Workforce Apartment
For Sale
$2,575,000
7310 W 10th Ave, Lakewood, CO 80214
Seventeen-unit apartment community offers studio through two-bedroom units on a 0.52-acre site.
Property Size12,544 SF
Days on Market94
Property Features for 7310 W 10th Ave
General Information
Standard status
Active
Size
12,544 SF
Property subtype
Multifamily
Building Details
Building Size
12,544 SF
Year Built
1960
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Jim Knowlton · License #100032419
(719) 651-8495
Source:
Pinnaclerea
Added: Jul 16
Changed: Oct 10
Last Checked: Oct 16 at 6:41AM
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
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Investment Insights
Based on property information with market context.
Club Apartments is a 17-unit multifamily community offering a mix of studio, one-bedroom, and two-bedroom apartments. The property totals approximately 11,602 rentable square feet and sits on a 0.52-acre site. The asset is described as well maintained, with current operations supporting strong occupancy.
The property is located in Lakewood in Denver’s west-suburban market, with convenient access to downtown Denver and major employment centers. Public transportation access is noted in the remarks, and the asset is also associated with the West Colfax corridor amenities.
Bike and walk scores are provided in the materials, with the property identified as bikeable and more car-dependent for day-to-day transportation, reflecting moderate transit access and supporting an auto-oriented renter base.
The property is located in Lakewood in Denver’s west-suburban market, with convenient access to downtown Denver and major employment centers. Public transportation access is noted in the remarks, and the asset is also associated with the West Colfax corridor amenities.
Bike and walk scores are provided in the materials, with the property identified as bikeable and more car-dependent for day-to-day transportation, reflecting moderate transit access and supporting an auto-oriented renter base.
Key Highlights
- 17‑unit multifamily community in Lakewood offers studio, 1‑bedroom, and 2‑bedroom apartments
- Approximately 11,602 rentable SF on a 0.52‑acre site
- Year built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,537
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,190,740
$3.2M
Cap Rate 7%
$2,279,100
$2.3M
Cap Rate 9%
$1,772,633
$1.8M
Market Conditions
NOI Build-Up for 12,544 SF
Gross rent
$308.6K $24.60/SF
− Vacancy
−$18.5K −$1.48/SF
EGI
$290.1K $23.12/SF
− OpEx
−$130.5K −$10.41/SF
NOI
$159.5K $12.72/SF
Area
Lakewood, CO
Vacancy
6.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,190,740
Cap Rate 7%
$2,279,100
Cap Rate 9%
$1,772,633
Alternative Uses
Best Use
Apartment 5plus
$2.28M
$1.99M – $2.66M
NOI $159,537 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.76M
$3.29M – $4.38M
NOI $263,003 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Seventeen-unit apartment community offers studio through two-bedroom units on a 0.52-acre site.
Where is this apartment building located?
The property is located at 7310 W 10th Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 17‑unit multifamily community in Lakewood offers studio, 1‑bedroom, and 2‑bedroom apartments; Approximately 11,602 rentable SF on a 0.52‑acre site; Year built: 1960
