Three-Unit Retail Condo
For Sale
Contact for pricing
11950-11990 W Colfax Avenue, Lakewood, CO 80215
Leased commercial condominium ownership with on-site parking and Colfax Avenue exposure.
Property Size5,000 SF
Price / SF$199.80
Days on Market50
Property Features for 11950-11990 W Colfax Avenue
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
7%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Hoff & Leigh Denver
Listed By:
Jayme Wilson · License #FA 100088653
(719) 630-2277
Source:
Crexi
Added: Aug 31
Changed: Oct 10
Last Checked: Oct 19 at 6:24AM
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 Denver
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes three retail condominium units positioned on the west side of a commercial building. The combined area is approximately 5,000 square feet, and all three units are leased to multiple established tenants, providing diversified occupancy across the offering. The property is offered at a 7.0% cap rate.
The units front W Colfax Avenue in Lakewood, with visibility along the corridor and parking available on site. Access to surrounding neighborhoods and the broader Denver metro area supports the property's commercial setting. The offering combines separately occupied retail units with an established tenant base and an existing income stream.
The units front W Colfax Avenue in Lakewood, with visibility along the corridor and parking available on site. Access to surrounding neighborhoods and the broader Denver metro area supports the property's commercial setting. The offering combines separately occupied retail units with an established tenant base and an existing income stream.
Key Highlights
- Three retail condominium units included in the offering
- Approximately 5,000 square feet combined
- Fully leased to multiple established tenants
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 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Leased commercial condominium ownership with on-site parking and Colfax Avenue exposure.
Where is this retail space located?
The property is located at 11950-11990 W Colfax Avenue 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 retail condominium units included in the offering; Approximately 5,000 square feet combined; Fully leased to multiple established tenants
