1360 Wadsworth BlvdLakewood, CO 80232

Property Details for 1360 Wadsworth Blvd

Year built

1972

Construction

STEEL FRAME

Lot size

1.54 AC

Property size (Sq ft)

22,144 SF

Property type

Office properties

Property subtype

Office buildings

APN

49-231-00-037

APU

4923100037

Description

Terra Professional Plaza offers a diverse range of office spaces, ideal for businesses seeking flexible and functional work environments. Located at 1360 S Wadsworth Blvd in Lakewood, Colorado, this two-story building boasts 22,309 square feet of total space, divided into 28 suites. Units range from a minimum of 365 square feet to a maximum contiguous space of 1,340 square feet, catering to various business needs. The property features convenient amenities including an elevator, ample parking, and 24-hour access via a locked entry system. Each suite benefits from upgraded finishes, exterior entrances, and private restrooms, ensuring a comfortable and professional atmosphere. The building's strategic location between Florida Ave and Mississippi Ave, offers easy access to major transportation routes, including proximity to the 6th Ave Freeway and Highway 285. With over 45,000 cars passing daily on Wadsworth Blvd, the property enjoys high visibility and accessibility. The surrounding area provides a wealth of retail amenities, including restaurants, banks, hotels, and the nearby Belmar Shopping District. Currently undergoing exterior renovations, Terra Professional Plaza is under new ownership and professional management, promising a well-maintained and updated facility. The abundance of natural light from numerous windows further enhances the appeal of these quality, affordable office suites. Jefferson County location, zip code 80232.

• CAP approach

  CAP return

  Valuation

  6%

  $4,388,063

  6.5%

  $4,050,520

  7%

  $3,761,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,446,490

  Geo Method

  $1,829,537

• Alternative Use

  Use

  Valuation

  Residential

  $5,022,644

  Hospitality

  $4,600,716

  Educational

  $3,827,741

  Medical

  $3,959,383

  Retail

  $5,954,264

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.6923

Longitude

-105.081

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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