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    384 Wadsworth Blvd Lakewood, CO 80226-3102
    Property profile & analytics

    384 Wadsworth Blvd Lakewood, CO 80226-3102

    View on Map
    • Outlet malls
    • 30,762 SF
    • 4.30 lot acres
    Off-Market
    Last Sale Jun 13, 2023
    $113,000,000
    Property ID
    US13-1301382
    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 384 Wadsworth Blvd

    Year built
    2010
    Construction
    WOOD FRAME
    Lot size
    4.30 lot acres
    Property size
    30,762 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    49-141-07-003
    APU
    4914107003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.081
    Latitude
    39.71
    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
    $241,414
    $1,229,200
    $731,573
    $1,960,773
    -
    $4,405,733
    $2,652,126
    $7,057,859

    Comparable in this City

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      24,435 SF

      160 Wadsworth Blvd

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    • Value Estimation
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      173,997 SF

      460 Vance St

      WHOLESALE OUTLET, DISCOUNT STORE • 173,997 SF
      460 Vance St, Lakewood, CO 80226-3305
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    • Value Estimation
      $9,340,000
      84,442 SF

      7984 Alameda Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 84,442 SF
      7984 Alameda Ave, Lakewood, CO 80226-3025
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    • Value Estimation
      $16,375,000
      150,291 SF

      440 Wadsworth Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 150,291 SF
      440 Wadsworth Blvd, Lakewood, CO 80226-1510
      View Details
    • Value Estimation
      $11,680,000
      87,782 SF

      7313 Alaska Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 87,782 SF
      7313 Alaska Dr, Lakewood, CO 80226-3217
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    • Value Estimation
      $4,875,000
      43,537 SF

      225 Sheridan Blvd Ste B

      WHOLESALE OUTLET, DISCOUNT STORE • 43,537 SF
      225 Sheridan Blvd Ste B, Lakewood, CO 80226-2464
      View Details

    Similar Nearby for Sale

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      70,955 SF

      Fully Leased Aurora Retail Center

      Retail center with long-term tenants and value-add opportunities.
      15401-15503 E Mississippi Ave, Aurora, CO 80226
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      7,144 SF

      Aurora Retail Property For Sale

      Retail property available in Aurora, Colorado, totaling 7,144 square feet.
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    • $1,600,000
      2,273 SF

      Sale of 395 Sheridan and Business - Auto Star USA

      Sale of 395 Sheridan and Business - Auto Star USA
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    • $1,500,000

      Corner Freestanding Building in Lakewood

      5,720 SF freestanding building with multiple access points and overhead doors.
      5700 W Alameda Pkwy, Lakewood, CO 80226
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    Similar Nearby for Lease

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      1,492 SF

      Retail Space in Aurora Center

      Retail space available in established Aurora shopping center.
      12102-12190 E Mississippi Ave, Aurora, CO 80226
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      18,000 SF

      Aurora Retail Space For Rent

      18,000 square foot retail space available for lease.
      15001-15297 E Mississippi Ave, Aurora, CO 80226
      View Details
    • Contact for pricing

      Versatile Retail, Office, Medical Space

      Adaptable space for retail, office, or medical tenants.
      457 Wadsworth Blvd, Lakewood, CO 80226
      View Details
    • Contact for pricing
      3,034 SF

      Restaurant Space Available For Lease

      Second generation restaurant space available for lease.
      14565 E Alameda Ave, Aurora, CO 80226
      View Details
    • Contact for pricing

      Retail Space Near Downtown Denver

      Retail space in a densely populated, established Lakewood trade area.
      95 S Sheridan Blvd, Lakewood, CO 80226
      View Details
    • Contact for pricing
      3,115 SF

      Aurora Retail Space For Rent

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      14401 E Bayaud Ave, Aurora, CO 80226
      View Details

    Property Visit Statistics

    • Visits by month
      38.9k
    • Visitors by month
      32.3k
    • Avg Time on site
      23 min
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    Lakewood, CO 80226-3102
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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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    384 Wadsworth Blvd, Lakewood, CO, 80226
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