Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1398 Simms St Lakewood, CO 80401-4440

    • Warehouses
    • 12,430 SF
    • 2.43 lot acres
    OFF-MARKET
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0653760
    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

    • Warehouses

    Property Details for 1398 Simms St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    2.43 lot acres
    Property size
    12,430 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    49-042-00-010
    APU
    4904200010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,920,000
      6.5%
      $1,775,000
      7%
      $1,645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $973,000
      Market price range: $281k - $1.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,995,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.127
    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
    $108,458
    $366,330
    $833,243
    $1,199,573
    -
    $1,321,500
    $3,155,575
    $4,477,075

    Comparable in this City

    • Value Estimation
      $650,000
      5,000 SF

      850 Simms St

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      850 Simms St, Golden, CO 80401-4434
      View Details
    • Value Estimation by Request
      3,000 SF

      17270 Colfax Ave

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      17270 Colfax Ave, Golden, CO 80401-4807
      View Details
    • Value Estimation by Request
      3,246 SF

      17550 Golden Rd

      MINI-WAREHOUSE, STORAGE • 3,246 SF
      17550 Golden Rd, Golden, CO 80401
      View Details
    • Value Estimation
      $680,000
      4,800 SF

      18180 Colfax Ave

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      18180 Colfax Ave, Golden, CO 80401-4836
      View Details
    • Value Estimation
      $925,000
      7,215 SF

      16845 Mt Vernon Rd

      MINI-WAREHOUSE, STORAGE • 7,215 SF
      16845 Mt Vernon Rd, Golden, CO 80401-3821
      View Details
    • Value Estimation by Request
      4,000 SF

      11700 8th Ave

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      11700 8th Ave, Lakewood, CO 80401-4708
      View Details

    Similar Nearby for Sale

    • $2,850,000
      12,710 SF

      Lakewood Industrial Warehouse

      12,710 SF Warehouse, $2.85M
      1370 Simms St, Lakewood, CO 80401
      View Details
    • $5,600,000
      24,810 SF

      Golden Industrial Property: Prime Location

      24,810 SF Warehouse, Vacant, $5.6M
      15611 6 Ave, Golden, CO 80401
      View Details
    • $4,700,000

      High-Exposure Industrial Building For Sale

      Industrial building with high visibility, loading docks, and fenced yard.
      655 Mcintyre St, Golden, CO 80401
      View Details
    • $2,200,000
      83,190 SF

      Wheat Ridge Industrial Lot

      Industrial lot with building, office, and remodeled home.
      5000 Tabor St, Wheat Ridge, CO 80401
      View Details
    • $5,500,000
      5,190 SF

      Iconic Golden Landmark with Brewery

      Historic property in Golden's 12th Street Historic District with brewery.
      920 12Th Pl, Golden, CO 80401
      View Details
    • $5,300,000
      24,810 SF

      Golden Industrial Building - 24,810 SF

      High-clearance warehouse, excellent highway visibility. Lease or buy.
      655 Mcintyre St, Golden, CO 80401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      619,400 SF

      Corporate Center Golden, CO

      Versatile Golden, CO commercial space
      6th Colfax Ave, Golden, CO 80401
      View Details
    • $12 SF/Yr
      12,096 SF

      Flex Industrial Building For Rent

      Flex/industrial building with warehouse and office/showroom space available for rent.
      4894 Van Gordon St, Wheat Ridge, CO 80401
      View Details
    • $4,700,000
      24,810 SF

      Golden Warehouse with Fenced Yard

      High-visibility warehouse with loading docks and fenced yard for lease.
      655 Mcintyre St, Golden, CO 80401
      View Details
    • Contact for pricing
      12,710 SF

      Lakewood Industrial Warehouse - 12,710 SF

      12,710 SF Warehouse, 9 Docks, Immediate Occupancy
      1370 Simms St, Lakewood, CO 80401
      View Details
    • Contact for pricing
      9,888 SF

      Golden, CO Creative Office Sublease

      9,888 SF Creative Office Space Available
      221 Corporate Cir, Golden, CO 80401
      View Details
    • Contact for pricing
      145,470 SF

      Sixth Avenue Place: Flex Space Available

      Jefferson County flex space; multiple suites available.
      17301 Colfax Ave, Golden, CO 80401
      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.
    1398 Simms St
    Lakewood, CO 80401-4440
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.