Retail Space with Two
7007 W Colfax Ave, Lakewood, CO 80214
For Sale
Contact for pricing
Retail space on MGU Lakewood zoning with two buildings and two curb cuts for access flexibility.
Property Size5,760 SF
Price / SF$286.46
Days on Market634
Property Features for 7007 W Colfax Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Building Details
Buildings
Listing Agency:
Madison Commercial Properties
(303) 771-3850
Listed By:
Brian Costello · License CO FA100074241
(720) 935-5656
Source:
Moodyscre
Added: Feb 18, 2025
Changed: Nov 12
Last Checked: Nov 12 at 10:53AM
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 Madison Commercial Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Retail space located at 7007 W Colfax Ave in Lakewood, Colorado, with MGU Lakewood zoning. The property consists of two buildings and totals 5,760 SF.
The industrial building includes four units, providing a multi-tenant setup. Two curb cuts offer direct access for vehicles and service needs.
This configuration supports retail-focused tenancy where flexible access and multiple units are part of the operating plan, with the zoning designation governing allowable uses.
The industrial building includes four units, providing a multi-tenant setup. Two curb cuts offer direct access for vehicles and service needs.
This configuration supports retail-focused tenancy where flexible access and multiple units are part of the operating plan, with the zoning designation governing allowable uses.
Key Highlights
- 5,760 SF retail space at 7007 W Colfax Ave
- MGU Lakewood zoning
- Two buildings on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,475
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,500
$1.5M
Cap Rate 7%
$1,106,786
$1.1M
Cap Rate 9%
$860,833
$860.8K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$121.0K $21.00/SF
− Vacancy
−$10.3K −$1.79/SF
EGI
$110.7K $19.22/SF
− OpEx
−$33.2K −$5.76/SF
NOI
$77.5K $13.45/SF
Area
Lakewood, CO
Vacancy
8.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,500
Cap Rate 7%
$1,106,786
Cap Rate 9%
$860,833
Alternative Uses
Best Use
Retail
$1.11M
$968.4K – $1.29M
NOI $77,475 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,766 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,575
Businesses Nearby
307k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 59%
Dining 16%
Electronics 11%
Shops & Services 8%
Target
Superstores
181,988 visits/mo
0.5 miles
Best Buy
Electronics
34,434 visits/mo
0.2 miles
Dollar Tree
Shops & Services
23,928 visits/mo
0.5 miles
Freddy's Frozen Custard & Steakburgers
Dining
18,679 visits/mo
0.3 miles
Olive Garden
Dining
18,548 visits/mo
0.4 miles
Demographics for 80214, CO
26,493
Population
13,298
Households
2
Avg Household Size
36
Median Age
39%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,637
Density / Sq Mi
$74,259
Median Household Income
$48,094
Median Earnings
$1,516
Median Rent
$519,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Jefferson County, CO
Properties on Market for Retail space in Jefferson County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space on MGU Lakewood zoning with two buildings and two curb cuts for access flexibility.
Where is this retail space located?
The property is located at 7007 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,760 SF retail space at 7007 W Colfax Ave; MGU Lakewood zoning; Two buildings on the property
