Carwash and Income-Producing
For Sale
$900,000
11795 W Colfax Avenue, Lakewood, CO 80215
Carwash and income-producing building on 0.8 acres for sale.
Property Size4,000 SF
Lot Size0.77 Acres
Price / SF$225
Days on Market335
Property Features for 11795 W Colfax Avenue
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.77 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,039
Amenities
Corner
Level
Phase 3
Listing Agency:
KELLER WILLIAMS AVENUES REALTY
(720) 484-8600
Listed By:
CHRIS HOWARD · License #FA.100073986
Source:
Corcoran
Added: Sep 8, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:29PM
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 KELLER WILLIAMS AVENUES REALTY
Investment Insights
Based on property information with market context.
This property, located along West Colfax and Tabor Road, presents an investment opportunity. The site spans 35,000 square feet (0.8 acres) and includes a carwash and a 4,000 square foot income-producing building. One of the two tenant spaces in the building is currently leased. The carwash features 7 bays, including an oversized truck/RV bay, and 4 vacuums. The property can continue to operate as a car wash or be redeveloped.
Key Highlights
- High‑growth corridor location on West Colfax and Tabor Road.
- Boasts a large 35,000 SF (.8 acres) lot size.
- Includes a carwash with 7 bays (including oversized truck/RV bay) and 4 vacuums.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,264
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,205,280
$1.2M
Cap Rate 7%
$860,914
$860.9K
Cap Rate 9%
$669,600
$669.6K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $21.60/SF
− Vacancy
−$6.0K −$1.51/SF
EGI
$80.4K $20.09/SF
− OpEx
−$20.1K −$5.02/SF
NOI
$60.3K $15.07/SF
Area
Lakewood, CO
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,205,280
Cap Rate 7%
$860,914
Cap Rate 9%
$669,600
Alternative Uses
Best Use
Specialty Retail
$860.9K
$753.3K – $1.00M
NOI $60,264 @ 7.0% cap · market cap 6.70%
Second Best
Retail
$768.6K
$672.5K – $896.7K
NOI $53,802 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,866 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
79k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 35%
Dining 27%
Beauty & Spa 1%
King Soopers
Groceries
29,506 visits/mo
0.3 miles
Shell
Shops & Services
11,224 visits/mo
0.4 miles
Taco Bell
Dining
10,383 visits/mo
0.1 miles
Arby's
Dining
8,843 visits/mo
0.1 miles
Conoco
Shops & Services
5,615 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Carwash and income-producing building on 0.8 acres for sale.
Where is this car wash located?
The property is located at 11795 W Colfax Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑growth corridor location on West Colfax and Tabor Road.; Boasts a large 35,000 SF (.8 acres) lot size.; Includes a carwash with 7 bays (including oversized truck/RV bay) and 4 vacuums.
