Auto Shop with Service
For Sale
Contact for pricing
8810 W Colfax Ave, Lakewood, CO 80215
Frontage on W Colfax provides a visible commercial setting with rear storage and an existing modified gross lease.
Property Size2,210 SF
Price / SF$452.26
Days on Market489
Property Features for 8810 W Colfax Ave
General Information
Standard status
Active
Size
2,210 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Service Bays
2
Building Details
Tenancy
Single
Listing Agency:
Pinnacle Real Estate Advisors
(303) 956-0444
Listed By:
Esther Kettering
(303) 956-0444
Source:
Moodyscre
Added: Apr 4, 2025
Changed: Jul 31
Last Checked: Aug 4 at 1:00PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This 2,210-square-foot auto shop features two drive-in service bays and a substantial storage area positioned behind the street frontage. The property is occupied by a current tenant under a modified gross lease through March 31, 2028.
The site fronts directly on W Colfax Ave in Lakewood, with nearby retail, dining, and recreational destinations including Safeway, Natural Grocers, Ziggi’s Coffee, Starbucks, Wendy’s, Chicago Market, and the Lakewood Rec Center. RTD Garrison Station is located two blocks away, providing nearby transit access.
The site fronts directly on W Colfax Ave in Lakewood, with nearby retail, dining, and recreational destinations including Safeway, Natural Grocers, Ziggi’s Coffee, Starbucks, Wendy’s, Chicago Market, and the Lakewood Rec Center. RTD Garrison Station is located two blocks away, providing nearby transit access.
Key Highlights
- 2,210‑square‑foot auto shop with two drive‑in service bays
- Direct frontage on W Colfax Ave
- Rear storage area positioned behind the street frontage
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 | $46.4k | $21.00 |
| − Vacancy | −$3.9k | −$1.79 |
| EGI | $42.5k | $19.22 |
| − OpEx | −$12.7k | −$5.76 |
| NOI | $29.7k | $13.45 |
2,210 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$424.7K
$371.6K – $495.4K
NOI $29,726 @ 7.0% cap · market cap 2.97%
Second Best
Industrial
$249.9K
$218.6K – $291.5K
NOI $17,491 @ 7.0% cap · market cap 1.75%
Theoretical Best
Office A
$661.9K
$579.2K – $772.3K
NOI $46,336 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Service bays
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Taco Bell
Dining
10,383 visits/mo
0.4 miles
Arby's
Dining
8,843 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
Questions? Ask Rey
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Similar Off Market Nearby
- Stevinson Chevrolet — 15000 W Colfax Ave, Lakewood, CO 80401
- Empire Lakewood Nissan Parts & Service Department — 14707 W Colfax Ave, Lakewood, CO 80401
- Stevinson Lexus of Lakewood Service — 801 Denver West Colorado Mills Blvd, Lakewood, CO 80401
- Stevinson Chevrolet Service — 15000 W Colfax Ave 4023 #4023, Lakewood, CO 80401
- Stevinson Toyota West Service — 780 Denver West Colorado Mills Blvd, Lakewood, CO 80401
Frequently Asked Questions
What type of property is this?
Auto shop - Frontage on W Colfax provides a visible commercial setting with rear storage and an existing modified gross lease.
Where is this auto shop located?
The property is located at 8810 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: 2,210‑square‑foot auto shop with two drive‑in service bays; Direct frontage on W Colfax Ave; Rear storage area positioned behind the street frontage
