Drive-In Warehouse
For Sale
Contact for pricing
8035 - 8055 W Colfax Ave, Lakewood, CO 80214
Two warehouse units with drive-in doors and clear heights up to 14 feet.
Property Size9,448 SF
Price / SF$121.72
Days on Market85
Property Features for 8035 - 8055 W Colfax Ave
General Information
Standard status
Active
Size
9,448 SF
Property subtype
Industrial
Zoning
M-G-S Lakewood
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Building Details
Buildings
2
Listing Agency:
Fuller Real Estate
Listed By:
Brian Baker · License #CO FA100051511
(720) 280-4733
Source:
Crexi
Added: Jun 17
Changed: Sep 3
Last Checked: Sep 8 at 3:39AM
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 Fuller Real Estate
Investment Insights
Based on property information with market context.
This offering includes two warehouse addresses, 8035 and 8055 W Colfax Ave, with drive-in access through dedicated doors. 8055 W Colfax Ave features approximately 6,200 SF with a 14' clear height and a 12' x 12' drive-in door. 8035 W Colfax Ave provides approximately 3,248 SF with a 10' clear height and a 10' x 10' drive-in door.
The property is located at 8035–8055 W Colfax Ave in Lakewood, CO 80214.
The property is located at 8035–8055 W Colfax Ave in Lakewood, CO 80214.
Key Highlights
- Two warehouse units on W Colfax Ave: 8055 W Colfax Ave (6,200 SF) and 8035 W Colfax Ave (3,248 SF)
- 8055 W Colfax Ave offers 14' clear height and a 12' x 12' drive‑in door
- 8035 W Colfax Ave offers 10' clear height and a 10' x 10' drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,815,960
$1.8M
Cap Rate 7%
$1,297,114
$1.3M
Cap Rate 9%
$1,008,867
$1.0M
Market Conditions
NOI Build-Up for 9,448 SF
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.
Gross rent
$116.2K $12.30/SF
− Vacancy
−$9.4K −$0.99/SF
EGI
$106.8K $11.31/SF
− OpEx
−$16.0K −$1.70/SF
NOI
$90.8K $9.61/SF
Area
Lakewood, CO
Vacancy
8.08%
Lease Rate
$12.30 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,815,960
Cap Rate 7%
$1,297,114
Cap Rate 9%
$1,008,867
Alternative Uses
Best Use
Warehouse
$1.30M
$1.13M – $1.51M
NOI $90,798 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,091 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,575
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Record Nations — 14500 W Colfax Ave, Lakewood, CO 80401
Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouse units with drive-in doors and clear heights up to 14 feet.
Where is this warehouse located?
The property is located at 8035 - 8055 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two warehouse units on W Colfax Ave: 8055 W Colfax Ave (6,200 SF) and 8035 W Colfax Ave (3,248 SF); 8055 W Colfax Ave offers 14' clear height and a 12' x 12' drive‑in door; 8035 W Colfax Ave offers 10' clear height and a 10' x 10' drive‑in door
