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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7005 16th Pl Lakewood, CO 80214-5360

    • Residential income homes
    • 1,848 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Feb 08, 2022
    $2,850,000
    Value Estimations
    $2,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2667948
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 7005 16th Pl

    Year built
    1952
    Construction
    STEEL FRAME
    Lot size
    0.61 lot acres
    Property size
    1,848 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    39-354-01-140
    APU
    3935401140

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,170,000
      ML approach
      $2,310,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.075
    Latitude
    39.7433
    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
    $16,321
    $35,657
    $145,320
    $180,977
    -
    $532,200
    $2,223,960
    $2,756,160

    Comparable in this City

    • Value Estimation
      $195,000
      2,482 SF

      7205 12th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,482 SF
      7205 12th Ave, Lakewood, CO 80214-7903
      View Details
    • Value Estimation
      $290,000
      2,111 SF

      5510 28th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,111 SF
      5510 28th Ave, Wheat Ridge, CO 80214-8424
      View Details
    • Value Estimation
      $575,000
      2,505 SF

      1255 Ammons St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,505 SF
      1255 Ammons St, Lakewood, CO 80214-4047
      View Details
    • Value Estimation
      $875,000
      3,276 SF

      1020 Balsam St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,276 SF
      1020 Balsam St, Lakewood, CO 80214-4011
      View Details
    • Value Estimation
      $225,000
      2,817 SF

      2560 Brentwood St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,817 SF
      2560 Brentwood St, Lakewood, CO 80214-5569
      View Details
    • Value Estimation
      $830,000
      1,444 SF

      1628 Eaton St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,444 SF
      1628 Eaton St, Lakewood, CO 80214-1629
      View Details

    Similar Nearby for Sale

    • $6,775,000
      15,997 SF

      Lakewood Apartment Building For Sale

      Newly built 19-unit apartment building in Lakewood, Colorado.
      1091 Carr St, Denver, CO 80214
      View Details
    • $2,810,000
      19,932 SF

      Lakewood Apartment Building Sold

      17-unit apartment building in Lakewood, Colorado.
      7885-7895 W 12Th Ave, Lakewood, CO 80214
      View Details
    • $3,190,000
      15,168 SF

      Lakewood Multifamily Investment Opportunity

      Multifamily property in Lakewood, contact broker for details.
      1363 Pierce St, Denver, CO 80214
      View Details
    • $1,500,000
      4,685 SF

      Lakewood Multifamily Property Sold

      Seven-unit multifamily property in Lakewood, Colorado.
      1690 Yarrow St, Denver, CO 80214
      View Details
    • $1,375,000
      4,806 SF

      Lakewood Multifamily Investment

      5-Unit Apartment Building, High ROI
      1628 Eaton St, Lakewood, CO 80214
      View Details
    • $1,325,000
      5,520 SF

      Lakewood Multifamily Property

      Eight-unit multifamily property located in Lakewood, Colorado.
      1725 Fenton St, Denver, CO 80214
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Pad Site For Lease

      0.4 AC pad site available for lease or build-to-suit.
      3103 Sheridan Blvd, Denver, CO 80214
      View Details
    • $20 SF/Yr
      13,109 SF

      Lakewood Office Space For Rent

      Central Lakewood office space available for lease near amenities.
      1410 Vance St, Denver, CO 80214
      View Details
    • Contact for pricing
      144,553 SF

      Edgewater Marketplace Retail Space

      High-traffic retail space, 1,120 sq ft available.
      0 17 Ave, Edgewater, CO 80214
      View Details
    • $21 SF/Yr

      Two-Story Office Building For Rent

      Two-story office building with flexible layout and ample parking.
      7000 W 14Th Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      4,927 SF

      Lakewood Medical Office Building

      Single-tenant, 4,927 SF, 1-acre lot
      7595 Colfax Ave, Lakewood, CO 80214
      View Details
    • Contact for pricing
      2,030 SF

      Retail Space Near King Soopers

      Retail spaces with high visibility near Hampden Ave and Sheridan Blvd.
      3100 Sheridan Blvd, Denver, CO 80214
      View Details
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    7005 16th Pl
    Lakewood, CO 80214-5360
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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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