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    Kipling Pkwy Lakewood, CO 80227

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    Kipling Pkwy Lakewood, CO 80227

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    • Retail properties & Spaces
    • 82,581 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Kipling Pkwy

    Property size
    82,581 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Heritage West Shopping Center, located at the southwest corner of W. Jewel Ave. and S. Kipling Pkwy in Lakewood, Colorado (zip code 80227), presents a prime retail and restaurant opportunity. This dominant shopping center offers two available suites within a larger 82,581 square foot building, situated in the desirable Bear Creek neighborhood. The suites are individually sized, with a minimum divisible space of 1,596 square feet and a maximum contiguous space of 1,819 square feet. A total of 3,415 square feet is currently vacant, providing flexibility for various business needs. The property boasts a total of 345 parking spaces for ample customer convenience. The center's location at the high-traffic intersection of Kipling and Jewel Roads ensures excellent visibility and accessibility. Jefferson County demographics support strong potential for retail success in this established commercial center. This is an exceptional opportunity to establish or expand a business in a thriving Lakewood community. The property is classified as Commercial, with a Multiple Tenancy structure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.122
    Latitude
    39.6814

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      Lakewood Co Bbq Restaurant. 6 Figure Earnings

      Restaurants • 1,100 SF
      0 Lakewood Co Bbq Restaurant. 6 Figure Earnings, Lakewood, CO 80227
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    • Value Estimation
      $9,160,000
      60,660 SF

      1955 Sheridan Blvd

      DEPARTMENT STORE • 60,660 SF
      1955 Sheridan Blvd, Denver, CO 80227-3715
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    • Value Estimation
      $5,215,000
      47,872 SF

      5515 Warren Ave

      DEPARTMENT STORE • 47,872 SF
      5515 Warren Ave, Denver, CO 80227-3742
      View Details
    • Value Estimation
      $4,565,000
      29,366 SF

      2085 Sheridan Blvd

      DEPARTMENT STORE • 29,366 SF
      2085 Sheridan Blvd, Denver, CO 80227-3717
      View Details
    • Value Estimation
      $2,600,000
      3,878 SF

      1998 Kipling Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,878 SF
      1998 Kipling Pkwy, Lakewood, CO 80227-2079
      View Details
    • Value Estimation
      $975,000
      3,226 SF

      2035 Sheridan Blvd

      RESTAURANT • 3,226 SF
      2035 Sheridan Blvd, Denver, CO 80227-3717
      View Details

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      Well-Maintained Multifamily Property

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    Similar Nearby for Lease

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      Retail Space For Lease

      Retail space available for lease in Denver, Colorado.
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      Retail and Office Space Available

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      Well-Maintained Office Space Available

      Office space for lease with ample parking and easy access.
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    • $17 SF/Yr
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      Well-Maintained Office Complex for Lease

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    • $19 SF/Yr
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      Office Space Available For Rent

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    Kipling Pkwy
    Lakewood, CO 80227
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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.

    More about this property
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