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    8220 W 16Th Pl Lakewood, CO 80214

    For Sale
    Contact for pricing

    18-unit apartment building in Lakewood, Colorado with development potential.

    Property size:
    16,442 SF

    Property Features for 8220 W 16Th Pl

    General Information

    Size
    16,442 SF

    Building Details

    Year built
    1959

    Source: Robert Lawson Agent Robert Lawson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakewood Apartments: 18 Units

    Cottonwood Apartments, constructed in 1959, is an 18-unit apartment building situated in Lakewood, Colorado. The building features an interior hall design and is constructed of brick. It comprises 3 one-bedroom/one-bathroom units and 15 two-bedroom/one-bathroom units. The average unit size is nearly 900 square feet. The property includes wood cabinetry, ample off-street parking, an on-site laundry room, a central swamp cooling system, and spacious floor plans. The property also features a large open area on the southwest corner of the parcel that could be developed in the future, a large off-street parking lot and mature landscaping. The property is located in an eco-friendly neighborhood minutes from Denver, south of Crown Hill Park, near restaurants, stores, and bars along West Colfax Avenue. The property is less than one mile to Wadsworth Lightrail Station. The property has a newer roof, gutters, windows, newer boiler and updated interiors. The large, well landscaped lot has potential to add 15 units or garages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1897933
    Latitude
    39.7430755

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    FAQs

    What type of property is this?
    Apartment building - 18-unit apartment building in Lakewood, Colorado with development potential.
    Where is this apartment building located?
    The property is located at 8220 W 16Th Pl Lakewood, CO.
    What are key features of this property?
    This property features: - Large, well-landscaped lot with potential to add 15 units or garages.; - Turn-key opportunity including newer roof, gutters, windows, newer boiler, and updated interiors.; - Excellent central location in Lakewood, close to Crown Hill Park and 7 miles from Downtown Denver.
    (970) 946-9365
    Request Owner's contact information
    8220 W 16Th Pl Lakewood, CO 80214
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    Lakewood, CO 80214
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    Realmo Value Estimation

    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.

    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.

    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
    8220 W 16Th Pl Lakewood, CO 80214
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