10005 17Th PlLakewood, CO 80215
- Office properties
- 2,200 SF
Property Details for 10005 17Th Pl
- Year built
- 1959
- Construction
- STEEL FRAME
- Lot size
- 0.55 AC
- Property size (Sq ft)
- 2,200 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 39-334-00-015
- APU
- 3933400015
Description
This exceptional free-standing office building in Lakewood, Colorado, presents a unique investment opportunity. Situated on a 0.55-acre lot at 10005 W 17th Place, the property boasts 2,200 square feet of versatile office space with high visibility on Kipling Street, ensuring significant traffic exposure. The building's design allows for flexible use, easily divisible into three separate units, catering to a variety of business needs. The property includes a secure fenced yard providing both privacy and security, complemented by 21 dedicated parking spaces, a significant advantage in a high-traffic area. The building is zoned M-E-U. Recent upgrades significantly enhance the property's value and functionality. These include brand-new office sinks and three modern restrooms, new flooring throughout (high-quality carpets and laminate), and the addition of a contemporary shower room. Electrical panel upgrades meet current government standards, while partial lighting enhancements improve ambiance and energy efficiency. New exit lights have been installed for increased safety, and the backyard fence has been completely rebuilt for enhanced security and privacy. While originally planned as a daycare facility (plans available upon request), the project was not completed due to funding limitations. This presents a buyer with the chance to acquire a well-maintained, upgraded building ready for immediate occupancy or further customization to suit their specific business requirements. Priced at $745,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $404,306
- 6.5%
- $373,206
- 7%
- $346,548
-
Comparable approach
- Method
- Valuation
- Relative Method
- $447,712
- Geo Method
- $181,764
-
Alternative Use
- Use
- Valuation
- Residential
- $462,775
- Hospitality
- $423,899
- Educational
- $352,679
- Medical
- $364,808
- Retail
- $548,612
Location Insight
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Latitude
- 39.7445
- Longitude
- -105.11
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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