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    940 Wadsworth Blvd Lakewood, CO 80214

    For Sale
    $5,585,000

    Prime Lakewood office building, high occupancy, strong NOI.

    Property size:
    40,474 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a four-story, 40,474 square foot Class B office building located at 940 Wadsworth Blvd in Lakewood, Colorado. Built in 1983, the property sits on a 2.25-acre lot and features 129 parking spaces, providing ample convenience for tenants and visitors. Currently boasting an 86% occupancy rate across its ten units, the building generates a Net Operating Income (NOI) of $193,988, representing a 3.00% capitalization rate. Pro forma projections indicate a 5.00% cap rate, highlighting significant potential for increased profitability. The property is zoned M-G-U (Lakewood) and offers a gross lease structure. The asking price is $5,585,000, translating to $137.99 per square foot. This presents an excellent owner-user or investor opportunity in a desirable Lakewood location. The building's traditional office layout is well-suited for a variety of businesses. With its substantial size, ample parking, and strong current performance, this property offers a compelling investment prospect with room for growth.

    Property Features for 940 Wadsworth Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    40,474 SF
    Class
    B
    Lot Size
    98,010 SF

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    4
    Units
    10

    HighLights

    • Excellent owner‑user or investment opportunity.
    • High‑demand location with strong tenant base.
    • Significant upside potential through lease‑up or rent increases.
    • Well‑maintained building with modern amenities.
    • Strong cash flow and attractive cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Canna Valuation LLC ... Financial Consultant Seigneur Gustafson Accountant Tax Office Inc Tax Preparation Service Network Affiliates Website Designer Dwight Zurawski CPA Certified Public Accountant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.08140011581
    Latitude
    39.73171915052

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lakewood office building, high occupancy, strong NOI.
    Where is this office property / space located?
    The property is located at 940 Wadsworth Blvd Lakewood, CO.
    What is the asking price?
    The asking price for this property is $5,585,000.
    What are key features of this property?
    This property features: Excellent owner-user or investment opportunity.; High-demand location with strong tenant base.; Significant upside potential through lease-up or rent increases.
    Request Owner's contact information
    940 Wadsworth Blvd Lakewood, CO 80214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    940 Wadsworth Blvd Lakewood, CO 80214
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