1420 Garrison St, Lakewood, CO 80215
Versatile property ideal for office, medical, or wellness use.
- Added:
- Dec 27, 2023
- Days on Market:
- 905
- Last Refresh:
- May 13 at 1:12 am
Property Features for 1420 Garrison St
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1960
Listing agent Claire Hertel License #EC100073000
Listing office Hoff & Leigh (720) 683-0399
Listing date Dec 27, 2023
Source Crexi
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 Hoff & Leigh
HighLights
- High‑visibility corner location in Lakewood, steps from Garrison Light Rail Station and adjacent to Safeway, offering excellent accessibility and walkability.
- Two freestanding buildings provide flexibility for owner‑user with additional income potential from existing tenant.
- Ideal for medical, dental, wellness, or professional practices, offering a turnkey opportunity.
- 1420‑B Garrison (flex/garage building) is currently leased for $1,170/month MTM, providing immediate income.
- Versatile layout suitable for various uses, including medical office, professional office, live/work concept, or studio.
- Located in an Enterprise Zone.
Overview
Local Financial Insights For Office B
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 | $62.7k | $26.40 |
| − Vacancy | −$15.1k | −$6.34 |
| EGI | $47.7k | $20.06 |
| − OpEx | −$11.9k | −$5.02 |
| NOI | $35.8k | $15.05 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- 4 Paws Animal Clinic — 9797 W Colfax Ave Unit 3CC, Lakewood, CO 80215
- PEIVDF — 1051 Independence St STE 303, Lakewood, CO 80215
Map
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.105
- Latitude
- 39.7442