10005 17Th PlLakewood, CO 80215

  • Office properties
  • 2,200 SF
For Sale
$745,000 View listing

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
10005 17Th Pl, Lakewood, Colorado

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

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
$13,187
$123,432
$22,792
$146,224
-
$442,409
$111,691
$554,100

FAQs

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