10395 Colfax AveLakewood, CO 80215

Property Details for 10395 Colfax Ave

Year built

1961

Construction

STEEL FRAME

Lot size

1.21 AC

Property size (Sq ft)

18,487 SF

Property type

Office properties

Property subtype

Office buildings

APN

39-334-12-001

APU

3933412001

Description

This exceptional 24,486-square-foot office building presents a unique investment opportunity in Lakewood, Colorado. Situated on a prominent 1.21-acre corner lot at the signalized intersection of Colfax Avenue and Miller Road, this mid-modern building boasts unparalleled visibility with a daily traffic count exceeding 30,000 vehicles. The property offers a highly desirable blend of commercial space, including a distinctive first-floor retail area, two levels of office space, and a usable basement. Its strategic location provides easy access to all parts of the Denver metro area, further enhanced by its proximity to a light rail station just two blocks away. This ensures convenient access to public transportation and ample parking for employees and clients. The building's design maximizes natural light and offers stunning views. The three-sided street frontage ensures maximum exposure for businesses seeking high visibility. This well-maintained property represents a significant opportunity for owner-users or developers seeking to capitalize on its prime location and substantial square footage. The potential for redevelopment or adaptive reuse is considerable, making this a truly exceptional offering in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $3,397,456

  6.5%

  $3,136,114

  7%

  $2,912,106

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,762,208

  Geo Method

  $1,527,396

• Alternative Use

  Use

  Valuation

  Residential

  $3,888,781

  Hospitality

  $3,562,102

  Educational

  $2,963,628

  Medical

  $3,065,551

  Retail

  $4,610,087

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7408

Longitude

-105.114

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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