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    Property profile & analytics

    1420 Garrison St Lakewood, CO 80215

    • Investment properties
    • 1,128 SF
    • 0.37 lot acres
    For Sale
    View listing
    $975,000
    Last Sale
    Sep 01, 2020
    $580,000
    Value Estimations
    Cap Rate Potential
    3.3%
    Investment properties
    Location Intelligence
    Property ID
    US13-0278276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Paradise Parking Lot / Parking Garage
    • Gauthier Barbara DC / Chiropractor
    • Fallen Owl Tattoo Studio / Tattoo Shop / Artist

    Property Details for 1420 Garrison St

    Year built
    1945
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Property size
    1,128 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    49-031-03-001
    APU
    4903103001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $480,000
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $601,000
      Market price range: $147k - $696k
      AI Estimate
      $347,000
      Market price range: $111k - $348k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $365,000
      Current use
      AUTO REPAIR, GARAGE
      $450,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $365,000
      Change: +0% Conversion: Difficult
      MEDICAL BUILDING
      $345,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.1
    Latitude
    39.7387
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,076
    $55,601
    $111,571
    $167,172
    -
    $199,288
    $429,894
    $629,182

    Comparable in this City

    • Value Estimation by Request
      1,164 SF

      1457 Holland St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,164 SF
      1457 Holland St, Lakewood, CO 80215-4735
      View Details
    • Value Estimation by Request
      696 SF

      1565 Simms St

      OFFICE/RESIDENTIAL (MIXED USE) • 696 SF
      1565 Simms St, Lakewood, CO 80215-2609
      View Details
    • Value Estimation
      $550,000
      3,851 SF

      8600 14th Ave

      STORE/OFFICE (MIXED USE) • 3,851 SF
      8600 14th Ave, Lakewood, CO 80215-4892
      View Details
    • Value Estimation by Request
      24,486 SF

      10395 Colfax Ave

      Individual retail properties • 24,486 SF
      10395 Colfax Ave, Lakewood, CO 80215
      View Details
    • Value Estimation by Request
      2,864 SF

      11528 Colfax Ave

      Individual retail properties • 2,864 SF
      11528 Colfax Ave, Lakewood, CO 80215
      View Details
    • Value Estimation
      $520,000
      2,250 SF

      721 Miller Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,250 SF
      721 Miller Ct, Lakewood, CO 80215-5703
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Lakewood Office Building For Sale

      Highly visible office building with convenient access and many amenities.
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    Similar Nearby for Lease

    • $28 SF/Yr
      4,342 SF

      Lakewood Retail Space - Colfax Ave

      High-visibility retail space, ample parking.
      11700 Colfax Ave, Lakewood, CO 80215
      View Details
    • $18 SF/Yr
      1,521 SF

      Aurora Retail Space Available

      Retail space available for lease in Aurora, Colorado.
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      View Details
    • $16 SF/Yr
      25,020 SF

      Lakewood Creative Office Complex

      Versatile spaces, prime Lakewood location.
      608-610 Garrison St, Lakewood, CO 80215
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space Near Light Rail

      Retail space in a heavily trafficked corridor near light rail.
      4990 Kipling St, Wheat Ridge, CO 80215
      View Details
    • $16 SF/Yr
      23,673 SF

      Jefferson County Office Space

      Prime Office Suites, Jefferson County
      1350 Independence St, Lakewood, CO 80215
      View Details
    • $17 SF/Yr
      1,250 SF

      Small Flex Unit For Rent

      Flex unit with open front and storage in back.
      12550-12550 W Colfax Ave, Denver, CO 80215
      View Details
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    1420 Garrison St
    Lakewood, CO 80215
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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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