10800 Alameda Ave Lakewood, CO 80226
- Retail space
- 6,880 SF
- 0.67 lot acres
Current Use by Public Records
- Elysium Café & Games / Trading Card Store / Coffee Shop
- Herbal Fracture CBD / Herbal Medicine Store
- Caboose / Model Train Store / Toy Store
Property Details for 10800 Alameda Ave
- Year built
- 1966
- Construction
- STEEL FRAME
- Lot size
- 0.67 lot acres
- Property size
- 6,880 SF
- Property type
- Retail space
- APN
- 49-162-01-001
- APU
- 4916201001
Description
This exceptional 6,880 square foot standalone retail building in Lakewood, Colorado, presents a lucrative investment opportunity. Located at 10800 W Alameda Avenue on a sizable 0.67-acre lot, the property boasts excellent street visibility and ample parking, catering to the needs of its tenants and customers. Currently fully leased at $16 per square foot, triple net (NNN), the building is divided into two distinct units. One unit is a gaming retail space complete with a commercial kitchen, while the other is a CBD warehouse. Both units are currently occupied by separate tenants, ensuring a stable income stream. The property has undergone recent and extensive renovations, encompassing a complete overhaul of essential systems. Improvements include a new water heater, updated sewer and water lines, a new air conditioning system, upgraded electrical wiring, enhanced insulation, modern lighting fixtures, and renovated restrooms. The sale also includes a shipping container situated on the property, adding further value. The flexible zoning allows for a variety of potential uses, making this a versatile and highly desirable investment. Situated in a thriving mixed-use neighborhood, this property offers a strong combination of location, income, and potential for future growth. The substantial recent improvements minimize future capital expenditure needs, maximizing the return on investment. This is a rare opportunity to acquire a fully leased, updated retail property in a prime Lakewood location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $810,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $995,000
- 6.5%
- $965,000
- 7%
- $1,010,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $955,000
- Geo Method
- $875,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,045,000
- Retail
- $960,000
- Mixed-Use
- $920,000
- Hospitality
- $830,000
- Educational
- $1,150,000
- Residential Income
- $870,000
- Energy
- $940,000
- Income-Based Land
- $965,000
- Food Service
- $845,000
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.119
- Latitude
- 39.7104
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
