Colfax Freestanding Showroom/Office/Distribution
For Sale
Contact for pricing
8101 W Colfax Ave, Lakewood, CO 80214
Three-level, 16,300 SF building on 0.60 acres in Lakewood, Colorado.
Property Size16,320 SF
Lot Size0.60 Acres
Price / SF$140.32
Days on Market182
Property Features for 8101 W Colfax Ave
General Information
Standard status
Active
Size
16,320 SF
Lot size
0.60 Acres
Property subtype
Industrial, Office, Retail
Zoning
Mixed Use General Urban
Investment Type
Owner/User
Building Details
Year Built
1972
Stories
3
Listing Agency:
Step Commercial Real Estate
Listed By:
Manuel Martin · License #FA100100336
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 11 at 4:08PM
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 Step Commercial Real Estate
Investment Insights
Based on property information with market context.
This three-level, freestanding building offers approximately 16,300 square feet of showroom, office, and light distribution space. Situated on approximately 0.60 acres along West Colfax Avenue in Lakewood, Colorado, the property benefits from high visibility and a flexible layout. The location offers strong repositioning potential within a dynamic commercial corridor. Located on West Colfax Avenue, a primary east-west thoroughfare in the Denver metropolitan area, the property is near Wadsworth Boulevard and 6th Avenue, with convenient access to Downtown Denver and surrounding suburbs. The surrounding area includes a mix of national retailers, local businesses, restaurants, and residential areas. West Colfax is undergoing revitalization and redevelopment, which may enhance long-term investment stability and growth potential. This property is an owner-user opportunity.
Key Highlights
- ±16,300 SF freestanding showroom, office, and light distribution building.
- Located on highly visible West Colfax corridor in Lakewood, Colorado.
- Rare owner‑user opportunity.
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
$156,839
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
6.85%
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%
$3,136,780
$3.1M
Cap Rate 7%
$2,240,557
$2.2M
Cap Rate 9%
$1,742,656
$1.7M
Market Conditions
NOI Build-Up for 16,320 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
$200.7K $12.30/SF
− Vacancy
−$16.2K −$0.99/SF
EGI
$184.5K $11.31/SF
− OpEx
−$27.7K −$1.70/SF
NOI
$156.8K $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%
$3,136,780
Cap Rate 7%
$2,240,557
Cap Rate 9%
$1,742,656
Alternative Uses
Best Use
Office B
$3.51M
$3.07M – $4.09M
NOI $245,583 @ 7.0% cap · market cap 10.72%
Second Best
Mixed Use
$3.34M
$2.92M – $3.90M
NOI $233,906 @ 7.0% cap · market cap 10.21%
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,172 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,610
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level, 16,300 SF building on 0.60 acres in Lakewood, Colorado.
Where is this mixed-use property located?
The property is located at 8101 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: ±16,300 SF freestanding showroom, office, and light distribution building.; Located on highly visible West Colfax corridor in Lakewood, Colorado.; Rare owner‑user opportunity.
