Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    512 Lookout Mountain Road Golden, CO 80401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    1.45 acre commercial parcel with city, mountain, plains views.

    Type:Land or Vacant Lot
    Lot size:
    1.45 Acres
    Added:
    Apr 30, 2025
    Days on Market:
    366
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 512 Lookout Mountain Road

    General Information

    Standard status
    Active
    Lot size
    1.45 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    BRIAN CHIMILESKI

    Listing agent BRIAN CHIMILESKI

    Listing office Madison Commercial Properties LLC

    Listing date Apr 30, 2025

    Source Corcoran

    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 Madison Commercial Properties LLC

    Overview

    Commercial Land with Mountain Views

    This is a flat 1.45 acre commercial parcel located on Lookout Mountain Road, offering views of the city, mountains, and plains. The property is zoned C-1 Convenience Jeffco, which allows for a variety of uses. A water tap is included, and utility hookups are available. Potential business uses include a convenience store, gas station, or restaurant, as well as other uses outlined in Section 26 of Jeffco zoning. The location may benefit from tourist traffic on Lookout Mountain, and could also serve the needs of the local community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Dental Office Big Box & Wholesale Store Building Supply Auto Repair Shop Pharmacy Auto Parts Store Nail Salon Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Golden
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.244
    Latitude
    39.7164

    Nearby Similar for Sale

    • $330,000

      Golden, CO Land Opportunity

      Residential land in Golden, CO, with utilities available.
      640 Kilmer St, Golden, CO 80401
      View Details
    • $219,000

      Land with Mountain Views

      7.15 acres with views near Gross Dam Reservoir.
      1312 Chute Rd, Golden, CO 80403
      View Details
    • $164,500

      Land with Mountain Views

      Residential land near I-70 with Continental Divide views.
      Upper Moss Rock Rd, Golden, CO 80401
      View Details
    • $175,000

      Golden Land with Mountain Views

      Residential land parcel with expansive views and easy access.
      11717 Coal Creek Heights Dr, Golden, CO 80403
      View Details
    • $695,000

      Golden Office Space For Sale

      Professional office space in a desirable Golden location.
      722 Washington St 210, Golden, CO 80401
      View Details
    • $1,295,000

      Downtown Golden Development Opportunity

      Prime location near Main Street with high-density zoning.
      710 14th St, Golden, CO 80401
      View Details
    • $725,000
      2,706 SF

      Golden Special Purpose Property

      Unique opportunity in Golden for owner-user or special purpose.
      705 Ulysses Street, Golden, CO 80401
      View Details
    • $475,000
      1,875 SF

      Golden Flex Space For Sale

      1,875 SF flex space with warehouse and office.
      13301 West 43rd Drive, Golden, CO 80403
      View Details
    • $4,150,000
      24,804 SF

      Golden Flex/Industrial Opportunity

      Two-building complex with office and warehouse space in Golden, Colorado.
      5932-5934 Mcintyre St, Golden, CO 80403
      View Details
    • $875,000
      3,966 SF

      Golden Retail Property For Sale

      Retail property in Golden area with high visibility and traffic.
      733 Hog Back Drive, Golden, CO 80403
      View Details
    • $4,150,000
      24,804 SF

      Golden Flex Industrial Opportunity

      Two-building complex with office and warehouse space in Golden, Colorado.
      5932-5934 Mcintyre St, Golden, CO
      View Details
    • $499,000
      2,000 SF

      Drive-Through Industrial Condo For Sale

      2,000 sq ft industrial condo with drive-through access.
      13601 W 43rd Dr #B18-B5, Golden, CO 80403
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.45 acre commercial parcel with city, mountain, plains views.
    Where is this commercial land located?
    The property is located at 512 Lookout Mountain Road Golden, CO.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 1.45 acre commercial parcel on Lookout Mountain Road; Incredible views of city, mountains, and plains; Water tap included and utility hookups available
    (720) 441-1460
    We can help!
    Listing Contact
    BRIAN CHIMILESKI
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!