair facility and auto sales permitted Compressed air throughout, 3 lifts and security cameras included 2 blocks from 6th Ave., caddy‑corner from new McDonalds and across the street from 7‑11 Includes 2 additional metal buildings large enough to work on additional vehicles or to be used as storage
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    State
    Colorado
    Longitude
    -105.0532637
    Latitude
    39.7360587

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    FAQs

    What type of property is this?
    Automotive property - Sale of 395 Sheridan and Business - Auto Star USA
    Where is this automotive property located?
    The property is located at 395 Sheridan Boulevard Lakewood, CO.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 3-bay auto-repair facility and auto sales permitted Compressed air throughout, 3 lifts and security cameras included 2 blocks from 6th Ave., caddy-corner from new McDonalds and across the street from 7-11 Includes 2 additional metal buildings large enough to work on additional vehicles or to be used as storage
    (720) 840-3960
    Request Owner's contact information
    395 Sheridan Boulevard Lakewood, CO 80226
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    Lakewood, CO 80226
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    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
    395 Sheridan Boulevard Lakewood, CO 80226
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    We can help!
    Listing Contact
    Elizabeth M. Leder, Esq.
    (720) 840-3960
    Learn more
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