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    1515 Iris St Lakewood, CO

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    For Sale
    $799,000

    Turn-key automotive shop in the heart of Lakewood.

    Property size:
    2,905 SF
    Lot size:
    0.25 Acres

    Property Features for 1515 Iris St

    General Information

    Size
    2,905 SF
    Lot size
    0.25 Acres

    Source: Hoff & Leigh Agent Beau Hershberger

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

    Overview

    Lakewood Automotive Shop For Sale

    This is a turn-key automotive shop suitable for an owner-user or investor. The property is located in the heart of Lakewood, providing convenient access to downtown, Boulder, US-6, and Colfax Avenue. The building offers approximately 2,905 square feet of space. The current tenant pays $6,300 per month gross, with a lease expiring on May 28. The lease includes annual rent increases. Alternatively, the tenant can relocate, allowing an owner-user to occupy the building and operate their business. The property's taxes are $13,517.14, and the approximate insurance cost is $3,834. The net operating income (NOI) is $58,249. This property is suited for automotive businesses and retail purposes.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Tomoco Auto, Pro-Tint Inc, Professional Dispensing System, Brakes Plus, Paintless Solutions

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1083542
    Latitude
    39.7775841

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    FAQs

    What type of property is this?
    Auto shop - Turn-key automotive shop in the heart of Lakewood.
    Where is this auto shop located?
    The property is located at 1515 Iris St Lakewood, CO.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Turn-key automotive shop ideal for owner-user or investor.; - Immediate income of $6,300/month gross from current tenant, with annual rent increases.; - Option for tenant to relocate, allowing owner-user occupancy.
    (303) 667-2530
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    1515 Iris St Lakewood, CO
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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
    1515 Iris St Lakewood, CO
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