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Property profile & analytics
FOR SALE
Office buildings
8525 W Colfax Ave Lakewood, CO 80215
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2773998
For Sale
1 / 6
$2,785,000
8525 W Colfax Ave, Lakewood, CO 80215
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
WOOD FRAME
Total area
9,194 SF
Lot
0.84 ac (36,655 SF)
APN
39-344-18-005
UPID
US13-2773998
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.55M
Owner & transaction history
Squire Plaza LLC · 3 yrs held
Squire Plaza LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+28.0%
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
$1,275,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,420,000
Current use
RETAIL STORES
$1,815,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.68M (Nov 2 2022)
Last sale anchor
$1.68M
Nov 2 2022
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
$168 / 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
$52,656
Tax year 2023
Assessed value
$583,864
Assessed 2023
Previous assessed
$583,864
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$240,329
Assessed improvement
$343,535
Land market value
$861,393
Improvement market value
$1,261,307
Total market value
$2,122,700
Applied tax rate
7,814.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1958
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
3
Total area
9,194 SF
Lot
0.84 ac (36,655 SF)
APN
39-344-18-005
UPID
US13-2773998
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
3
Lot
0.84 ac
Current owner
From public records · entity-resolved
Squire Plaza LLC
Entity
Mailing address
8525 W COLFAX AVE, LAKEWOOD, CO 80215-4010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
—
Squire Plaza LLC
—
Deed
related
$1,407,250 · Corefirst Bank & Trust
Nov 2, 2022
—
Squire Plaza LLC
White Rock Motel LLC
Quit Claim Deed
related
—
Oct 31, 2017
$1,675,000
White Rock Motel LLC
8525 LLC
Warranty Deed
$1,190,000 · North Valley Bank
Sep 4, 2009
—
8525 LLC
Ckks Investments LLC
Quit Claim Deed
related
—
Sep 3, 2009
$845,000
Ckks Investments LLC
Js Real Estate Lakewood LLC
Warranty Deed
$225,000 · Key Bank & Trust
Aug 2, 2006
$1,400,000
Js Real Estate Lakewood LLC
Squire Plaza II LLC
Warranty Deed
$980,000 · Farmers Insurance Group FCU
Jun 13, 2006
—
Squire Plaza II LLC
—
Trustees Deed
related
$56,000 · Rocky Mountain Mtg Consultants
Feb 27, 2006
—
Squire Plaza II LLC
—
Trustees Deed
related
$900,000 · Squire Plaza LLC
Dec 16, 2003
—
Squire Plaza II LLC
Bradbury,scott D
Quit Claim Deed
related
—
Feb 16, 1999
—
Squire Plaza LLC
Azharian,armond A
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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