8600 W 14th Avenue

Lakewood, CO 80215

Incomes Property  $655,000  Sold

04-30-2019 09:54am

Property Description

This highly flexible property has potential for both retail and office tenants. The investment is ideal for either investors or owner/users. With many recent capitalimprovements and a flexible layout, the property is primed for stabilization. The property is listed at a low price/ square foot (just over $80), and has the potential to achieve a cap rate in excess of 9% with minimal effort. Owner is currently extending all leases to 3-5 year term. Tenants were year to year as their was a large space being remodeled and there were many owner/user possibilities. The large space has been leased, so it is now a more pure investment opportunity. IF YOU HAVE INTEREST AS AN OWNER/USER CONTACT LISTING AGENT IMMEDIATELY BEFORE ALL THE TENANTS ARE SIGNED TO RENEWALS.

Listing Details

MLS#
8381106
MLS Originator
REcolorado (Denver)
Off Market Date
03-25-2019 12:00am
Original Price
$655,000
Distance to Bus
0.20
Distance to Rail
0.70
Nearby Attraction
Adjacent to Greenbelt, Adjacent to Open Space, Adjacent to Park, Near Public Transit

Property Details

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
04-30-2019 09:54am
Bedrooms
0
SqFt
8160
Year Built
1962
Der PSF Total
80.27

Map

Property Level and Sizes

SqFt Lot
25000.00
SqFt Finished
8160
SqFt Above
8160

Financial Details

Sold Price
$655,000
Previous Year Tax
$8,633
Terms and Conditions
Cash, Conventional, Exchange, Other, Private Financing
Owner Paid Utilities
Maintenance,Property Tax,Trash
Transaction Type
For Sale

Interior Details

Interior Features
Handicap Accessible
Cooling
Air Conditioning-Individual
Heating
Baseboard, Forced Air
Heating Fuel
Electric, Gas

Exterior Details

General
Adjacent to Greenbelt, Adjacent to Open Space, Adjacent to Park, Near Public Transit
Base Type
Cellar
Base Floor Plan
Concrete Wall,Slab
Base Size
Partial
Parking Spaces
1
Vehicle Spaces
42
Type
# of Space
L x W
Description
Parking Lot
42
-

Exterior Construction

Building Type
Other
Structure
Ranch/1 Story
Roof
Other
Construction
Rock, Stucco
Architectural Style
Loft
Features
Commercial Improvements
Construction Method
Concrete

Schools

School District
Jefferson County R-1
Elementary School
Eiber
Middle School
Creighton
High School
Lakewood

Condominium Projections

Annual Actual Expenses
26325
Annual Projected Expenses
24583
Annual Actual Income
68100
Annual Projected Income
88200
Annual Actual Net Income
41775
Annual Projected Net Income
63617
Unit Furnished
0

Land Details

PPA
1149122.81
Lot Width
0.00
Road Surface
Paved Road

Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 8600 W 14th Avenue, Lakewood, CO 80215
- Property Type: Incomes Property, - beds, - baths, 8160 SqFT
- Sold Price: $655,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$0 (0)
$0 (0)
$0 (0)
$430,000 (1)
Area 2 (1-2 miles)
$0 (0)
$0 (0)
$0 (0)
$430,000 (1)
Area 3 (2-3 miles)
$0 (0)
$0 (0)
$0 (0)
$430,000 (1)
Area 4 (3-5 miles)
$0 (0)
$0 (0)
$0 (0)
$495,000 (3)

Contact Agent

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