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    Spacious Townhouse with Private Atrium Title is generated by Realmo AI

    9193 W 7th Avenue, Lakewood, CO 80215

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    For Sale
    $449,000

    Comfortable and modern 3-bedroom townhouse with versatile layout.

    Type:Condo/Townhome
    Property size:
    2,071 SF
    Price / SF:
    $216/SF
    Added:
    Mar 24, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 6 at 3:09 am

    Property Features for 9193 W 7th Avenue

    General Information

    Standard status
    Active
    Size
    2,071 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Janel Fisher

    Listing agent Janel Fisher License #100081821

    Listing office LPT Realty

    Listing date Mar 24, 2026

    Source Exitrealty

    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 LPT Realty

    HighLights

    • Spacious 3‑bedroom, 3‑bathroom townhouse in a quiet, well‑maintained community.
    • Updated kitchen appliances and breakfast bar.
    • Peaceful outdoor atrium accessible from the main living area.
    • Finished basement offering flexible space for office, gym, or entertainment.
    • Two‑car garage for ample storage and parking.
    • Convenient location near shopping, dining, schools, and easy access to downtown and the mountains.

    Overview

    This spacious 3-bedroom, 3-bathroom townhouse offers a blend of comfort and modern convenience. Located in a quiet and well-maintained community, this 2071 square foot home features a versatile layout suitable for living, working, and entertaining. The bright and welcoming living area includes a loft that provides natural light through new windows. The kitchen is equipped with updated appliances and a breakfast bar, and it flows into a dining room suitable for hosting gatherings. A standout feature is the peaceful outdoor atrium, a private oasis accessible from the main living area. Upstairs, there are two generously sized bedrooms, including a primary suite with an en-suite sink. An additional bedroom is located downstairs with its own bathroom and large living space. The fully finished basement offers a flexible space that could be used as a home office, gym, or entertainment room. The property includes a two-car garage. The townhouse is conveniently located near shopping, dining, and schools, with easy access to downtown and the mountains via Sixth Avenue.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $292.7K
    NOI $26,339 @ 9.00% cap · cautious / downside scenario
    Moderate
    $376.3K
    NOI $26,339 @ 7.00% cap · market / base-case scenario
    Aggressive
    $526.8K
    NOI $26,339 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $50.9k $24.60
    − Vacancy −$3.1k −$1.48
    EGI $47.9k $23.12
    − OpEx −$21.6k −$10.41
    NOI $26.3k $12.72
    2,071 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $376.3K
    $329.2K – $439.0K (±1% cap)
    NOI $26,339 @ 7.0% cap · market cap 5.87%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $620.3K
    $542.8K – $723.7K (±1% cap)
    NOI $43,421 @ 7.0% cap · market cap 9.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Map

    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1534308
    Latitude
    39.7275512

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    FAQs

    What type of property is this?
    Residential income property - Comfortable and modern 3-bedroom townhouse with versatile layout.
    Where is this residential income property located?
    The property is located at 9193 W 7th Avenue Lakewood, CO.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Spacious 3‑bedroom, 3‑bathroom townhouse in a quiet, well‑maintained community.; Updated kitchen appliances and breakfast bar.; Peaceful outdoor atrium accessible from the main living area.
    (877) 366-2213
    We can help!
    Listing Contact
    Janel Fisher
    Real Estate License ID: 100081821
    Learn More
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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.

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