10005 17Th PlLakewood, CO 80215

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 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.

• 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

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