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    11598 W Colfax Ave Lakewood, CO 80033

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    For Sale
    $1,175,000

    High-visibility retail/office building with redevelopment potential in Lakewood, Colorado.

    Property size:
    6,025 SF
    Lot size:
    0.35 Acres

    Property Features for 11598 W Colfax Ave

    General Information

    Size
    6,025 SF
    Lot size
    0.35 Acres

    Source: Unique Properties, Inc. Agent Greg Knott

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

    Overview

    Colfax Avenue Retail/Office Building

    Located at the intersection of W Colfax Ave and Simms St, the property at 11598 W Colfax Ave offers high visibility, monument signage, and parking. It is suitable for retail or office use, with potential for 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. Located in a high-traffic area with over 50,000 vehicles passing daily, the property is zoned MGU, allowing 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 total property size is 6,025 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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

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    FAQs

    What type of property is this?
    Retail space - High-visibility retail/office building with redevelopment potential in Lakewood, Colorado.
    Where is this retail space located?
    The property is located at 11598 W Colfax Ave Lakewood, CO.
    What is the asking price?
    The asking price for this property is $1,175,000.
    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.; - MGU zoning allows for multifamily development.; - Located in a high-traffic area with over 50,000 vehicles passing daily.
    (303) 521-3648
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    11598 W Colfax Ave Lakewood, CO 80033
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    Lakewood, CO 80033
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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
    11598 W Colfax Ave Lakewood, CO 80033
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