Retail Space with Two
For Sale
Contact for pricing
7007 W Colfax Ave, Lakewood, CO 80214
Retail space on MGU Lakewood zoning with two buildings and two curb cuts for access flexibility.
Property Size5,760 SF
Price / SF$286.46
Days on Market530
Property Features for 7007 W Colfax Ave
General Information
Standard status
Active
Size
5,760 SF
Property subtype
RETAIL
Zoning
MGU Lakewood
Additional Details
Road Access
Yes
Building Details
Buildings
2
Listing Agency:
Madison Commercial Properties
(303) 771-3850
Listed By:
Nicholas Jurgens · License #FA100074241
(303) 771-3850
Source:
Moodyscre
Added: Feb 18, 2025
Changed: Jul 29
Last Checked: Jul 29 at 8:08PM
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
Investment Insights
Based on property information with market context.
Retail space located at 7007 W Colfax Ave in Lakewood, Colorado, with MGU Lakewood zoning. The property consists of two buildings and totals 5,760 SF.
The industrial building includes four units, providing a multi-tenant setup. Two curb cuts offer direct access for vehicles and service needs.
This configuration supports retail-focused tenancy where flexible access and multiple units are part of the operating plan, with the zoning designation governing allowable uses.
The industrial building includes four units, providing a multi-tenant setup. Two curb cuts offer direct access for vehicles and service needs.
This configuration supports retail-focused tenancy where flexible access and multiple units are part of the operating plan, with the zoning designation governing allowable uses.
Key Highlights
- 5,760 SF retail space at 7007 W Colfax Ave
- MGU Lakewood zoning
- Two buildings on the property
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.0k | $21.00 |
| − Vacancy | −$10.3k | −$1.79 |
| EGI | $110.7k | $19.22 |
| − OpEx | −$33.2k | −$5.76 |
| NOI | $77.5k | $13.45 |
5,760 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$968.4K – $1.29M
NOI $77,475 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,766 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
334k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Shops & Services 26%
Dining 24%
Groceries 18%
Target
Superstores
92,403 visits/mo
0.4 miles
King Soopers
Groceries
58,521 visits/mo
0.3 miles
Chick-fil-A
Dining
39,429 visits/mo
0.4 miles
McDonald's
Dining
34,724 visits/mo
0.3 miles
King Soopers Fuel Center
Shops & Services
23,727 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space on MGU Lakewood zoning with two buildings and two curb cuts for access flexibility.
Where is this retail space located?
The property is located at 7007 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,760 SF retail space at 7007 W Colfax Ave; MGU Lakewood zoning; Two buildings on the property
