Lakewood Office Building For
For Sale
$649,000
1875 Wadsworth Blvd, Lakewood, CO 80214
Two-story office building with basement on 0.69-acre lot.
Property Size2,410 SF
Price / SF$269.29
Days on Market260
Property Features for 1875 Wadsworth Blvd
General Information
Standard status
Active
Size
2,410 SF
Property subtype
Office
Building Details
Year Built
1936
Listing Agency:
Marcum Commercial Advisors
(303) 437-5590
Listed By:
Scott A. Marcum · License #CO ER.100012652
(303) 437-5590
Source:
Marcumcommercial
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Aug 11 at 6:17AM
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 Marcum Commercial Advisors
Investment Insights
Based on property information with market context.
The property at 1875 Wadsworth Blvd is located in Lakewood’s West Denver submarket. The building provides approximately 2,954 square feet of space across two floors and a basement, situated on a 0.69-acre lot. The building offers excellent natural light and layout. The property has high visibility along Wadsworth Boulevard and easy access to Colfax Avenue and major highways. It is located about 5 miles west of downtown Denver, in a busy retail and office corridor surrounded by a variety of businesses and amenities. The site is located within a well-established commercial and retail corridor. The property offers versatile space suitable for multiple uses and is close to local businesses and amenities. The property size is 2,410 square feet.
Key Highlights
- High visibility on Wadsworth Boulevard
- 0.69‑acre lot
- Easy access to Colfax Avenue and major highways
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
$36,266
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
5.59%
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%
$725,320
$725.3K
Cap Rate 7%
$518,086
$518.1K
Cap Rate 9%
$402,956
$403.0K
Market Conditions
NOI Build-Up for 2,410 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
$63.6K $26.40/SF
− Vacancy
−$15.3K −$6.34/SF
EGI
$48.4K $20.06/SF
− OpEx
−$12.1K −$5.02/SF
NOI
$36.3K $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%
$725,320
Cap Rate 7%
$518,086
Cap Rate 9%
$402,956
Alternative Uses
Best Use
Office B
$518.1K
$453.3K – $604.4K
NOI $36,266 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$721.8K
$631.6K – $842.2K
NOI $50,529 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 80214, CO
26,493
Population
13,298
Households
2
Avg Household Size
36
Median Age
39%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,637
Density / Sq Mi
$74,259
Median Household Income
$48,094
Median Earnings
$1,516
Median Rent
$519,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with basement on 0.69-acre lot.
Where is this office building located?
The property is located at 1875 Wadsworth Blvd Lakewood, CO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: High visibility on Wadsworth Boulevard; 0.69‑acre lot; Easy access to Colfax Avenue and major highways
