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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1987 Wadsworth Blvd Lakewood, CO 80214-5201

    • Office buildings
    • 6,572 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Feb 27, 2020
    $975,000
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0573118
    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

    • Office buildings

    Property Details for 1987 Wadsworth Blvd

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    0.58 lot acres
    Property size
    6,572 SF
    Property type
    Office buildings
    APN
    39-353-01-001
    APU
    3935301001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $805,000
      ML approach
      $910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $577,000
      Market price range: $578k - $1.21M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $930,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.082
    Latitude
    39.7472
    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
    $22,177
    $164,221
    $81,690
    $245,911
    -
    $588,605
    $322,795
    $911,400

    Comparable in this City

    • Value Estimation
      $8,410,000
      83,660 SF

      1881 Pierce St

      OFFICE BUILDING • 83,660 SF
      1881 Pierce St, Lakewood, CO 80214-1407
      View Details
    • Value Estimation
      $615,000
      3,550 SF

      7675 14th Ave

      OFFICE BUILDING • 3,550 SF
      7675 14th Ave, Lakewood, CO 80214-4153
      View Details
    • Value Estimation by Request
      2,430 SF

      1590 Balsam St

      OFFICE BUILDING • 2,430 SF
      1590 Balsam St, Lakewood, CO 80214-5917
      View Details
    • Value Estimation by Request
      1,113 SF

      1410 Carr St

      OFFICE BUILDING • 1,113 SF
      1410 Carr St, Lakewood, CO 80214-6102
      View Details
    • Value Estimation
      $580,000
      900 SF

      5522 Colfax Ave

      OFFICE BUILDING • 900 SF
      5522 Colfax Ave, Lakewood, CO 80214-1816
      View Details
    • Value Estimation
      $1,460,000
      8,100 SF

      8025 Colfax Ave

      OFFICE BUILDING • 8,100 SF
      8025 Colfax Ave, Lakewood, CO 80214-6116
      View Details

    Similar Nearby for Sale

    • $649,000
      2,410 SF

      Lakewood Office Building For Sale

      Two-story office building with basement on 0.69-acre lot.
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    • $3,500,000
      24,138 SF

      Wheat Ridge Office Building For Sale

      Income-producing office building or redevelopment opportunity in Wheat Ridge, Colorado.
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    • $5,585,000
      40,474 SF

      Lakewood Office Building - $5.5M

      Prime Lakewood office building, high occupancy, strong NOI.
      940 Wadsworth Blvd, Lakewood, CO 80214
      View Details
    • $1,300,000
      4,806 SF

      Lakewood Multi-Family Investment

      Five-unit property, prime location. High rental income potential.
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    • $1,325,000
      4,791 SF

      Wheat Ridge Mixed-Use Property

      Mixed-use property with retail and residential units in Wheat Ridge.
      5500 W 29Th Ave, Denver, CO 80214
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      Lakewood Four Unit Property

      Four-unit multifamily property located in Lakewood, Colorado.
      1685 Teller St, Denver, CO 80214
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    Similar Nearby for Lease

    • $21 SF/Yr

      Two-Story Office Building For Rent

      Two-story office building with flexible layout and ample parking.
      7000 W 14Th Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      4,927 SF

      Lakewood Medical Office Building

      Single-tenant, 4,927 SF, 1-acre lot
      7595 Colfax Ave, Lakewood, CO 80214
      View Details
    • $14 SF/Yr
      10,064 SF

      Lakewood Office Building - 10,064 SF

      Prime Lakewood office space, multiple tenants.
      6464 14Th Ave, Lakewood, CO 80214
      View Details
    • $19 SF/Yr
      37,500 SF

      Lakewood Executive Office Suites

      Modern Lakewood office space, flexible layouts.
      940 Wadsworth Blvd, Lakewood, CO 80214
      View Details
    • $20 SF/Yr
      13,109 SF

      Lakewood Office Space For Rent

      Central Lakewood office space available for lease near amenities.
      1410 Vance St, Denver, CO 80214
      View Details
    • Contact for pricing
      4,892 SF

      Colfax Ave Office Space For Lease

      High-visibility corner office, ideal for various uses.
      7595 Colfax Ave, Lakewood, CO 80214
      View Details
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    1987 Wadsworth Blvd
    Lakewood, CO 80214-5201
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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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