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    Lakewood Corner Property: Owner/User Opportunity Title is generated by Realmo AI

    1420 Garrison St, Lakewood, CO 80215

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    Versatile property ideal for office, medical, or wellness use.

    Type:Retail, Office
    Property size:
    2,376 SF
    Price / SF:
    $267/SF
    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

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    Listing Contact
    Claire Hertel
    Claire Hertel

    Listing agent Claire Hertel License #EC100073000

    Listing office Hoff & Leigh

    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

    This versatile property presents an owner/user opportunity situated on a high-visibility corner in Lakewood. The property features two freestanding buildings, suitable for professionals seeking a turnkey office, medical, or wellness space with additional income or expansion potential. The location is near the Garrison Light Rail Station and adjacent to Safeway, offering accessibility, visibility, and walkability. The property is suitable for medical, dental, wellness, or boutique professional practices. The layout provides move-in ready professional space along with an income-producing or supportive operations building on-site. Potential uses include a medical office or clinic, physical or occupational therapy center, counseling, chiropractic, or wellness center, professional office (law, real estate, financial, design, etc.), a hybrid live/work concept or studio office, tattoo studio, or construction office/shop. The retail building at 1420 Garrison encompasses 1,128 square feet and includes HVAC, 6 rooms, 1 bathroom, a reception area, attic, and crawl space below. The flex/garage building at 1420-B Garrison provides 1,248 square feet, featuring a full kitchen, 1 bathroom, 3 garage bays, and ample storage, and is currently leased for $1,170 per month on a month-to-month basis.

    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
    2,376 SF · lease $26.40/SF/yr · vacancy 24.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $510.8K
    $446.9K – $595.9K (±1% cap)
    NOI $35,754 @ 7.0% cap · market cap 5.63%
    Second Best
    Healthcare Medical
    $503.1K
    $440.2K – $586.9K (±1% cap)
    NOI $35,215 @ 7.0% cap · market cap 5.55%
    Theoretical Best
    Office A
    $711.7K
    $622.7K – $830.3K (±1% cap)
    NOI $49,816 @ 7.0% cap · market cap 7.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    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

    FAQs

    What type of property is this?
    Medical Office Space - Versatile property ideal for office, medical, or wellness use.
    Where is this medical office space located?
    The property is located at 1420 Garrison St Lakewood, CO.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: 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.
    (720) 683-0399 Call to check price and availability
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