Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 Wadsworth Blvd Lakewood, CO 80226
    Back to Search
    Property profile & analytics

    215 Wadsworth Blvd Lakewood, CO 80226

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 215 Wadsworth Blvd

    Year built
    1973
    Property type
    Office properties & Spaces

    Description

    This exceptional 150,000 USD office space, located at 215 S Wadsworth Boulevard Unit 225 in Lakewood, CO, presents a fantastic opportunity for small business owners. The unit features large east-facing windows, bathing the interior in natural light, creating a bright and inviting workspace. The layout includes two smaller, private offices, ideal for individual work or meetings, and a spacious open area perfect for collaborative work or a flexible open-concept design. The building offers convenient amenities, including readily accessible elevators and shared restrooms. A shared conference room, located in the basement, is available for use by all building occupants. This Lakewood office enjoys an unparalleled location near Bel Mar, providing easy access to a variety of shopping and dining options. Its proximity to Highway 6 and public transportation ensures excellent commuting convenience. The building itself is secure, and the ample parking lot offers convenient parking for tenants and their clients. This move-in ready office space is a rare find in a highly desirable location. Don't miss this chance to establish your business in a thriving area with exceptional accessibility and amenities. The property is situated on a 0-acre lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.082
    Latitude
    39.7123

    Comparable in this City

    • Value Estimation by Request
      517 SF

      7506 Mississippi Ave, Unit 130

      CONDOMINIUM OFFICES • 517 SF
      7506 Mississippi Ave, Denver, CO 80226
      View Details
    • Value Estimation by Request
      437 SF

      7506 Mississippi Ave, Unit 310

      CONDOMINIUM OFFICES • 437 SF
      7506 Mississippi Ave, Denver, CO 80226
      View Details
    • Value Estimation by Request
      556 SF

      7500 Mississippi Ave, Unit 350

      CONDOMINIUM OFFICES • 556 SF
      7500 Mississippi Ave, Lakewood, CO 80226-4550
      View Details
    • Value Estimation
      $610,000
      2,476 SF

      10576 Alameda Ave Ste, Unit 2

      CONDOMINIUM OFFICES • 2,476 SF
      10576 Alameda Ave Ste, Lakewood, CO 80226-2690
      View Details
    • Value Estimation by Request
      6,898 SF

      9250 5Th Ave

      Office properties & Spaces • 6,898 SF
      9250 5Th Ave, Lakewood, CO 80226
      View Details
    • Value Estimation by Request
      526 SF

      7506 Mississippi Ave, Unit 300

      CONDOMINIUM OFFICES • 526 SF
      7506 Mississippi Ave, Denver, CO 80226
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Lakewood Office Building For Sale

      Office building with highway access and ample parking.
      7456 W 5Th Ave, Lakewood, CO 80226
      View Details
    • $350,000
      960 SF

      Spacious Warehouse/Storage Unit For Sale

      Versatile warehouse/storage unit with mezzanine, gated access, and surveillance.
      560 Ames St, Denver, CO 80226
      View Details
    • Contact for pricing
      3,020 SF

      Lakewood Multifamily Investment Opportunity

      Workforce housing asset with income growth potential in central Lakewood.
      5530 W 3Rd Pl, Lakewood, CO 80226
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Rent

      Office space available for lease in Denver, Colorado.
      500 South Teller St, Denver, CO 80226
      View Details
    • Contact for pricing
      5,221 SF

      Lakewood Office Space Available

      Office space available for lease in Lakewood, Colorado.
      7450 West Alaska Dr, Lakewood, CO 80226
      View Details
    • Contact for pricing
      3,900 SF

      Denver Medical Office Space Available

      Second-generation medical suite available for lease in Denver.
      329 S Saulsbury St, Denver, CO 80226
      View Details
    • Contact for pricing
      42,854 SF

      Lakewood Office Space Available

      42,854 SF office space for lease in Lakewood, Colorado.
      7301 West Alaska Dr, Lakewood, CO 80226
      View Details
    • Contact for pricing

      Versatile Retail, Office, Medical Space

      Adaptable space for retail, office, or medical tenants.
      457 Wadsworth Blvd, Lakewood, CO 80226
      View Details
    • Contact for pricing

      Lakewood Medical and Office Space

      Medical and office spaces available for lease in Lakewood, Colorado.
      255 South Routt Way, Lakewood, CO 80226
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 Wadsworth Blvd
    Lakewood, CO 80226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    215 Wadsworth Blvd, Lakewood, CO, 80226
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!