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    5530 Colfax Ave Lakewood, CO 80214

    Sponsored
    For Sale
    $1,650,000

    High-yield, multi-use property in Lakewood.

    Property size:
    5,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment property, located at 5530-5536 W Colfax Ave in Lakewood, Colorado, presents a compelling opportunity. The 0.44-acre site, encompassing two parcels, boasts 5,550 square feet of net rentable space distributed across four buildings. The property includes four units: two residential apartments (a 2-bedroom/1-bathroom and a 1-bedroom/1-bathroom), and two retail/commercial spaces currently operating as an auto shop. The auto shop component features a lift, ample bays, and a sizable reception area. The property benefits from a prime location on Colfax Avenue, offering high visibility and significant foot traffic. Ample on-site parking accommodates 72+ vehicles. Built in 1943 and 1975, with significant renovations completed in 2020 (including a new roof and wiring), the property is in excellent condition. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $105,598, representing a 6.40% capitalization rate. The asking price is $1,650,000, translating to $297.30 per square foot. The property is zoned M-G-U and is situated within a Qualified Opportunity Zone (QOZ), offering potential tax advantages. This stabilized investment property offers a strong return on investment in a thriving Lakewood market. The property features a double-sided pylon sign for enhanced visibility.

    Property Features for 5530 Colfax Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,550 SF
    Lot Size
    19,166 SF

    Building Details

    Year Renovated
    2020
    Buildings
    4
    Stories
    2
    Units
    4

    HighLights

    • $1,650,000 asking price for a stabilized mixed‑use investment property.
    • 6.40% cap rate with a $105,598 NOI.
    • 5,550 square feet on a 0.44‑acre lot, encompassing four buildings.
    • 100% occupancy with a November 1, 2024 occupancy date.
    • Four units, including apartments and retail/auto shop space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.05793844
    Latitude
    39.74024225

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, multi-use property in Lakewood.
    Where is this individual retail property located?
    The property is located at 5530 Colfax Ave Lakewood, CO.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price for a stabilized mixed-use investment property.; 6.40% cap rate with a $105,598 NOI.; 5,550 square feet on a 0.44-acre lot, encompassing four buildings.
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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
    5530 Colfax Ave Lakewood, CO 80214
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