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 Market587
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
Listed By:
Nicholas Jurgens
(303) 771-3850
Source:
Moodyscre
Added: Feb 18, 2025
Changed: Sep 26
Last Checked: Sep 26 at 6:43AM
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
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
$77,475
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
4.70%
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%
$1,549,500
$1.5M
Cap Rate 7%
$1,106,786
$1.1M
Cap Rate 9%
$860,833
$860.8K
Market Conditions
NOI Build-Up for 5,760 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
$121.0K $21.00/SF
− Vacancy
−$10.3K −$1.79/SF
EGI
$110.7K $19.22/SF
− OpEx
−$33.2K −$5.76/SF
NOI
$77.5K $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 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%
$1,549,500
Cap Rate 7%
$1,106,786
Cap Rate 9%
$860,833
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
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,575
Businesses Nearby
307k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 59%
Dining 16%
Electronics 11%
Shops & Services 8%
Target
Superstores
181,988 visits/mo
0.5 miles
Best Buy
Electronics
34,434 visits/mo
0.2 miles
Dollar Tree
Shops & Services
23,928 visits/mo
0.5 miles
Freddy's Frozen Custard & Steakburgers
Dining
18,679 visits/mo
0.3 miles
Olive Garden
Dining
18,548 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
