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    11528 Colfax Ave Lakewood, CO 80215

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    11528 Colfax Ave Lakewood, CO 80215

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    • Retail space
    • 2,864 SF
    Off-Market
    Property ID
    US13-1023155
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 11528 Colfax Ave

    Property size
    2,864 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional mixed-use property, located at 11528 W Colfax Ave in Lakewood, Colorado, presents a compelling investment opportunity. The 2,864 square foot building boasts a prime location on a hard corner, offering significant visibility and accessibility. The property is classified as both an apartment building and a storefront, providing versatile income streams. The asking price is $675,000, translating to a price per square foot of $235.68. Situated on a substantial 12,308 square foot lot, the property offers ample space and potential for future development or expansion. The property's mixed-use nature allows for a diverse range of tenants and income generation strategies. Its location in Lakewood, Jefferson County, Colorado (zip code 80215), places it within a thriving community with strong demographics. This property is particularly attractive due to its potential for sale individually or in conjunction with two adjacent properties, presenting a unique opportunity for portfolio expansion. The property's size and location make it an ideal investment for both seasoned investors and those seeking to diversify their holdings. Detailed financial information and property specifics are available upon request. Don't miss this chance to acquire a valuable asset in a high-growth area.

    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
    -105.1277587
    Latitude
    39.7398473

    Comparable in this City

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      Aurora Retail Building on Colfax

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      Mixed-Use Development Opportunity

      Retail property suitable for mixed-use development in a high-growth area.
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      Aurora Retail Property For Sale

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      Lakewood Apartment Conversion Opportunity

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    Similar Nearby for Sale

    • $2,500,000
      24,486 SF

      Lakewood Mixed-Use Redevelopment

      Prime Lakewood location, vacant, high visibility.
      10395 Colfax Ave, Lakewood, CO 80215
      View Details
    • $1,100,000
      5,085 SF

      Mixed-Use Building Near I-70

      5000 SF building on 20,375 SF lot with flexible zoning.
      1980 Youngfield St, Lakewood, CO 80215
      View Details
    • $725,000
      3,624 SF

      Aurora Retail Building on Colfax

      3,624 SF retail building in Aurora, Colorado.
      9726-9728 E Colfax Ave, Aurora, CO 80215
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    • Contact for pricing
      10,790 SF

      Mixed-Use Development Opportunity

      Retail property suitable for mixed-use development in a high-growth area.
      9797 W Colfax Ave, Lakewood, CO 80215
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    • $1,950,000
      10,605 SF

      Aurora Retail Property For Sale

      Retail property in Aurora with high traffic and ample parking.
      9131 E Colfax Ave, Aurora, CO 80215
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    • $3,050,000

      Lakewood Apartment Building with 16 Units

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      9885 W 21St Ave, Lakewood, CO 80215
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    Similar Nearby for Lease

    • Contact for pricing

      Versatile Commercial Space for Lease

      Centrally located property ideal for retail, office, and flex users.
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      1,250 SF

      Retail Space Near Light Rail

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      Aurora Retail Space Available

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      Retail Space Near Light Rail

      Retail space in high-traffic area near Arvada Ridge.
      4980 Kipling St, Wheat Ridge, CO 80215
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      48,375 SF

      Retail Anchor Space on Colfax

      48,375 SF retail space available for lease.
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      1,127 SF

      Retail Space on Kipling Street

      Retail space with high visibility and ample parking available for rent.
      4550 S Kipling St, Denver, CO 80215
      View Details
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    11528 Colfax Ave
    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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