Lakewood Apartment Building with 16
9885 W 21st Avenue Lakewood, CO 80215
For Sale
$3,050,000
16-unit apartment building in Lakewood, Colorado.
Property Size14,265 SF
Price / SF$213.81
Days on Market251
Property Features for 9885 W 21st Avenue
General Information
Standard status
Active
Size
14,265 SF
Property subtype
Multifamily
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9559
Listed By:
Josh Newell · License #FA100001439
Source:
Pinnaclerea
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 17 at 4:02AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This is a 16-unit apartment building located in Lakewood, Colorado. The property has a size of 14265 square feet.
Key Highlights
- 16 unit apartment building
- Just sold
- Lakewood location
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $350.9k | $24.60 |
| − Vacancy | −$21.1k | −$1.48 |
| EGI | $329.9k | $23.12 |
| − OpEx | −$148.4k | −$10.41 |
| NOI | $181.4k | $12.72 |
14,265 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.59M
$2.27M – $3.02M
NOI $181,425 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.27M
$3.74M – $4.98M
NOI $299,086 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit apartment building in Lakewood, Colorado.
Where is this apartment building located?
The property is located at 9885 W 21st Avenue Lakewood, CO.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: 16 unit apartment building; Just sold; Lakewood location
