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    1545 Sheridan Blvd Lakewood, CO 80214
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    Property profile & analytics

    1545 Sheridan Blvd Lakewood, CO 80214

    View on Map
    • Commercial real estate
    • 0.31 lot acres
    Off-Market
    Property ID
    US13-2668122
    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 1545 Sheridan Blvd

    Lot size
    0.31 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.31-acre land parcel, located at 1545 & 1555 Sheridan Boulevard in Lakewood, Colorado (zip code 80214), presents a unique investment opportunity. Zoned M-G-U/R-MF, this property offers significant potential for diverse development projects. Its prime location boasts exceptional proximity to key amenities and transportation options. Less than half a mile from the Sheridan Light Rail station and adjacent to Sloan's Lake Park, this site benefits from convenient access to public transit and recreational areas. The surrounding neighborhood, Edgewood, is characterized by its high-density residential development, with strong demographics supporting high demand. Within a three-mile radius, the average family income exceeds $108,000, and average townhome rents within one mile surpass $3,100. The property's proximity to the Edgewater Marketplace shopping area further enhances its appeal. This location offers a blend of urban convenience and outdoor recreation, with easy access to biking, running, kayaking, and more. The vibrant artistic community and high quality of life make this an attractive area for a wide range of residents. This property is ideal for developers seeking a high-potential site in a thriving Colorado community. The Jefferson County location provides access to excellent schools and a strong sense of community. This is a rare opportunity to acquire a strategically located land parcel with significant upside potential.

    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
    -105.0535311
    Latitude
    39.7412263

    Comparable in this City

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      1,994 SF

      Lakewood Home on Three Lots

      Single-family home on three lots, redevelopment opportunity near Sloan Lake.
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    • $400,000

      Lakewood Multifamily Development Opportunity

      1.78-acre R-MF zoned parcel with multi-family development potential.
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      Lakewood Multi-Family Investment

      Five-unit property, prime location. High rental income potential.
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      Lakewood Four Unit Property

      Four-unit multifamily property located in Lakewood, Colorado.
      1685 Teller St, Lakewood, CO 80214
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      Lakewood Multifamily Property for Sale

      Multifamily property in Lakewood, Colorado, with 20,592 square feet.
      915 Carr St, Lakewood, CO 80214
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    • $1,325,000

      Wheat Ridge Mixed-Use Property

      Mixed-use property with retail and residential units in Wheat Ridge.
      5500 W 29 Ave, Wheat Ridge, CO 80214
      View Details

    Similar Nearby for Sale

    • $750,000
      1,994 SF

      Lakewood Home on Three Lots

      Single-family home on three lots, redevelopment opportunity near Sloan Lake.
      1571 Sheridan Blvd, Denver, CO 80214
      View Details
    • $400,000

      Lakewood Multifamily Development Opportunity

      1.78-acre R-MF zoned parcel with multi-family development potential.
      5701 W 10Th Ave, Lakewood, CO 80214
      View Details
    • $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
    • $1,325,000

      Wheat Ridge Mixed-Use Property

      Mixed-use property with retail and residential units in Wheat Ridge.
      5500 W 29 Ave, Wheat Ridge, CO 80214
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for rent in Wheat Ridge, Colorado.
      3545 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • Contact for pricing
      5,007 SF

      Industrial Space For Lease

      5,007 SF multi-tenant industrial space in West Denver.
      5609 West 6Th St North, Lakewood, CO 80214
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    • $16,000 /Mo

      Colfax Avenue Versatile Commercial Space

      Adaptable space suitable for retail, showroom, or service-based business.
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    • $19 SF/Yr
      37,500 SF

      Lakewood Executive Office Suites

      Modern Lakewood office space, flexible layouts.
      940 Wadsworth Blvd, Lakewood, CO 80214
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      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
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    • 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
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    Lakewood, CO 80214
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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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    1545 Sheridan Blvd, Lakewood, CO, 80214
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