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    8810 Colfax Ave Lakewood, CO 80215

    Sponsored
    For Sale
    $995,000

    West Colfax Ave. auto shop, great location, high potential.

    Property size:
    2,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,210 square foot auto shop, located at 8810 West Colfax Avenue in Lakewood, Colorado, presents a compelling investment opportunity. Built in 1970, this Class B retail property sits on a substantial 30,928 square foot lot and boasts a prime location on West Colfax Avenue, midway between Kipling and Wadsworth. The property includes a reception area, four offices, two restrooms, and two drive-in service bays. A significant advantage is the large, secluded, and secured 30,000+ square foot yard area at the rear of the building, offering ample storage space. The current tenant is under a Modified Gross Lease, extending until March 31, 2028, providing immediate income potential. The property's strategic location offers excellent visibility and accessibility, situated just one block from a Safeway, Natural Grocers, Ziggi's Coffee, Starbucks, and the Lakewood Recreation Center. Furthermore, it's only two blocks from the RTD Garrison Station, Wendy's, and a Chicago Market, ensuring high foot traffic and customer convenience. The property's size and location offer significant potential for future redevelopment. This owner/user or investment opportunity is priced at $995,000. The property's features, location, and lease terms make it an attractive proposition for both investors and owner-operators seeking a well-established business in a thriving area.

    Property Features for 8810 Colfax Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    2,210 SF
    Class
    B

    Building Details

    Year Built
    1970

    HighLights

    • High‑profile W. Colfax Ave frontage with hidden rear storage.
    • Existing tenant under a modified gross lease expiring March 31, 2028.
    • Two drive‑in service bays.
    • Excellent redevelopment potential.
    • One block from Safeway, Natural Grocers, coffee shops, and Lakewood Recreation Center.
    • Two blocks from RTD light rail, Wendy's, and Chicago Market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    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
    -105.096604
    Latitude
    39.7400295

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    FAQs

    What type of property is this?
    Automotive property - West Colfax Ave. auto shop, great location, high potential.
    Where is this automotive property located?
    The property is located at 8810 Colfax Ave Lakewood, CO.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: High-profile W. Colfax Ave frontage with hidden rear storage.; Existing tenant under a modified gross lease expiring March 31, 2028.; Two drive-in service bays.
    (303) 962-9555
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    8810 Colfax Ave Lakewood, CO 80215
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    Lakewood, CO 80215
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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
    8810 Colfax Ave Lakewood, CO 80215
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