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    200 Union Blvd Lakewood, CO 80228

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    200 Union Blvd Lakewood, CO 80228

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    • Office buildings
    • 21,277 SF
    • 5.62 lot acres
    For Lease
    $3,835,000
    View Listing →
    Office Space in Union Boulevard For Lease
    $3,835,000

    Office Space in Union Boulevard

    Office space for lease in a convenient West Denver location.

    200 Union Boulevard, Lakewood, CO 80228
    View Listing
    Property ID
    US13-0526239
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 200 Union Blvd

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    5.62 lot acres
    Property size
    21,277 SF
    Property type
    Office buildings
    APN
    49-081-04-008
    APU
    4908104008

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.132
    Latitude
    39.7189
    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
    $430,812
    $854,009
    $3,922,974
    $4,776,983
    -
    $3,060,963
    $14,090,837
    $17,151,800

    Comparable in this City

    • Value Estimation
      $16,710,000
      102,957 SF

      360 Van Gordon St

      OFFICE BUILDING • 102,957 SF
      360 Van Gordon St, Lakewood, CO 80228-1579
      View Details
    • Value Estimation
      $4,295,000
      23,666 SF

      155 Van Gordon St

      OFFICE BUILDING • 23,666 SF
      155 Van Gordon St, Lakewood, CO 80228-1709
      View Details
    • Value Estimation
      $3,150,000
      19,685 SF

      13151 Alameda Pkwy

      OFFICE BUILDING • 19,685 SF
      13151 Alameda Pkwy, Lakewood, CO 80228-3108
      View Details
    • Value Estimation
      $8,675,000
      86,784 SF

      12596 Bayaud Ave

      OFFICE BUILDING • 86,784 SF
      12596 Bayaud Ave, Lakewood, CO 80228-2000
      View Details
    • Value Estimation
      $4,390,000
      37,232 SF

      355 Un Blvd

      OFFICE BUILDING • 37,232 SF
      355 Un Blvd, Lakewood, CO 80228-6516
      View Details
    • Value Estimation
      $5,250,000
      44,896 SF

      274 Un Blvd

      OFFICE BUILDING • 44,896 SF
      274 Un Blvd, Lakewood, CO 80228-1813
      View Details

    Similar Nearby for Sale

    • $2,150,000

      Lakewood Office Building For Sale

      12,359 SF office building in Lakewood, Colorado, 50% leased.
      735 S Xenon Ct, Lakewood, CO 80228
      View Details
    • Contact for pricing
      9,655 SF

      Free Standing Building in Lakewood

      9,655 SF free standing building near Solterra neighborhood.
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    • $1,750,000

      Lakewood Freestanding Building For Sale

      9,655 SF freestanding building in a Safeway shopping center.
      13013 W Alameda Pkwy, Lakewood, CO 80228
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    • Contact for pricing

      Land for Sale or Lease

      Regional location near C-470, Red Rocks, and new homes.
      C-470 And Morrison Rd, Morrison, CO 80228
      View Details
    • Contact for pricing

      Commercial Land on West Alameda

      1.31-acre commercial parcel with development potential in Lakewood, CO.
      13121 W Alameda Pkwy, Lakewood, CO 80228
      View Details
    • $249,900

      Green Mountain Dream Home Opportunity

      Residential lot in desirable Green Mountain area with mountain views.
      322 S Alkire St, Lakewood, CO 80228
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    Similar Nearby for Lease

    • Contact for pricing

      Union Tower Office Space Available

      Office building with amenities in central Lakewood location for rent.
      165 S Union Blvd, Lakewood, CO 80228
      View Details
    • Contact for pricing

      Lakewood Office Building For Lease

      Class C office building in Union Boulevard business corridor.
      12567 West Cedar Dr, Lakewood, CO 80228
      View Details
    • Contact for pricing

      Lakewood Office Space For Rent

      Office building in Lakewood, near amenities and transportation.
      12345 W Alameda Pkwy, Lakewood, CO 80228
      View Details
    • Contact for pricing

      Lakewood Office Space Available

      Office spaces for rent near 6th Ave and Union Blvd.
      12477 West Cedar Dr, Lakewood, CO 80228
      View Details
    • $30 SF/Yr
      34,810 SF

      Lakewood Office Space Available

      34,810 square feet of office space for lease.
      143 Union Blvd, Lakewood, CO 80228
      View Details
    • Contact for pricing

      Lakewood Office Space For Rent

      Office space with flexible floor plan and attractive finishes.
      12157 W Cedar Dr, Lakewood, CO 80228
      View Details
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    Lakewood, CO 80228
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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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    200 Union Blvd, Lakewood, CO, 80228

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