10800 Alameda AveLakewood, CO 80226

Property Details for 10800 Alameda Ave

Year built

1966

Construction

STEEL FRAME

Lot size

0.67 AC

Property size (Sq ft)

6,880 SF

Property type

Retail properties

Property subtype

Retail space

APN

49-162-01-001

APU

4916201001

Description

This exceptional 6,880 square foot standalone retail building in Lakewood, Colorado, presents a lucrative investment opportunity. Located at 10800 W Alameda Avenue on a sizable 0.67-acre lot, the property boasts excellent street visibility and ample parking, catering to the needs of its tenants and customers. Currently fully leased at $16 per square foot, triple net (NNN), the building is divided into two distinct units. One unit is a gaming retail space complete with a commercial kitchen, while the other is a CBD warehouse. Both units are currently occupied by separate tenants, ensuring a stable income stream. The property has undergone recent and extensive renovations, encompassing a complete overhaul of essential systems. Improvements include a new water heater, updated sewer and water lines, a new air conditioning system, upgraded electrical wiring, enhanced insulation, modern lighting fixtures, and renovated restrooms. The sale also includes a shipping container situated on the property, adding further value. The flexible zoning allows for a variety of potential uses, making this a versatile and highly desirable investment. Situated in a thriving mixed-use neighborhood, this property offers a strong combination of location, income, and potential for future growth. The substantial recent improvements minimize future capital expenditure needs, maximizing the return on investment. This is a rare opportunity to acquire a fully leased, updated retail property in a prime Lakewood location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,858,631

  6.5%

  $1,715,660

  7%

  $1,593,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,528,299

  Geo Method

  $1,432,432

• Alternative Use

  Use

  Valuation

  Residential

  $1,447,223

  Hospitality

  $1,325,649

  Educational

  $1,102,924

  Medical

  $1,140,855

  Retail

  $1,715,660

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7104

Longitude

-105.119

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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