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    1692 Wadsworth Blvd Lakewood, CO 80214-5233
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    Property profile & analytics

    1692 Wadsworth Blvd, Lakewood, CO 80214-5233

    View on Map
    • Strip malls
    • 12,340 SF
    • 1.43 lot acres
    Off-Market
    Property ID
    US13-0412941
    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
    $1,595,000
    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 1692 Wadsworth Blvd

    Year built
    2006
    Lot size
    1.43 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    39-354-12-020
    APU
    3935412020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2021 — Brown And Associates Ltd — Deed · related $7.8M · Western Cu
    Oct 28, 2016 — Samuel H Brown Joy Ridge Holdings LLC Grant Deed · related —
    Mar 24, 2016 $13,000,000 Brown Samuel H Cpp Creekside At Colfax LLC Grant Deed $8.8M · Colorado Busn Bk
    Apr 26, 2005 $5,725,000 Creekside Colfax Dev LLC Wal-mart Stores INC Trustees Deed $12.9M · Huntington National Bank
    Apr 26, 2005 — Wal-mart Stores INC Creekside Colfax Dev LLC Grant Deed · related —

    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
    -105.081
    Latitude
    39.7435
    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
    $47,708
    $252,894
    $276,108
    $529,002
    -
    $906,431
    $1,019,634
    $1,926,065

    Comparable in this City

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      $4,245,000
      30,150 SF

      1931 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER
      1931 Sheridan Blvd, Edgewater, CO 80214-1316
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    • Value Estimation
      $9,100,000
      79,510 SF

      1725 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER
      1725 Sheridan Blvd, Edgewater, CO 80214-1323
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    • Value Estimation
      $3,730,000
      20,352 SF

      708 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER
      708 Sheridan Blvd, Denver, CO 80214-3002
      View Details
    • Value Estimation
      $1,415,000
      8,284 SF

      7355 Colfax Ave

      SHOPPING CENTER, STRIP CENTER
      7355 Colfax Ave, Lakewood, CO 80214-5407
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    • Value Estimation
      $1,965,000
      16,965 SF

      6579 Colfax Ave

      SHOPPING CENTER, STRIP CENTER
      6579 Colfax Ave, Lakewood, CO 80214-1803
      View Details
    • Value Estimation
      $1,715,000
      14,800 SF

      6553 Colfax Ave

      SHOPPING CENTER, STRIP CENTER
      6553 Colfax Ave, Denver, CO 80214
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Lot for Development

      Corner lot suitable for retail pads or multi-family development.
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      16,320 SF

      Colfax Freestanding Showroom/Office/Distribution Building

      Three-level, 16,300 SF building on 0.60 acres in Lakewood, Colorado.
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      3,030 SF

      Lakewood Retail Opportunity on Wadsworth

      High-visibility retail property with flexible layout and dedicated parking.
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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
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      4,740 SF

      Auto Lot on Colfax Avenue

      Remodeled auto lot with high visibility and traffic counts.
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    • $3,490,000
      16,320 SF

      Lakewood Storefront - $3.49M

      High-visibility retail space, 16,320 SF.
      8101 Colfax Ave, Lakewood, CO 80214
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    Similar Nearby for Lease

    • Contact for pricing
      2,450 SF

      Retail Space in Lakewood Center

      Retail space available in busy Walmart shadow-anchored center.
      7475 W Colfax Ave, Lakewood, CO 80214
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      1,443 SF

      Retail Space in Edgewater

      Retail space with food hall, brewery, and artisan retailers.
      5505 W 20Th Ave, Edgewater, CO 80214
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      5,570 SF

      Restaurant and Retail Space Available

      Second generation restaurant and retail spaces available for lease.
      6601 W Colfax Ave, Lakewood, CO 80214
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      7,054 SF

      Restaurant and Retail Space Available

      Second generation restaurant and retail spaces available for lease.
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      Lamar Station Plaza Retail Space

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    • Contact for pricing
      20,886 SF

      Lamar Station Plaza Retail Space

      Restaurant and retail spaces available in busy shopping center.
      6575 W Colfax Ave, Lakewood, CO 80214
      View Details
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    Lakewood, CO 80214-5233
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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.

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