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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Retail space
457 Wadsworth Blvd Lakewood, CO 80226-1500
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-2675182
Property summary
AI-generated overview
This exceptional single-story retail building, located at 457 Wadsworth Blvd in Lakewood, Colorado, offers 6,237 square feet of versatile space. Built in 1977 and renovated in 2008, the property boasts three suites, with 3,300 square feet currently vacant, providing a significant opportunity for immediate occupancy. The minimum divisible space is 1,400 square feet, making it ideal for a variety of tenants. The building sits on a 0.58-acre lot (24,959 square feet) and features ample parking with 33 spaces. The property is zoned M-G-S and benefits from a convenient location near W 5th Ave in the West submarket cluster of Lakewood. The building's floor area ratio (FAR) is 0.25. The property is well-suited for retail, office, or medical uses, offering high visibility and accessibility. No elevators are present. The property's address is 457 Wadsworth Blvd, Lakewood, CO 80226. The APN is 49-112-04-015. This is a fantastic opportunity to secure a prime retail location in a thriving area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
STEEL FRAME
Total area
6,237 SF
Lot
0.58 ac (25,200 SF)
APN
49-112-04-015
UPID
US13-2675182
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
$1.58M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$1.53M
Owner & transaction history
Galaxy 457 Wadsworth LLC · 4 yrs held
Galaxy 457 Wadsworth LLC
since 2022
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+24.5%
Neighborhood: shopping center
$2.0M
+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
$1,460,000
ML approach
$1,580,000
CAP Approach
CAP Return
Estimation
6%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,005,000
Current use
AUTO REPAIR, GARAGE
$2,500,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,025,000
Change: +1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,940,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$1,895,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.92M (May 25 2022)
Last sale anchor
$1.92M
May 25 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
$245 / 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
$49,073
Tax year 2023
Assessed value
$544,134
Assessed 2023
Previous assessed
$544,134
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$165,224
Assessed improvement
$378,910
Land market value
$592,200
Improvement market value
$1,388,100
Total market value
$1,980,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Units
2
Total area
6,237 SF
Lot
0.58 ac (25,200 SF)
APN
49-112-04-015
UPID
US13-2675182
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
RETAIL STORES Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1977
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Galaxy 457 Wadsworth LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1528 WAZEE ST, DENVER, CO 80202-1312
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
May 25, 2022
$1,920,000
Galaxy 457 Wadsworth LLC
457 Wadsworth LLC
Special Warranty Deed
—
Nov 6, 2007
$925,000
457 Wadsworth LLC
Bryan Berger Merrill
Special Warranty Deed
$721,000 · Citibank 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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