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    Property profile & analytics

    1515 Iris St Lakewood, CO 80215-2922

    • Automotive properties
    • 2,905 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Last Sale
    May 31, 2023
    $570,000
    Location Intelligence
    Property ID
    US13-0780127
    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

    • The Auto Shop LLC / Auto Repair Shop / Auto Electrical Service
    • Dr. Drive's Auto Clinic / Auto Repair Shop / Mechanic
    • A S Collectibles & Interiors / Art Gallery

    Property Details for 1515 Iris St

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.24 lot acres
    Property size
    2,905 SF
    Property type
    Automotive properties
    APN
    39-343-08-019
    APU
    3934308019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $605,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $585,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $665,000
      Geo Method
      $570,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $765,000
      Retail
      $555,000
      Mixed-Use
      $625,000
      Hospitality
      $625,000
      Educational
      $620,000
      Residential Income
      $580,000
      Energy
      $630,000
      Income-Based Land
      $555,000
      Food Service
      $695,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.107
    Latitude
    39.7408
    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
    $13,448
    $53,809
    $95,301
    $149,110
    -
    $192,863
    $371,579
    $564,442

    Comparable in this City

    • Value Estimation
      $4,630,000
      8,022 SF

      10345 Colfax Ave

      VEHICLE SALES, RENTALS • 8,022 SF
      10345 Colfax Ave, Lakewood, CO 80215-3913
      View Details
    • Value Estimation
      $650,000
      1,462 SF

      1990 Kipling St

      VEHICLE SALES, RENTALS • 1,462 SF
      1990 Kipling St, Lakewood, CO 80215-2823
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    • Value Estimation
      $660,000
      24,303 SF

      9151 Colfax Ave

      VEHICLE SALES, RENTALS • 24,303 SF
      9151 Colfax Ave, Lakewood, CO 80215-4043
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    • Value Estimation
      $380,000
      3,569 SF

      11411 Colfax Ave

      VEHICLE SALES, RENTALS • 3,569 SF
      11411 Colfax Ave, Lakewood, CO 80215-3705
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    • Value Estimation
      $305,000
      2,689 SF

      8811 Colfax Ave

      VEHICLE SALES, RENTALS • 2,689 SF
      8811 Colfax Ave, Lakewood, CO 80215-4018
      View Details
    • Value Estimation
      $465,000
      7,922 SF

      9690 Colfax Ave

      VEHICLE SALES, RENTALS • 7,922 SF
      9690 Colfax Ave, Lakewood, CO 80215-3923
      View Details

    Similar Nearby for Sale

    • $1,700,000
      2,890 SF

      Lakewood Auto Shop - $1.7M

      Prime West Colfax Ave location, 2890 sq ft.
      9901 Colfax Ave, Lakewood, CO 80215
      View Details
    • $999,500
      2,210 SF

      Lakewood Automotive Shop Investment Opportunity

      1,054 SF automotive shop with redevelopment potential on West Colfax.
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    • $995,000
      2,210 SF

      Lakewood Auto Shop - $995K

      West Colfax Ave. auto shop, great location, high potential.
      8810 Colfax Ave, Lakewood, CO 80215
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    • $1,400,000

      Carwash and Income Property For Sale

      Carwash and income-producing building on 0.8 acres for sale.
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    • $2,500,000
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      Lakewood Mixed-Use Redevelopment

      Prime Lakewood location, vacant, high visibility.
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      High-traffic Colfax Ave retail unit. Great for owner-users or investors.
      8490 Colfax Ave, Lakewood, CO 80215
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    Similar Nearby for Lease

    • Contact for pricing

      Auto Shop on West Colfax

      Auto shop with carport in mixed-use area for rent.
      8811 W Colfax Ave, Lakewood, CO 80215
      View Details
    • $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
    • $10 SF/Yr
      22,226 SF

      Colfax & Kipling Retail Center

      High-traffic retail space available. Multiple units, flexible sizes.
      9797 Colfax Ave, Lakewood, CO 80215
      View Details
    • Contact for pricing
      3,745 SF

      Lakewood Executive Office Suites

      Colfax Ave prime retail/office space.
      8790 Colfax Ave, Lakewood, CO 80215
      View Details
    • $15 SF/Yr
      5,171 SF

      Meadowlark Hills Center Retail Space

      Prime Retail Center, 2 Suites Available
      9050 6Th St, Lakewood, CO 80215
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      916
    • Avg Time on site
      46 min
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    1515 Iris St
    Lakewood, CO 80215-2922
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    Realmo Value Estimation

    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.

    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.

    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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