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    7220 W Jefferson Ave Lakewood, CO 80235
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    Property profile & analytics

    7220 W Jefferson Ave Lakewood, CO 80235

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    • Office buildings
    • 41,159 SF
    • 1.77 lot acres
    For Lease
    $6,120,000
    View Listing →
    Office Space for Lease For Lease
    $6,120,000

    Office Space for Lease

    Office space available for lease in Lakewood, Colorado.

    7220 W Jefferson Ave, Lakewood, CO 80235
    View Listing
    Property ID
    US13-0996134
    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 7220 W Jefferson Ave

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    1.77 lot acres
    Property size
    41,159 SF
    Property type
    Office buildings
    APN
    59-021-04-012
    APU
    5902104012

    Description

    This exceptional Lakewood, Colorado office building, located at 7220 W. Jefferson Avenue, offers a prime opportunity for businesses seeking flexible and modern workspace. Built in 1981 and extensively renovated in 2017, the single, four-story building boasts a total of 41,159 square feet. Currently, there are multiple tenancy options available, with spaces ranging from a minimum of 842 square feet to a maximum contiguous space of 1,728 square feet. A total of 2,570 square feet is currently vacant and ready for immediate occupancy. The building is equipped with a passenger elevator and ample parking, providing a convenient 4 spaces per 1,000 square feet. The property is conveniently located near the intersection of Hampden and Wadsworth avenues, offering easy access to major transportation routes. Utilities, including power, are readily available. This well-maintained building presents a fantastic opportunity for businesses of all sizes to establish a thriving presence in a desirable Lakewood location. The building's modern amenities and strategic location make it an ideal choice for companies seeking a productive and comfortable work environment. Contact us today to schedule a viewing and explore the possibilities. Zip code: 80235.

    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
    -105.078
    Latitude
    39.6494
    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
    $87,311
    $107,556
    $860,574
    $968,130
    -
    $385,505
    $3,114,495
    $3,500,000

    Comparable in this City

    • Value Estimation
      $10,160,000
      72,115 SF

      7175 Jefferson Ave

      OFFICE BUILDING • 72,115 SF
      7175 Jefferson Ave, Lakewood, CO 80235-2318
      View Details
    • Value Estimation by Request
      5,958 SF

      7400 Jefferson Ave

      OFFICE BUILDING • 5,958 SF
      7400 Jefferson Ave, Lakewood, CO 80235-2001
      View Details
    • Value Estimation
      $3,445,000
      103,840 SF

      7125 Jefferson Ave

      OFFICE BUILDING • 103,840 SF
      7125 Jefferson Ave, Lakewood, CO 80235-2333
      View Details
    • Value Estimation
      $3,805,000
      206,774 SF

      3840 Wadsworth Blvd

      OFFICE BUILDING • 206,774 SF
      3840 Wadsworth Blvd, Lakewood, CO 80235-2107
      View Details
    • Value Estimation
      $1,685,000
      8,400 SF

      7276 Mansfield Ave

      OFFICE BUILDING • 8,400 SF
      7276 Mansfield Ave, Lakewood, CO 80235-2201
      View Details
    • Value Estimation
      $6,500,000
      34,304 SF

      3910 Teller St

      OFFICE BUILDING • 34,304 SF
      3910 Teller St, Denver, CO 80235
      View Details

    Similar Nearby for Sale

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      900 SF Medical Office, Prime Location
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    • $2,500,000

      Lakewood A-2 Zoned Land

      Subdividable A-2 zoned land in Lakewood with development potential.
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      Affordable Condo with Modern Amenities

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    Similar Nearby for Lease

    • Contact for pricing

      Lakewood Office Spaces Available

      Office spaces available for rent in Lakewood, Colorado.
      7175 W Jefferson Ave, Lakewood, CO 80235
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Lakewood, Colorado.
      7220 W Jefferson Ave, Lakewood, CO 80235
      View Details
    • Contact for pricing

      CO, Lakewood - Wadsworth Blvd

      Discover many ways to work your way in Bellevue Skyline Tower
      3900 Wadsworth Blvd, Lakewood, CO 80235
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 7333 W Jefferson Ave.
      7333 W Jefferson Ave, Lakewood, CO 80235
      View Details
    View Listing
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    Lakewood, CO 80235
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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.

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