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    Property profile & analytics

    1985 Sheridan Blvd Edgewater, CO 80214-1325

    • Outlet malls
    • 127,789 SF
    • 10.20 lot acres
    OFF-MARKET
    Value Estimations
    $11,990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0283794
    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

    • 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 1985 Sheridan Blvd

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    10.20 lot acres
    Property size
    127,789 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    39-364-01-109
    APU
    3936401109

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,095,000
      Market price range: $15.1M - $52.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.056
    Latitude
    39.7464
    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
    $228,695
    $1,549,081
    $1,131,634
    $2,680,715
    -
    $5,552,263
    $4,086,037
    $9,638,300

    Comparable in this City

    • Value Estimation
      $1,985,000
      42,067 SF

      6575 Colfax Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 42,067 SF
      6575 Colfax Ave, Lakewood, CO 80214-1803
      View Details
    • Value Estimation
      $20,095,000
      216,765 SF

      7455 Colfax Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 216,765 SF
      7455 Colfax Ave, Lakewood, CO 80214-5400
      View Details
    • Value Estimation
      $9,045,000
      96,497 SF

      7200 Colfax Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 96,497 SF
      7200 Colfax Ave, Lakewood, CO 80214-5413
      View Details
    • Value Estimation
      $1,320,000
      11,316 SF

      6451 Colfax Ave

      SHOPPING CENTER, STRIP CENTER • 11,316 SF
      6451 Colfax Ave, Lakewood, CO 80214-1801
      View Details
    • Value Estimation
      $1,605,000
      9,624 SF

      1711 Sheridan Blvd

      SHOPPING CENTER, STRIP CENTER • 9,624 SF
      1711 Sheridan Blvd, Edgewater, CO 80214-1301
      View Details
    • Value Estimation
      $1,595,000
      12,340 SF

      1692 Wadsworth Blvd

      SHOPPING CENTER, STRIP CENTER • 12,340 SF
      1692 Wadsworth Blvd, Lakewood, CO 80214-5233
      View Details

    Similar Nearby for Sale

    • $4,500,000

      Prime Corner Lot for Development

      Corner lot suitable for retail pads or multi-family development.
      829 Wadsworth Blvd, Lakewood, CO 80214
      View Details
    • Contact for pricing
      16,320 SF

      Colfax Freestanding Showroom/Office/Distribution Building

      Three-level, 16,300 SF building on 0.60 acres in Lakewood, Colorado.
      8101 W Colfax Ave, Lakewood, CO 80214
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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
      View Details
    • $4,500,000
      31,955 SF

      Lakewood Commercial Property for Sale

      31,955 SF M-G-U zoned property on 84,000 SF land.
      7801 W Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      1,587 SF

      Lakewood Freestanding Building For Sale

      1,587 SF freestanding building suitable for medical, office, or retail.
      7700 W 14Th Ave, Lakewood, CO 80214
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    • $5,950,000
      11,746 SF

      major highways

      and shopping (including Starbucks - 1 block - and Belmar Shopping District)! Traffic count = over 60
      829 Wadsworth Blvd, Lakewood, CO 80214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      880 SF

      Retail Space Near King Soopers

      Retail spaces with high visibility near Hampden Ave and Sheridan Blvd.
      3100 Sheridan Blvd, Denver, CO 80214
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Wheat Ridge

      Retail space available in shopping center anchored by Safeway.
      3830-3900 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • Contact for pricing
      1,315 SF

      Retail Space Anchored by Safeway

      Retail space in Wheat Ridge, anchored by Safeway.
      3910-3928 Wadsworth Blvd, Wheat Ridge, CO 80214
      View Details
    • $16,000 /Mo

      Colfax Avenue Versatile Commercial Space

      Adaptable space suitable for retail, showroom, or service-based business.
      7801 W Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      5,844 SF

      Large Lot with Service Building

      Spacious lot with service building in West Colfax area.
      5900 W Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing

      Lakewood Retail Spaces For Lease

      High-visibility retail spaces suitable for various businesses.
      7310 W Colfax Ave, Lakewood, CO 80214
      View Details

    Property Visit Statistics

    • Visits by month
      146.1k
    • Visitors by month
      91.8k
    • Avg Time on site
      30 min
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    Edgewater, CO 80214-1325
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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.

    More about this property
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