Three-Unit Retail Condo
For Sale
Contact for pricing
11900-11990 W Colfax Ave, Lakewood, CO 80401
Three leased commercial condominium units provide diversified occupancy along the W Colfax Avenue corridor.
Property Size5,000 SF
Price / SF$199.80
Days on Market49
Property Features for 11900-11990 W Colfax Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Cap Rate
7%
Building Details
Tenancy
Multi
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Jayme Wilson · License #FA100088653
(719) 722-8632
Source:
Moodyscre
Added: Aug 31
Changed: Oct 8
Last Checked: Oct 16 at 11:50AM
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 Hoff & Leigh
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Investment Insights
Based on property information with market context.
This retail offering comprises three commercial condominium units positioned on the west side of a larger building. The combined space totals approximately 5,000 square feet and is fully leased to multiple established tenants, providing diversified occupancy across the offering. Existing tenant commitments extend through 2029, and the property is offered at a 7.0% cap rate.
The units have frontage along W Colfax Avenue, with visibility from the corridor and ample parking available on site. The property also provides access to surrounding neighborhoods and the greater Denver metropolitan area. Together, the three units create a multi-tenant retail asset with an in-place leasing profile and current commercial occupancy.
The units have frontage along W Colfax Avenue, with visibility from the corridor and ample parking available on site. The property also provides access to surrounding neighborhoods and the greater Denver metropolitan area. Together, the three units create a multi-tenant retail asset with an in-place leasing profile and current commercial occupancy.
Key Highlights
- Three commercial condo units totaling approximately 5,000 square feet
- Fully leased to multiple established tenants
- 7.0% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,253
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,060
$1.3M
Cap Rate 7%
$960,757
$960.8K
Cap Rate 9%
$747,256
$747.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$105.0K $21.00/SF
− Vacancy
−$8.9K −$1.79/SF
EGI
$96.1K $19.22/SF
− OpEx
−$28.8K −$5.76/SF
NOI
$67.3K $13.45/SF
Area
Lakewood, CO
Vacancy
8.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,060
Cap Rate 7%
$960,757
Cap Rate 9%
$747,256
Alternative Uses
Best Use
Retail
$960.8K
$840.7K – $1.12M
NOI $67,253 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,832 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,729
Businesses Nearby
419k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 43%
Dining 18%
Groceries 9%
Electronics 8%
Target
Superstores
181,988 visits/mo
0.4 miles
Whole Foods Market
Groceries
38,196 visits/mo
0.4 miles
Best Buy
Electronics
34,434 visits/mo
0.1 miles
Dollar Tree
Shops & Services
23,928 visits/mo
0.3 miles
Regal UA Colorado Mills
Leisure
23,280 visits/mo
0.5 miles
Demographics for 80401, CO
41,913
Population
17,762
Households
2.4
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
49.1 sq mi
ZIP Area
854
Density / Sq Mi
$112,444
Median Household Income
$53,936
Median Earnings
$1,868
Median Rent
$748,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Three leased commercial condominium units provide diversified occupancy along the W Colfax Avenue corridor.
Where is this retail space located?
The property is located at 11900-11990 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three commercial condo units totaling approximately 5,000 square feet; Fully leased to multiple established tenants; 7.0% cap rate
