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    Property profile & analytics

    2500 Youngfield St Lakewood, CO 80215-1045

    • Office buildings
    • 4,537 SF
    • 0.55 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2024
    $890,000
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    8.2%
    Office buildings
    Location Intelligence
    Property ID
    US13-2619270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 2500 Youngfield St

    Year built
    1959
    Construction
    STEEL FRAME
    Lot size
    0.55 lot acres
    Property size
    4,537 SF
    Property type
    Office buildings
    APN
    39-322-02-015
    APU
    3932202015

    Description

    This exceptional investment opportunity presents a 4,445 square foot, single-story office building situated on a 0.55-acre lot in Lakewood, Colorado. The property, built in 1959 and zoned M-N-S, boasts 100% occupancy with six tenants across five units, generating a strong net operating income (NOI) of $47,500 and a 5.00% cap rate. The asking price is $950,000, translating to $213.72 per square foot. Ample parking is available with 32 spaces. The building benefits from excellent visibility and street appeal, enhanced by monument signage and its convenient location near Youngfield Street and I-70, providing easy access to key amenities, including restaurants, retail, hotels, and Lutheran Medical Center Hospital. The property features staggered leases with annual rental escalations, minimizing vacancy risk and ensuring a consistent income stream. Furthermore, the owner has invested over $75,000 in recent property improvements, guaranteeing high-quality finishes and appeal to tenants. This well-maintained asset represents a secure and lucrative investment opportunity for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $890,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,215,000
      6.5%
      $1,120,000
      7%
      $1,040,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $623,000
      Market price range: $513k - $1.02M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.142
    Latitude
    39.7529
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,824
    $83,550
    $133,676
    $217,226
    -
    $299,463
    $509,127
    $808,590

    Comparable in this City

    • Value Estimation
      $800,000
      2,130,018 SF

      Denver Fed Ctr

      OFFICE BUILDING • 2,130,018 SF
      Denver Fed Ctr, Lakewood, CO 80215
      View Details
    • Value Estimation
      $1,485,000
      13,048 SF

      8725 14th Ave

      OFFICE BUILDING • 13,048 SF
      8725 14th Ave, Lakewood, CO 80215-4877
      View Details
    • Value Estimation
      $1,090,000
      20,032 SF

      8805 14th Ave

      OFFICE BUILDING • 20,032 SF
      8805 14th Ave, Lakewood, CO 80215-4848
      View Details
    • Value Estimation
      $450,000
      32,625 SF

      11011 6th Ave

      OFFICE BUILDING • 32,625 SF
      11011 6th Ave, Lakewood, CO 80215-5588
      View Details
    • Value Estimation
      $1,445,000
      17,403 SF

      1550 Dover St

      OFFICE BUILDING • 17,403 SF
      1550 Dover St, Lakewood, CO 80215-3106
      View Details
    • Value Estimation
      $230,000
      2,700 SF

      9940 25th Ave

      OFFICE BUILDING • 2,700 SF
      9940 25th Ave, Lakewood, CO 80215-1517
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,924 SF

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      Highly visible office building with convenient access and many amenities.
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    • $6,500,000
      50,924 SF

      Denver Office Building For Sale

      Highly visible office building with convenient access and monument signage.
      10455 W 6Th Ave, Denver, CO 80215
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    • $2,500,000
      24,486 SF

      Lakewood Mixed-Use Redevelopment

      Prime Lakewood location, vacant, high visibility.
      10395 Colfax Ave, Lakewood, CO 80215
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    • Contact for pricing
      14,723 SF

      Open Office Space with Light

      Centrally located office space with open floor plan and abundant light.
      651 Garrison St, Denver, CO 80215
      View Details
    • $975,000
      2,376 SF

      1420 Garrison St

      Individual retail properties • 2,376 SF
      1420 Garrison St, Lakewood, CO 80215
      View Details
    • $2,500,000
      24,486 SF

      Lakewood Office Building - Prime Location

      High-visibility office building, 24,486 sq ft, 1.21 acres.
      10395 Colfax Ave, Lakewood, CO 80215
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      14,723 SF

      Prime 2nd Story Office Space For Lease

      Prime 2nd Story Office Space For Lease
      651 Garrison Street, Lakewood, CO 80215
      View Details
    • $16 SF/Yr
      23,673 SF

      Jefferson County Office Space

      Prime Office Suites, Jefferson County
      1350 Independence St, Lakewood, CO 80215
      View Details
    • $16 SF/Yr
      25,020 SF

      Lakewood Creative Office Complex

      Versatile spaces, prime Lakewood location.
      608-610 Garrison St, Lakewood, CO 80215
      View Details
    • Contact for pricing
      1,350 SF

      Lakewood Executive Office Suite

      1,350 sq ft, High-Visibility Location
      8700 Colfax Ave, Lakewood, CO 80215
      View Details
    • $16 SF/Yr
      25,020 SF

      Centrally located with Versatile Floor Plans Ideal for Retail, Office, and Flex user

      Centrally located with Versatile Floor Plans Ideal for Retail, Office, and Flex user
      608-610 Garrison Street, Lakewood, CO 80215
      View Details
    • $15 SF/Yr
      30,048 SF

      Lakewood Medical Office Space

      Prime Medical Office Suites Available
      8805 14Th Ave, Lakewood, CO 80215
      View Details
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    2500 Youngfield St
    Lakewood, CO 80215-1045
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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