Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1357 Chase St Lakewood, CO 80214

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1357 Chase St Lakewood, CO 80214

    View on Map
    • Residential income homes
    • 0.18 lot acres
    Off-Market
    Property ID
    US13-0551405
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1357 Chase St

    Year built
    1940
    Lot size
    0.18 lot acres
    Property type
    Residential income homes
    APN
    057888 ; 49-011-09-011

    Description

    This exceptional Lakewood investment opportunity presents two completely renovated single-family homes situated on an oversized 0.182-acre lot. The main house at 1357 Chase Street boasts 2 bedrooms, 1 bathroom, original hardwood floors, a brand-new kitchen with quartz countertops and stainless-steel appliances, a large basement with laundry and bonus room, and a fully fenced backyard with a shed. A new roof and hot water heater have recently been installed. The detached accessory dwelling unit (ADU) at 1357 1/2 boasts its own private entrance, fenced yard, and parking. This updated ADU features a great floor plan with ample natural light, a new kitchen with updated counters and appliances, new carpet and vinyl flooring, a large bedroom with a loft, a spacious den with vaulted ceilings, and a washer/dryer closet. Both properties offer significant rental income potential, whether through long-term leases, short-term rentals (subject to Lakewood regulations), or a combination of both. The property's prime location, just blocks from the light rail station and with easy access to I-70, I-25, downtown Denver, the mountains, and Sloan's Lake, ensures high demand and strong rental rates. Built in 1940, this property offers a rare chance to own two homes on one lot, providing exceptional flexibility and investment potential. The property includes two separate APNs: 057888 and 49-011-09-011. The asking price is $860,000.

    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
    -105.0570149
    Latitude
    39.7380621

    Comparable in this City

    • $1,300,000
      4,806 SF

      Lakewood Multi-Family Investment

      Five-unit property, prime location. High rental income potential.
      1628 Eaton St, Lakewood, CO 80214
      View Details
    • $730,000

      Lakewood Four Unit Property

      Four-unit multifamily property located in Lakewood, Colorado.
      1685 Teller St, Lakewood, CO 80214
      View Details
    • Contact for pricing

      Lakewood Multifamily Property for Sale

      Multifamily property in Lakewood, Colorado, with 20,592 square feet.
      915 Carr St, Lakewood, CO 80214
      View Details
    • Contact for pricing
      7,500 SF

      Wheat Ridge Multifamily Investment Opportunity

      12-unit apartment building near Sloan’s Lake and major transportation routes.
      5995 W 29 Ave, Wheat Ridge, CO 80214
      View Details
    • $2,600,000

      Edgewater Apartment Building Sold

      Eight-unit apartment building in Edgewater neighborhood.
      2015-2045 Depew St, Edgewater, CO 80214
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4,806 SF

      Lakewood Multi-Family Investment

      Five-unit property, prime location. High rental income potential.
      1628 Eaton St, Lakewood, CO 80214
      View Details
    • $730,000

      Lakewood Four Unit Property

      Four-unit multifamily property located in Lakewood, Colorado.
      1685 Teller St, Lakewood, CO 80214
      View Details
    • Contact for pricing

      Lakewood Multifamily Property for Sale

      Multifamily property in Lakewood, Colorado, with 20,592 square feet.
      915 Carr St, Lakewood, CO 80214
      View Details
    • Contact for pricing
      7,500 SF

      Wheat Ridge Multifamily Investment Opportunity

      12-unit apartment building near Sloan’s Lake and major transportation routes.
      5995 W 29 Ave, Wheat Ridge, CO 80214
      View Details
    • $2,600,000

      Edgewater Apartment Building Sold

      Eight-unit apartment building in Edgewater neighborhood.
      2015-2045 Depew St, Edgewater, CO 80214
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      37,500 SF

      Lakewood Executive Office Suites

      Modern Lakewood office space, flexible layouts.
      940 Wadsworth Blvd, Lakewood, CO 80214
      View Details
    • Contact for pricing

      Adaptable Industrial/Office Complex For Rent

      Well-maintained industrial/office complex in Metro Denver, suitable for various businesses.
      5801 W 6Th Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Wheat Ridge

      Retail space available in shopping center anchored by Safeway.
      3830-3900 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • Contact for pricing
      5,844 SF

      Large Lot with Service Building

      Spacious lot with service building in West Colfax area.
      5900 W Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing

      Lakewood Retail Spaces For Lease

      High-visibility retail spaces suitable for various businesses.
      7310 W Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for rent with ample parking.
      1750 Pierce St, Lakewood, CO 80214
      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.
    1357 Chase St
    Lakewood, CO 80214
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!