16630 Colfax Ave Golden, CO 80401-3800
- Outlet malls
- 20,593 SF
- 1.60 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 16630 Colfax Ave
- Year built
- 2007
- Lot size
- 1.60 lot acres
- Property size
- 20,593 SF
- Property type
- Outlet malls
- APN
- 40-111-02-047
- APU
- 4011102047
Description
This exceptional investment opportunity presents a 20,415-square-foot Duluth Trading Co. storefront in Golden, Colorado. Boasting a 6.50% cap rate and a strong net operating income of $381,813, this single-tenant, net-lease property offers a secure investment with a remaining lease term of 4.2 years (expiring January 31, 2029). The property, built in 2007 and renovated in 2018, sits on a 69,415-square-foot lot with 92 parking spaces and benefits from high visibility along major thoroughfares, including Colfax Avenue, I-70, and 6th Avenue. Located within the Interplaza West shopping center alongside established retailers like Home Depot, CarMax, and Kohls, this property enjoys a prime location in a thriving retail area. The HVAC system was replaced in 2018. The property is zoned PUD. An adjacent 95,288-square-foot lot may also be acquired. This offering presents a rare chance to acquire a well-performing, established retail property with a below-market lease rate and significantly lower taxes than comparable properties in the Denver West area. The lease includes two five-year options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $575,000
- 7%
- $520,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $485,000
- Geo Method
- $555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $630,000
- Mixed-Use
- $490,000
- Hospitality
- $590,000
- Educational
- $560,000
- Residential Income
- $505,000
- Energy
- $510,000
- Income-Based Land
- $495,000
- Food Service
- $625,000
Location Insight
- Map
- Local Demand
- City
- Golden
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.186
- Latitude
- 39.7247
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA