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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Retail space
20 Sheridan Blvd Lakewood, CO 80226-8100
Individually Owned
4-yr Hold
Free & Clear
Property ID
US13-0073853
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Construction
WOOD
Total area
3,647 SF
Lot
0.4 ac (17,600 SF)
Zoning code
E-MX-2
APN
05073-09-004-000
UPID
US13-0073853
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$820k
Owner & transaction history
Victor Espinoza · 4 yrs held
Victor Espinoza
since 2022
Last sale
$875,000
2 recorded transactions
Zoning & alternative use
E-MX-2 · Lakewood, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+0.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$820,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,175,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$1,105,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $875k (Jun 24 2022)
Last sale anchor
$875k
Jun 24 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$225 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,047
Tax year 2023
Assessed value
$142,570
Assessed 2023
Previous assessed
$153,410
-7.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$138,940
Assessed improvement
$3,630
Land market value
$528,000
Improvement market value
$13,000
Total market value
$541,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
4
Total area
3,647 SF
Lot
0.4 ac (17,600 SF)
Zoning code
E-MX-2
APN
05073-09-004-000
UPID
US13-0073853
Jurisdiction
DENVER
Zoning & alternative use
E-MX-2 · Lakewood, CO
Zoning E-MX-2 · permitted uses
E-MX-2 · Lakewood, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
Victor Espinoza
Individual
Free & Clear · 4 yrs held
Mailing address
550 LAMAR CT, LAKEWOOD, CO 80226-1708
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$875,000
Victor Espinoza
Port Enterprises LLC
Special Warranty Deed
—
Jun 9, 2004
$350,000
Port Ents LLC
Melisaratos,efthimios & Angela
Warranty Deed
$280,000 · Bank One NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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