Lakewood Apartment Building
5275 West 1st Avenue Lakewood, CO 80226
5275 West 1st Avenue, Lakewood, CO, 80226
$5,000,000
For Sale
$5,000,000
32-unit apartment building in Lakewood, Colorado.
Property Size23,090 SF
Price / SF$216.54
Days on Market243
Property Features for 5275 West 1st Avenue
General Information
- Standard status
- Active
- Size
- 23,090 SF
- Property subtype
- Multifamily
Listing agency
Pinnacle Real Estate Advisors
(303) 962-9559
Listed by
Josh Newell · License #FA100001439
Source
Pinnaclerea
Added: Nov 21, 2025 Updated: Jul 6 at 8:39AM Checked: Jul 19 at 4:26AM
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 property features a 32-unit apartment building in Lakewood. The property has a size of 23090 square feet. It is classified as an apartment building, multifamily property, and residential income property.
Key Highlights
- 32 Unit Apartment Building
- Lakewood Location
- Just Sold
Local Financial Insights For Apartment 5plus
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 | $568.0k | $24.60 |
| − Vacancy | −$34.1k | −$1.48 |
| EGI | $533.9k | $23.12 |
| − OpEx | −$240.3k | −$10.41 |
| NOI | $293.7k | $12.72 |
23,090 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.20M
$3.67M – $4.89M
NOI $293,663 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.92M
$6.05M – $8.07M
NOI $484,114 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 32-unit apartment building in Lakewood, Colorado.
Where is this apartment building located?
The property is located at 5275 West 1st Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 32 Unit Apartment Building; Lakewood Location; Just Sold
