265 Wadsworth Blvd Lakewood, CO 80226-1517
Property profile & analytics
265 Wadsworth Blvd Lakewood, CO 80226-1517
- Retail space
- 1,151 SF
- 0.27 lot acres
Property ID
US13-0753012
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.
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 265 Wadsworth Blvd
- Year built
- 1967
- Construction
- STEEL FRAME
- Lot size
- 0.27 lot acres
- Property size
- 1,151 SF
- Property type
- Retail space
- APN
- 49-113-00-022
- APU
- 4911300022
Description
This exceptional investment opportunity presents a 11,587 square foot freestanding retail building situated on a 0.26-acre lot in Lakewood, Colorado. The property boasts a brand-new, 15-year absolute NNN ground lease with a prominent tenant, Schwazze dba Star Buds, a publicly traded company. The lease includes attractive 15% rent bumps every five years, ensuring consistent income growth. The building underwent renovations in 2023 and enjoys exceptional visibility at a signalized intersection with approximately 100,000 vehicles passing daily. Its strategic location across from the Belmar Shopping District, a thriving retail hub featuring national retailers like Whole Foods, Target, and Nordstrom Rack, guarantees high foot traffic and brand recognition. The property offers a substantial net operating income (NOI) of $267,996, translating to a compelling 9.00% cap rate at an asking price of $2,978,000 ($257.01 per square foot). The lease is backed by a corporate guarantee from Schwazze, a publicly traded company with a diverse portfolio of cannabis brands and operations. This is a truly passive investment with zero landlord expenses and maintenance obligations. Four, 5-year lease options further enhance the long-term value and security of this investment. Lakewood's position as a thriving suburb within the Denver MSA, the 6th largest in the Western U.S., adds to the property's appeal. The Belmar Shopping District's high annual visitor count, ranking in the 88th percentile for super-regional malls in Colorado, underscores the property's prime location and potential for continued success.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,120,000
- ML approach
- $2,130,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.082
- Latitude
- 39.7117
- 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
$10,284
$75,970
$31,266
$107,236
-
$272,295
$142,065
$414,360
