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

    195 Un Blvd Lakewood, CO 80228

    • Retail space
    • 17,730 SF
    • 1.49 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Last Sale
    Apr 24, 2023
    $4,050,000
    Value Estimations
    $4,105,000
    Cap Rate Potential
    5.6%
    Retail space
    Location Intelligence
    Property ID
    US13-0114468
    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

    • EdCor - Medical Education & Training / Educational Consultant / Educational Institution
    • Firehouse Subs Union One / Caterer / Sandwich Shop
    • Davinci Meeting Rooms / Meeting Planning Service / Conference Center
    • KSHOK Distribution / Beauty Products Wholesaler
    • Epic Photography / Wedding Photographer

    Property Details for 195 Un Blvd

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    1.49 lot acres
    Property size
    17,730 SF
    Property type
    Retail space
    APN
    49-084-00-017
    APU
    4908400017

    Description

    Union One, located at 195 S Union Blvd, Lakewood, CO 80228, offers a diverse range of office and retail spaces. This two-story, 21,971 square foot building, constructed in 1977 and renovated in 2006, features a single building with elevator access. The property offers flexible floor plans, with spaces ranging from a minimum of 1,696 square feet to a maximum contiguous space of 3,392 square feet. Currently, there is no vacant space. The building's design caters to various business needs, encompassing traditional, executive, and creative office spaces, as well as in-line retail and storefront options. Union One boasts excellent visibility, situated in a high-traffic area with over 42,000 cars passing daily. Ample on-site parking is available, including a covered garage, ensuring convenience for both employees and clients. The building's retail areas feature bright, open layouts with high ceilings and laminate flooring, creating an attractive environment for businesses. Monument and building signage opportunities are also available. This property is ideal for businesses seeking a well-maintained, conveniently located space with strong visibility and ample parking in the thriving Lakewood, Colorado market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,295,000
      ML approach
      $4,105,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,045,000
      6.5%
      $3,735,000
      7%
      $3,465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,383,000
      Market price range: $3.23M - $8.31M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,700,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $5,755,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,740,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,510,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $5,385,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.134
    Latitude
    39.7123
    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
    $80,361
    $226,353
    $664,718
    $891,071
    -
    $811,300
    $2,412,500
    $3,223,800

    Comparable in this City

    • Value Estimation
      $1,725,000
      4,731 SF

      12018 Jewell Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,731 SF
      12018 Jewell Ave, Lakewood, CO 80228-4484
      View Details
    • Value Estimation by Request
      1,856 SF

      1125 Un Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,856 SF
      1125 Un Blvd, Lakewood, CO 80228-3686
      View Details
    • Value Estimation
      $2,750,000
      21,640 SF

      13701 Jewell Ave

      RETAIL STORES (PERSONAL SERVICES) • 21,640 SF
      13701 Jewell Ave, Lakewood, CO 80228-4139
      View Details
    • Value Estimation
      $2,830,000
      18,246 SF

      375 Un Blvd

      RETAIL STORES (PERSONAL SERVICES) • 18,246 SF
      375 Un Blvd, Lakewood, CO 80228-1577
      View Details
    • Value Estimation
      $1,255,000
      7,560 SF

      12190 Alameda Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 7,560 SF
      12190 Alameda Pkwy, Lakewood, CO 80228-2803
      View Details
    • Value Estimation
      $770,000
      6,607 SF

      1044 Un Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,607 SF
      1044 Un Blvd, Lakewood, CO 80228-3312
      View Details

    Similar Nearby for Sale

    • $1,995,000
      9,655 SF

      Lakewood Retail Investment Opportunity

      Prime Lakewood location, vacant, 9,655 SF
      13013 Alameda Pkwy, Lakewood, CO 80228
      View Details
    • $1,750,000
      9,655 SF

      Lakewood Freestanding Building For Sale

      9,655 SF freestanding building in a Safeway shopping center.
      Lakewood, CO 80228
      View Details
    • $1,300,000
      0.33 Acres

      Lakewood Commercial Land Opportunity

      0.33-acre multifamily development site
      1078 Alkire St, Lakewood, CO 80228
      View Details
    • $364,000
      1,536 SF

      Lakewood Home with Fresh Interior

      Home with fresh interior paint and potential buyer concessions.
      630 S Youngfield Ct, Lakewood, CO 80228
      View Details
    • Contact for pricing
      38 SF

      Land for Sale or Lease

      Regional location near C-470, Red Rocks, and new homes.
      C-470 And Morrison Rd, Morrison, CO 80228
      View Details
    • $335,000

      End Unit Condo with Loft

      Two-bedroom condo with loft, stainless appliances, and convenient parking.
      445 Wright St, Lakewood, CO 80228
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      21,971 SF

      Union One Office Space, Lakewood CO

      Lakewood office space, flexible layouts.
      195 Un Blvd, Lakewood, CO 80228
      View Details
    • Contact for pricing
      12,022 SF

      Lakewood Medical Office Space

      Prime Medical Office Suite Available
      180 Un Blvd, Lakewood, CO 80228
      View Details
    • $18 SF/Yr
      35,765 SF

      West Denver Executive Office Space

      Class C office building, 9,638 SF available.
      12567 Cedar Dr, Lakewood, CO 80228
      View Details
    • $10 SF/Yr
      7,500 SF

      Aurora Warehouse with Dock Doors

      7,500 SF warehouse with dock doors in Aurora.
      16506-16596 E 2Nd Dr, Aurora, CO 80228
      View Details
    • $65 SF/Yr
      10,892 SF

      Lakewood Office Space for Lease

      Denver, CO: Flexible office solutions.
      200 Un Blvd, Lakewood, CO 80228
      View Details
    • $17 SF/Yr
      19,223 SF

      Lakewood Office Space for Lease

      Prime Lakewood location, flexible suites available.
      12211 Alameda Pkwy, Lakewood, CO 80228
      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.
    195 Un Blvd
    Lakewood, CO 80228
    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.