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    5530 Colfax Ave Lakewood, CO 80214

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    5530 Colfax Ave Lakewood, CO 80214

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    • Retail space
    • 5,550 SF
    • 0.44 lot acres
    Off-Market
    Property ID
    US13-2548621
    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

    • Retail space

    Property Details for 5530 Colfax Ave

    Lot size
    0.44 lot acres
    Property size
    5,550 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional mixed-use investment property, located at 5530-5536 W Colfax Ave in Lakewood, Colorado, presents a compelling opportunity. The 0.44-acre site, encompassing two parcels, boasts 5,550 square feet of net rentable space distributed across four buildings. The property includes four units: two residential apartments (a 2-bedroom/1-bathroom and a 1-bedroom/1-bathroom), and two retail/commercial spaces currently operating as an auto shop. The auto shop component features a lift, ample bays, and a sizable reception area. The property benefits from a prime location on Colfax Avenue, offering high visibility and significant foot traffic. Ample on-site parking accommodates 72+ vehicles. Built in 1943 and 1975, with significant renovations completed in 2020 (including a new roof and wiring), the property is in excellent condition. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $105,598, representing a 6.40% capitalization rate. The asking price is $1,650,000, translating to $297.30 per square foot. The property is zoned M-G-U and is situated within a Qualified Opportunity Zone (QOZ), offering potential tax advantages. This stabilized investment property offers a strong return on investment in a thriving Lakewood market. The property features a double-sided pylon sign for enhanced visibility.

    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
    -105.05793844
    Latitude
    39.74024225

    Comparable in this City

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      Lakewood Storefront - $3.49M

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      Lakewood Retail/Office Building For Sale

      Stand-alone building on West Colfax, suitable for various uses.
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      Edgewater Apartment Building Sold

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      Lakewood Apartment Property Near Transit

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    Similar Nearby for Sale

    • $3,490,000
      16,320 SF

      Lakewood Storefront - $3.49M

      High-visibility retail space, 16,320 SF.
      8101 Colfax Ave, Lakewood, CO 80214
      View Details
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      3,672 SF

      Established Auto Repair Business

      Long-standing auto repair business with loyal customer base.
      5208 W 26Th Ave, Edgewater, CO 80214
      View Details
    • Contact for pricing
      1,376 SF

      Lakewood Retail/Office Building For Sale

      Stand-alone building on West Colfax, suitable for various uses.
      5522 W Colfax Ave, Lakewood, CO 80214
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      7,500 SF

      Wheat Ridge Multifamily Investment Opportunity

      12-unit apartment building near Sloan’s Lake and major transportation routes.
      5995 W 29 Ave, Wheat Ridge, CO 80214
      View Details
    • $2,600,000

      Edgewater Apartment Building Sold

      Eight-unit apartment building in Edgewater neighborhood.
      2015-2045 Depew St, Edgewater, CO 80214
      View Details
    • $3,165,000

      Lakewood Apartment Property Near Transit

      Apartment property in Lakewood, CO, near light rail station.
      1260 Balsam St, Lakewood, CO 80214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,844 SF

      Large Lot with Service Building

      Spacious lot with service building in West Colfax area.
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    • $16,000 /Mo

      Colfax Avenue Versatile Commercial Space

      Adaptable space suitable for retail, showroom, or service-based business.
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      3,000 SF

      Retail Space in Wheat Ridge

      Retail space available in shopping center anchored by Safeway.
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      2,100 SF

      Renovated Restaurant/Retail Space Available

      Move-in-ready 2,100 SF restaurant/retail space with great visibility.
      3200 Wadsworth Blvd, Wheat Ridge, CO 80214
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      1,315 SF

      Retail Space Anchored by Safeway

      Retail space in Wheat Ridge, anchored by Safeway.
      3910-3928 Wadsworth Blvd, Wheat Ridge, CO 80214
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    • Contact for pricing

      Lakewood Retail Spaces For Lease

      High-visibility retail spaces suitable for various businesses.
      7310 W Colfax Ave, Lakewood, CO 80214
      View Details
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    5530 Colfax Ave
    Lakewood, CO 80214
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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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