Car Wash Property with Drive-Thru
For Sale
Contact for pricing
7801-7833 W Colfax Ave, Lakewood, CO 80214
Car wash facility zoned M-G-U with an attached drive-thru wash bay and newer HVAC in a 1964-1965 build.
Property Size31,955 SF
Lot Size1.93 Acres
Price / SF$132
Days on Market274
Property Features for 7801-7833 W Colfax Ave
General Information
Standard status
Active
Size
31,955 SF
Lot size
1.93 Acres
Property subtype
RETAIL
Zoning
M-G-U
Site & Location
Neighborhood
Daniels
Road Access
Yes
Additional Details
Asking Price
$4,250,000
Car Wash Bays
1
Amenities
New HVAC
Parking Lot Lighting and Exterior Building Lighting
Building Details
Year Built
1965
Listing Agency:
Unique Properties, Inc.
(720) 513-3937
Listed By:
Justin Herman · License #FA.100041438
(610) 836-2156
Source:
Moodyscre
Added: Jan 28
Changed: Oct 25
Last Checked: Oct 28 at 9:11AM
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, Inc.
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Investment Insights
Based on property information with market context.
Car wash property featuring an attached drive-thru wash bay, with a versatile layout suited for car dealership, showroom, retail, or service-based operations. The building totals 31,955 SF and was built in 1964/1965, with newer HVAC and parking lot and exterior building lighting.
The site is located at 7801-7833 W. Colfax Avenue with 1557 Yarrow Street address also referenced in the offering. It sits on 84,000 SF of land with 300 ft of frontage along a main street and is positioned near Wadsworth Blvd.
Zoned M-G-U, the property provides flexible development options, including a stated height limit up to 90 feet. 1557 Yarrow Street is noted as leased until December 2028, and future stormwater and drainage improvements are indicated as imminent. The listing also highlights the large developable lot and the possibility of subdividing the lot.
The site is located at 7801-7833 W. Colfax Avenue with 1557 Yarrow Street address also referenced in the offering. It sits on 84,000 SF of land with 300 ft of frontage along a main street and is positioned near Wadsworth Blvd.
Zoned M-G-U, the property provides flexible development options, including a stated height limit up to 90 feet. 1557 Yarrow Street is noted as leased until December 2028, and future stormwater and drainage improvements are indicated as imminent. The listing also highlights the large developable lot and the possibility of subdividing the lot.
Key Highlights
- 31,955 SF car wash building built in 1964/1965
- Attached drive‑thru wash bay
- 84,000 SF land site with 300 ft frontage on a main street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,902
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,058,040
$5.1M
Cap Rate 7%
$3,612,886
$3.6M
Cap Rate 9%
$2,810,022
$2.8M
Market Conditions
NOI Build-Up for 31,955 SF
Gross rent
$393.0K $12.30/SF
− Vacancy
−$31.8K −$0.99/SF
EGI
$361.3K $11.31/SF
− OpEx
−$108.4K −$3.39/SF
NOI
$252.9K $7.91/SF
Area
Lakewood, CO
Vacancy
8.08%
Lease Rate
$12.30 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,058,040
Cap Rate 7%
$3,612,886
Cap Rate 9%
$2,810,022
Alternative Uses
Best Use
Specialty Retail
$6.88M
$6.02M – $8.02M
NOI $481,434 @ 7.0% cap · market cap 11.33%
Second Best
Retail
$6.14M
$5.37M – $7.16M
NOI $429,811 @ 7.0% cap · market cap 10.11%
Theoretical Best
Office A
$9.57M
$8.37M – $11.17M
NOI $669,981 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Car wash - Car wash facility zoned M-G-U with an attached drive-thru wash bay and newer HVAC in a 1964-1965 build.
Where is this car wash located?
The property is located at 7801-7833 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 31,955 SF car wash building built in 1964/1965; Attached drive‑thru wash bay; 84,000 SF land site with 300 ft frontage on a main street
