1978 S Garrison St, Lakewood, CO 80227
- Office buildings
- 13,225 SF
- 3.37 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1978 S Garrison St
- Year built
- 1974
- Construction
- STEEL FRAME
- Lot size
- 3.37 lot acres
- Property type
- Office buildings
- APN
- 49-271-99-001
- APU
- 4927199001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 3, 2017 | — | Brad Peterman | — | Deed · related | $2M · Firstbank |
| Jun 6, 2016 | $3,055,000 | Brad Peterman | Highland Properties 5615 LLC | Grant Deed | — |
| Apr 28, 2016 | $3,055,000 | Brad Peterman | Highland Properties 5615 LLC | Grant Deed | — |
| Dec 22, 2015 | $3,055,100 | Highland Properties 5615 LLC | Pecos 88 LLC | Grant Deed | $2.1M · Firstbank |
| Jun 12, 2007 | $1,850,000 | Pecos 88 LLC | Kottler Donald Family Trust | Grant Deed | $1M · Sun Life Assurance Co |
| — | — | Brad Peterman | — | Deed Of Trust · related | $2M · Firstbank |
| — | — | Donald Kottler | — | Deed Of Trust · related | $891k · Citywide Banks |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,445,000
- 6.5%
- $3,180,000
- 7%
- $2,955,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,477,000
Market price range: $587k - $2.48M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,385,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $4,290,000 Change: +27% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,280,000 Change: +26% Conversion: Easy
- RETAIL STORES
- $4,255,000 Change: +26% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $4,110,000 Change: +21% Conversion: Easy
- MEDICAL BUILDING
- $4,015,000 Change: +19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.099
- Latitude
- 39.6814
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
