Flex Space with Secured
12600 West Cedar Drive, Lakewood, CO 80228
For Sale
New
Contact for pricing
A single-tenant, bi-level building combines office space with warehouse and assembly capacity.
Property Size14,609 SF
Lot Size1.01 Acres
Price / SF$171.06
Days on Market7
Property Features for 12600 West Cedar Drive
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Additional Details
Warehouse Space
Tenant in Place
Property Use
Building Details
Year Built
Stories
Building Size
Tenancy
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Brandon Kramer · License CO FA100045203
(605) 390-1248
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 3:01PM
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 Marcus & Millichap - Denver
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Investment Insights
Based on property information with market context.
This flex property is a bi-level, single-tenant building constructed in 1971 on approximately 1.01 acres. The interior includes office areas and about 3,000 square feet suited to warehouse or assembly use. With no load-bearing interior walls, the layout can be reconfigured, and fenced outdoor storage is available on site. The property carries office and industrial zoning.
The site is approximately one and a half blocks west of Union Boulevard, near Union Square, St. Anthony Hospital, and a light rail station. The lease is structured as NNN, with the landlord retaining responsibility for the roof and structure.
The site is approximately one and a half blocks west of Union Boulevard, near Union Square, St. Anthony Hospital, and a light rail station. The lease is structured as NNN, with the landlord retaining responsibility for the roof and structure.
Key Highlights
- 14,609‑square‑foot building on approximately 1.01 acres
- Single‑tenant NNN lease; landlord responsibilities limited to roof and structure
- About 3,000 square feet designated for warehouse or assembly use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,396
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,807,920
$2.8M
Cap Rate 7%
$2,005,657
$2.0M
Cap Rate 9%
$1,559,956
$1.6M
Market Conditions
NOI Build-Up for 14,609 SF
Gross rent
$179.7K $12.30/SF
− Vacancy
−$14.5K −$0.99/SF
EGI
$165.2K $11.31/SF
− OpEx
−$24.8K −$1.70/SF
NOI
$140.4K $9.61/SF
Area
Lakewood, CO
Vacancy
8.08%
Lease Rate
$12.30 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,807,920
Cap Rate 7%
$2,005,657
Cap Rate 9%
$1,559,956
Alternative Uses
Best Use
Warehouse
$2.01M
$1.75M – $2.34M
NOI $140,396 @ 7.0% cap · market cap 5.62%
Second Best
Flex RnD
$1.74M
$1.52M – $2.03M
NOI $121,589 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$4.38M
$3.83M – $5.10M
NOI $306,298 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80228, CO
34,836
Population
15,921
Households
2.2
Avg Household Size
40
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
3,029
Density / Sq Mi
$110,013
Median Household Income
$62,872
Median Earnings
$1,819
Median Rent
$607,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Jefferson County, CO
Properties on Market for Flex space in Jefferson County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Chris Cakes of Colorado — 866 Lookout Mountain Rd, Golden, CO 80401
Frequently Asked Questions
What type of property is this?
Flex space - A single-tenant, bi-level building combines office space with warehouse and assembly capacity.
Where is this flex space located?
The property is located at 12600 West Cedar Drive Lakewood, CO.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 14,609‑square‑foot building on approximately 1.01 acres; Single‑tenant NNN lease; landlord responsibilities limited to roof and structure; About 3,000 square feet designated for warehouse or assembly use
