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Property profile & analytics
FOR LEASE
Office buildings
200 Union Blvd Lakewood, CO 80228
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0526239
For Lease
1 / 18
$27.50 SF/Yr
200 Union Blvd, Lakewood, CO 80228
View Listing →
Property summary
AI-generated overview
This Class A office building, located at 200 Union Blvd in Lakewood, Colorado (Jefferson County, zip code 80228), offers a diverse range of flexible workspace solutions. The 10,892 square foot building boasts 350 suites, with 5,970 square feet currently available. Spaces range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The building underwent renovations in 2019 and features elevators for convenient access. Options include private, fully furnished offices, customizable to individual needs
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
STEEL FRAME
Total area
21,277 SF
Lot
5.62 ac (244,877 SF)
APN
49-081-04-008
UPID
US13-0526239
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
by Request
CAP Approach
CAP
$5.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Griffin Partners III 200 Union LP · 8 yrs held
Griffin Partners III 200 Union LP
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,540,000
6.5%
$5,115,000
7%
$4,750,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,445,000
Current use
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±10%
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
$180 / 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
$430,812
Tax year 2023
Assessed value
$4,776,983
Assessed 2023
Previous assessed
$4,776,983
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$854,009
Assessed improvement
$3,922,974
Land market value
$3,060,963
Improvement market value
$14,090,837
Total market value
$17,151,800
Applied tax rate
7,041.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
6
Total area
21,277 SF
Lot
5.62 ac (244,877 SF)
APN
49-081-04-008
UPID
US13-0526239
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.4M
OFFICE BUILDING Current
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
1981
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
6
Buildings
3
Lot
5.62 ac
Current owner
From public records · entity-resolved
Griffin Partners III 200 Union LP
Entity
Mailing address
675 BERING DR #825, HOUSTON, TX 77057-2141
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2018
$21,300,000
Griffin Partners III 200 Union LP
Crown Denver V LLC
Special Warranty Deed
—
Mar 1, 2017
—
Crown-denver V LLC
—
Grant Deed
related
$26,800,000 · Keybank USA
Dec 11, 2007
$17,400,000
Crown-denver V LLC
Union Plaza 97 LLC
Grant Deed
$12,775,000 · Morgan Stanley Capital I INC
—
—
Union Plaza 97 LLC
—
Deed Of Trust
related
$12,775,000 · Royal Bank Of Canada
—
—
Griffin Partners III 200 Union
—
Loan Modification
related
$1,445,000 · Texas Cap Bk
—
—
Union Plaza 97 LLC
—
Deed Of Trust
related
$7,000,000 · General Electric Capital Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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