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Property profile & analytics
FOR LEASE
Office buildings

1978 S Garrison St Lakewood, CO 80227

13,225 SF 3.37 ac lot Built 1974
Individually Owned 10-yr Hold ~ Est. High Equity
Property ID
US13-1183795
Property summary
AI-generated overview

Woodlake Center presents a unique investment opportunity in a high-traffic retail and office complex. Strategically positioned at the well-lit intersection of West Jewell Avenue and South Garrison Street, between Kipling and Wadsworth Boulevards, this property boasts exceptional visibility and accessibility. The center comprises four single-story buildings totaling 36,088 square feet, offering a diverse range of spaces suitable for various business types. Currently, seven spaces are available, ranging in size from 225 square feet to 2,055 square feet, catering to a variety of needs. The property's tenant mix includes a diverse range of established businesses, creating a vibrant and bustling atmosphere. These include Garramone's Italian Restaurant, Big Sky Burger, a gourmet meat shop, an Allstate office, dog grooming services, a gift shop, and several hair salons, ensuring consistent foot traffic and a strong sense of community. This established center offers immediate occupancy and the chance to become part of a thriving commercial hub. The multiple building configuration provides flexibility for various business models and expansion opportunities. The property's location ensures high visibility and easy access for customers and employees alike. This is an exceptional opportunity to establish or expand your business in a dynamic and well-established commercial center.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Construction STEEL FRAME
Total area 13,225 SF
Lot 3.37 ac (146,748 SF)
APN 49-271-99-001
UPID US13-1183795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.18M
Comparable Approach Comparable
$2.48M
Blend (final) Blend
$2.81M
Owner & transaction history
Brad Peterman · 10 yrs held
Brad Peterman
since 2016
7 recorded transactions
2017
Price N/A
2016
$3.1M
2016
$3.1M
2015
$3.1M
2007
$1.9M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $4.3M +26.8%
Commercial (general) $4.3M +26.5%
Retail stores $4.3M +25.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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