8810 Colfax Ave Lakewood, CO 80215-4019
Retail space
Google Maps
Entity Owned
5-yr Hold
~
Est. High Equity
No photos on file
For Sale
$999,500
8810 Colfax Ave, Lakewood, CO 80215-4019
View Listing →
Estimated value (blended)
$725k
Range $653k – $798k (±10%)
Implied cap rate
4.20%
In-place · NOI ÷ last sale
Property ID
US13-0440531
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
STEEL FRAME
Total area
2,210 SF
Lot
0.71 ac (30,928 SF)
APN
49-031-02-004
UPID
US13-0440531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$725k
Owner & transaction history
since 2021
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$885,000
+102.8%
Neighborhood: shopping center
$715,000
+64.4%
Commercial (general)
$715,000
+63.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$725k
Value range
$653k – $798k
±10% around blend
Estimated value / SF
$328 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$653k
blend $725k
$798k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,210 SF
Lot area
0.71 ac
Year built
1970
Stories
2
APN
49-031-02-004
Assessed value
$193,625
Annual tax
$17,462
3
Income approach: direct capitalization
Partial preview
Income approach indication
$465k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$505k
@ 6.5% CAP return
$465k
@ 7% CAP return
$430k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$17,462
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$921k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.9 mi away · 1,600 SF
6.0 mi away · 1,764 SF
7.4 mi away · 2,440 SF
12.1 mi away · 1,733 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$725k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$197
+66%
Submarket 470 sales
$322
+2%
County 166 sales
$295
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $328/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+103%
vs current-use indication
Neighborhood: Shopping Center
Commercial (general)
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.20%
Selected cap rate for this retail space
Derived from the Lakewood market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.20%
9.0%
NOI (est.)
$14k *
Last sale · Jun 2021
$850k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$338k
Move the market yield to see immediate price impact.
Value / SF
$153
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.70%4.20%4.70%
$13k
$345k
$304k
$271k
$14k
$383k
$338k
$302k
$16k
$421k
$371k
$332k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$800k
1.7 mi · May 2026 · $435/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,462
Tax year 2023
Assessed value
$193,625
Assessed 2023
Previous assessed
$193,625
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$126,184
Assessed improvement
$67,441
Land market value
$452,272
Improvement market value
$271,724
Total market value
$723,996
Applied tax rate
7,814.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Cooling
REFRIGERATOR
Stories
2
Units
1
Total area
2,210 SF
Lot
0.71 ac (30,928 SF)
APN
49-031-02-004
UPID
US13-0440531
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Units
1
Lot
0.71 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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