Lakewood Property with Large
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13151 W Alameda Pkwy, Lakewood, CO
Property in Lakewood, Colorado with over 100 parking spaces.
Property Size19,700 SF
Lot Size2.38 Acres
Price / SF$200.51
Days on Market488
Property Features for 13151 W Alameda Pkwy
General Information
Standard status
Active
Size
19,700 SF
Lot size
2.38 Acres
Property subtype
OFFICE
Listing Agency:
Fuller Real Estate
(720) 287-5406
Listed By:
Mike Haley · License #EA1287845
(720) 309-3413
Source:
Moodyscre
Added: May 12, 2025
Changed: Sep 7
Last Checked: Sep 11 at 9:41AM
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 Fuller Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Lakewood, Colorado, this property features an extra-large parking lot and good visibility from W. Alameda Pkwy. The Mixed-Use General Suburban zoning permits various land uses, including medical, office, retail, multifamily, restaurant, school, religious facility, daycare facility, and motor vehicle sales. With over 100 parking spaces, this property can satisfy heavy commercial parking requirements. It offers good access to both C-470 and W. 6th Ave. The property is currently leased by the Social Security Agency until February 28, 2026, with no options to renew. The property size is 19,700 square feet.
Key Highlights
- Extra large parking lot with over 100 spaces
- High visibility location on W. Alameda Pkwy.
- Mixed‑Use General Suburban zoning permits a wide range of uses
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
$296,446
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
7.50%
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%
$5,928,920
$5.9M
Cap Rate 7%
$4,234,943
$4.2M
Cap Rate 9%
$3,293,844
$3.3M
Market Conditions
NOI Build-Up for 19,700 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
$520.1K $26.40/SF
− Vacancy
−$124.8K −$6.34/SF
EGI
$395.3K $20.06/SF
− OpEx
−$98.8K −$5.02/SF
NOI
$296.4K $15.05/SF
Area
Lakewood, CO
Vacancy
24.00%
Lease Rate
$26.40 /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%
$5,928,920
Cap Rate 7%
$4,234,943
Cap Rate 9%
$3,293,844
Alternative Uses
Best Use
Office B
$4.23M
$3.71M – $4.94M
NOI $296,446 @ 7.0% cap · market cap 7.50%
Second Best
Retail
$3.79M
$3.31M – $4.42M
NOI $264,975 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $413,038 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Location Intelligence
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Property in Lakewood, Colorado with over 100 parking spaces.
Where is this office building located?
The property is located at 13151 W Alameda Pkwy Lakewood, CO.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Extra large parking lot with over 100 spaces; High visibility location on W. Alameda Pkwy.; Mixed‑Use General Suburban zoning permits a wide range of uses
