Medical Office Building with Treatment
1805 Kipling St, Lakewood, CO 80215
For Sale
$2,050,000
An adaptable medical or office property includes a reception area, basement storage, and accessible first-floor space.
Property Size10,800 SF
Price / SF$189.81
Days on Market18
Property Features for 1805 Kipling St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Amenities
ADA-accessible first floor
employee shower
large basement storage
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Unique Properties LLC
Listed By:
Rachel Colorosa · License #100066476
(303) 886-8154
Source:
Thedenverhomefinder
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 8 at 7:00AM
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 Unique Properties LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,800-square-foot medical office building dates to 1976 and can accommodate multiple tenants or a single user. Approximately 5,124 square feet are vacant, with a primary reception area included in that available space. Treatment rooms have plumbing and exam tables. The building also features a large basement storage area, an employee shower, and masonry construction.
Located at 1805 Kipling St in Lakewood, the property sits between Downtown Denver and the western foothills. Recent work included a roof, breezeway, and skylights in 2017–2018, followed by a water heater replacement in 2023.
Located at 1805 Kipling St in Lakewood, the property sits between Downtown Denver and the western foothills. Recent work included a roof, breezeway, and skylights in 2017–2018, followed by a water heater replacement in 2023.
Key Highlights
- 10,800‑square‑foot medical office building with multi‑tenant or single‑user configuration
- Approximately 5,124 square feet of vacancy, including a primary reception area
- Treatment rooms are plumbed and equipped with exam tables
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,518
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,250,360
$3.3M
Cap Rate 7%
$2,321,686
$2.3M
Cap Rate 9%
$1,805,756
$1.8M
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$285.1K $26.40/SF
− Vacancy
−$68.4K −$6.34/SF
EGI
$216.7K $20.06/SF
− OpEx
−$54.2K −$5.02/SF
NOI
$162.5K $15.05/SF
Area
Lakewood, CO
Vacancy
24.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,250,360
Cap Rate 7%
$2,321,686
Cap Rate 9%
$1,805,756
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.71M
NOI $162,518 @ 7.0% cap · market cap 7.93%
Second Best
Healthcare Medical
$2.29M
$2.00M – $2.67M
NOI $160,069 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,437 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$615,500
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Jefferson County, CO
Properties on Market for Medical Office Space in Jefferson County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- PEIVDF — 1051 Independence St STE 303, Lakewood, CO 80215
- 4 Paws Animal Clinic — 9797 W Colfax Ave Unit 3CC, Lakewood, CO 80215
Frequently Asked Questions
What type of property is this?
Medical Office Space - An adaptable medical or office property includes a reception area, basement storage, and accessible first-floor space.
Where is this medical office space located?
The property is located at 1805 Kipling St Lakewood, CO.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 10,800‑square‑foot medical office building with multi‑tenant or single‑user configuration; Approximately 5,124 square feet of vacancy, including a primary reception area; Treatment rooms are plumbed and equipped with exam tables
