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Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Strip malls
650 Wadsworth Blvd Ste F Lakewood, CO 80226-3121
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-2738214
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
STEEL FRAME
Total area
20,689 SF
Lot
2.09 ac (90,910 SF)
APN
49-141-03-007
UPID
US13-2738214
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
by Request
CAP Approach
CAP
$4.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
Locsaw Venture LLC · 9 yrs held
Locsaw Venture LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,055,000
6.5%
$4,670,000
7%
$4,335,000
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±10%
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
$163 / 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
$131,293
Tax year 2023
Assessed value
$1,354,070
Assessed 2023
Previous assessed
$1,354,070
+0.0% YoY
Effective rate
9.70%
On assessed value
Assessed land
$596,051
Assessed improvement
$758,019
Land market value
$2,136,385
Improvement market value
$2,746,915
Total market value
$4,883,300
Applied tax rate
7,806.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
20,689 SF
Lot
2.09 ac (90,910 SF)
APN
49-141-03-007
UPID
US13-2738214
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
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Locsaw Venture LLC
Entity
Mailing address
PO BOX 720, DENVER, CO 80201-0720
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2021
—
Locsaw Venture LLC
—
Deed
related
$4,095,000 · Bank Of Colorado
Mar 14, 2017
—
Locsaw Venture LLC
—
Deed
related
—
Feb 6, 2017
$8,400,000
Locsaw Venture LLC
Rebuild La-lakewood LLC
Grant Deed
$4,500,000 · Firstbank
May 18, 2007
$6,900,000
Rebuild La-lakewood LLC
Lin Lakewood City Center LLC
Warranty Deed
—
Apr 13, 2007
—
Lin Lakewood City Center LLC
Lin Property Investments LLC
Warranty Deed
—
Jul 2, 2004
$4,100,000
Lin Property Investments LLC
Lakewood Center LLC
Grant Deed
$3,075,000 · Horizon Bank
Jul 2, 2004
$5,000,000
Lakewood Center LLC
Lakewood City Center LLC
Grant Deed
related
$750,000 · Steele Street State Bank
—
—
Locsaw Venture LLC
—
Loan Modification
related
—
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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