Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Golden Multifamily Investment Opportunity Title is generated by Realmo AI

    16680 W 11th Ave Avenue, Golden, CO 80401

    View on Map
    Claim this Listing
    For Sale
    $850,000

    Stabilized multifamily property in Golden, Colorado with immediate yield.

    Type:Commercial
    Property size:
    2,300 SF
    Price / SF:
    $369/SF
    Added:
    Mar 31, 2026
    Days on Market:
    66
    Last Refresh:
    Mar 31 at 8:14 pm

    Property Features for 16680 W 11th Ave Avenue

    General Information

    Standard status
    Active
    Size
    2,300 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    CLAYTON PRIMM

    Listing agent CLAYTON PRIMM License #FA100024161

    Listing office MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES OF ATLANTA, INC.

    Listing date Mar 31, 2026

    Source Corcoran

    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 MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES OF ATLANTA, INC.

    HighLights

    • High In‑Place Cap Rate: 6.67% delivers immediate yield.
    • Significant NOI Growth Potential: Projected 13% increase in Year 1 NOI.
    • Substantial Rent Upside: Rents are $150-$300 below comparable units.
    • Strong Cash‑on‑Cash Return: Achieves 10.37% Year 1 cash‑on‑cash.
    • Stable Asset in a Desirable Location: Limited development and affluent renters ensure durability.
    • 100% Occupancy and Consistent Rent Collections: Demonstrates stabilized performance.

    Overview

    The property at 16680 W 11th Ave presents an opportunity to acquire a stabilized, cash-flowing multifamily asset. The property is currently 100% occupied with consistent rent collections. Current operations generate $56,674 NOI, with Year 1 NOI projected to climb to $64,011 through natural loss-to-lease burn-off, modest rent adjustments, and continued growth in utility bill-backs and ancillary revenue streams. This represents a 13% NOI increase with no major capital expenditure requirements. Rents average $1,300 ($2.83/SF) across efficient 1-BD and 2-BD layouts. The total rents remain $150–$300 below comparable Golden units. Comparable buildings routinely achieve $1,325–$1,750 depending on size and unit mix. The property size is 2,300 square feet. At a 6% interest rate and 65% LTV, buyers achieve Year 1 cash-on-cash of 10.37% and a 1.93 DCR. The property is ideal for private capital, 1031 buyers, and long-term operators seeking stable cash flow with upside.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Law Firm Dental Office Big Box & Wholesale Store Building Supply Auto Repair Shop Pharmacy Auto Parts Store Nail Salon Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Golden
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.244
    Latitude
    39.7164

    Nearby Similar for Sale

    • $749,900
      2,627 SF

      Income Property in Coal Creek

      Three-unit income property with investment flexibility in Coal Creek Canyon.
      15 Hardscrabble Rd, Golden, CO 80403
      View Details
    • $695,000

      Golden Office Space For Sale

      Professional office space in a desirable Golden location.
      722 Washington St 210, Golden, CO 80401
      View Details
    • $725,000
      2,706 SF

      Golden Special Purpose Property

      Unique opportunity in Golden for owner-user or special purpose.
      705 Ulysses Street, Golden, CO 80401
      View Details
    • $475,000
      1,875 SF

      Golden Flex Space For Sale

      1,875 SF flex space with warehouse and office.
      13301 West 43rd Drive, Golden, CO 80403
      View Details
    • $4,150,000
      24,804 SF

      Golden Flex/Industrial Opportunity

      Two-building complex with office and warehouse space in Golden, Colorado.
      5932-5934 Mcintyre St, Golden, CO 80403
      View Details
    • $4,150,000
      24,804 SF

      Golden Flex Industrial Opportunity

      Two-building complex with office and warehouse space in Golden, Colorado.
      5932-5934 Mcintyre St, Golden, CO
      View Details
    • $2,735,000
      1,449 SF

      Office Space Near I-70

      Office space for rent in Genesee Business Center.
      433 Park Point Dr, Golden, CO
      View Details
    • $499,000
      2,000 SF

      Drive-Through Industrial Condo For Sale

      2,000 sq ft industrial condo with drive-through access.
      13601 W 43rd Dr #B18-B5, Golden, CO 80403
      View Details
    • $3,120,000
      15,600 SF

      Freestanding Building with Modern Features

      Modern office, flex/lab, and warehouse space with dock-high loading.
      6275 Joyce Dr, Golden, CO
      View Details
    • $700,000

      Golden Condos: Investment or Second Home

      Centrally located, move-in ready condos with exceptional views and upgrades.
      615 24th St 104, Golden, CO 80401
      View Details
    • $350,000
      1,050 SF

      Updated Condo with Mountain Views

      Move-in ready condo with updated features and extensive amenities.
      1300 Golden Circle 107, Golden, CO 80401
      View Details
    • $1,125,000

      Golden Triplex: Investment Opportunity

      Well-located triplex in Golden with strong rental demand.
      1621 Salvia St, Golden, CO 80401
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Stabilized multifamily property in Golden, Colorado with immediate yield.
    Where is this multifamily property located?
    The property is located at 16680 W 11th Ave Avenue Golden, CO.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: High In‑Place Cap Rate: 6.67% delivers immediate yield.; Significant NOI Growth Potential: Projected 13% increase in Year 1 NOI.; Substantial Rent Upside: Rents are $150-$300 below comparable units.
    (303) 328-2050
    We can help!
    Listing Contact
    CLAYTON PRIMM
    Real Estate License ID: FA100024161
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16680 W 11th Ave Avenue, Golden, CO 80401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!