Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8490 Colfax Ave Lakewood, CO 80215

    • Retail space
    • 2,340 SF
    • 0.11 lot acres
    For Sale
    View listing
    $390,000
    Last Sale
    May 19, 2025
    $390,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0225553
    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

    • Retail space

    Property Details for 8490 Colfax Ave

    Year built
    1961
    Construction
    STEEL FRAME
    Lot size
    0.11 lot acres
    Property size
    2,340 SF
    Property type
    Retail space
    APN
    49-031-00-005
    APU
    4903100005

    Description

    This exceptional retail property, located at 8490 W Colfax Avenue in Lakewood, Colorado, presents a compelling investment or owner-user opportunity. The 2,340 square foot space is ideally situated on the vibrant Colfax Avenue corridor, ensuring high visibility and foot traffic. This makes it an excellent location for a variety of retail businesses seeking a strong presence in a busy commercial area. The property is offered at $390,000, representing a significant value proposition for those seeking a well-located retail space in a thriving market. The building's size offers ample space for a diverse range of retail operations, allowing for flexible layout configurations to suit individual business needs. Its prime location on Colfax Avenue provides unparalleled access to a large customer base, enhancing the potential for strong sales and revenue generation. This is a rare opportunity to acquire a well-positioned retail unit in a high-demand area, making it an attractive prospect for both investors seeking a stable return and owner-users looking to establish or expand their business. The property sits on a lot with no acreage specified. Serious inquiries are encouraged to explore this promising investment or business opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.092
    Latitude
    39.7399
    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
    $16,168
    $31,799
    $138,062
    $169,861
    -
    $113,975
    $524,845
    $638,820

    Comparable in this City

    • Value Estimation
      $4,075,000
      44,405 SF

      9050 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 44,405 SF
      9050 6th Ave, Lakewood, CO 80215-5121
      View Details
    • Value Estimation by Request
      1,172 SF

      8485 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,172 SF
      8485 Colfax Ave, Lakewood, CO 80215-4008
      View Details
    • Value Estimation by Request
      2,612 SF

      2680 Youngfield St

      RETAIL STORES (PERSONAL SERVICES) • 2,612 SF
      2680 Youngfield St, Lakewood, CO 80215-1034
      View Details
    • Value Estimation
      $555,000
      1,216 SF

      2540 Youngfield St

      RETAIL STORES (PERSONAL SERVICES) • 1,216 SF
      2540 Youngfield St, Lakewood, CO 80215-1033
      View Details
    • Value Estimation
      $515,000
      5,164 SF

      8591 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,164 SF
      8591 Colfax Ave, Denver, CO 80215
      View Details
    • Value Estimation
      $770,000
      2,210 SF

      8810 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,210 SF
      8810 Colfax Ave, Lakewood, CO 80215-4019
      View Details

    Similar Nearby for Sale

    • $2,500,000
      24,486 SF

      Lakewood Mixed-Use Redevelopment

      Prime Lakewood location, vacant, high visibility.
      10395 Colfax Ave, Lakewood, CO 80215
      View Details
    • $725,000
      3,624 SF

      Aurora Retail Building on Colfax

      3,624 SF retail building in Aurora, Colorado.
      9726-9728 E Colfax Ave, Aurora, CO 80215
      View Details
    • $975,000
      2,376 SF

      1420 Garrison St

      Individual retail properties • 2,376 SF
      1420 Garrison St, Lakewood, CO 80215
      View Details
    • $949,000
      4,070 SF

      Retail Center on West Colfax

      Four-unit retail center with high traffic exposure and walkability.
      11501 W Colfax Ave, Lakewood, CO 80215
      View Details
    • $1,950,000
      10,605 SF

      Aurora Retail Property For Sale

      Retail property in Aurora with high traffic and ample parking.
      9131 E Colfax Ave, Aurora, CO 80215
      View Details
    • $4,075,757
      13,450 SF

      Single-Tenant Walgreens in Aurora, Colorado

      Walgreens store with a new 13-year lease.
      10501 E Colfax Ave, Aurora, CO 80215
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,521 SF

      Aurora Retail Space Available

      Retail space available for lease in Aurora, Colorado.
      9501 E Colfax Ave, Aurora, CO 80215
      View Details
    • $15 SF/Yr
      1,127 SF

      Retail Space on Kipling Street

      Retail space with high visibility and ample parking available for rent.
      4550 S Kipling St, Denver, CO 80215
      View Details
    • Contact for pricing
      2,557 SF

      Retail Space Near Light Rail

      Retail space in high-traffic area near Arvada Ridge.
      4980 Kipling St, Wheat Ridge, CO 80215
      View Details
    • Contact for pricing
      48,375 SF

      Retail Anchor Space on Colfax

      48,375 SF retail space available for lease.
      10400 E Colfax Ave, Aurora, CO 80215
      View Details
    • $1,000 /Mo
      3,189 SF

      Retail Space on W Colfax

      Affordable retail space in a prime location on W Colfax.
      8465 W Colfax Ave, Lakewood, CO 80215
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space Near Light Rail

      Retail space in a heavily trafficked corridor near light rail.
      4990 Kipling St, Wheat Ridge, CO 80215
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8490 Colfax Ave
    Lakewood, CO 80215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.