5530-5536 W Colfax Ave
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5530-5536 W Colfax Ave
5,550 SF Vacant Retail Building Lakewood, CO 80214 $1,650,000 ($297/SF) 6.40% Cap Rate
Investment Highlights
- Gross Rent: $146k (current). NOI: $106k (6.4% CAP).
- 4 buildings (5,550sf) on 0.44acres
- Monument Sign (Double-sided)
- Qualified Opportunity Zone (QOZ) in growing Lakewood Market
- New Roof and Wiring in 2020
- Ample On-Site Parking (72+ Cars)
Executive Summary
Hoff & Leigh is excited to present this great investment opportunity with stable income in place in the growing Lakewood Market! This mixed-use property for sale is situated on 2 parcels at Colfax Ave & Depew with a dedicated turn lane, located just 5 minutes from Downtown Denver. This property is on a corner lot in a Qualified Opportunity Zone (QOZ), and is currently operating as an auto dealership with parking for 72+ cars.
This property is 0.44 acres and includes 4 buildings totaling 5,550sf:
1. (5530) Mixed-use building has separate entrances for the 2 apartments upstairs (2br/1ba and 1br/1ba), and a 1st floor retail unit with a 1,200 SF retail area, kitchen, small bedroom, bathroom, storage room and closet, mechanic storage in back (yellow room).
2. (5536 Bldg 1) Mixed-use building also has retail on 1st floor (2 offices, 2 bathrooms, storage room area and spiral staircase to apartment upstairs).
3. (5536 Bldg 2 and Bldg 3) Auto-repair building insulated with 1 lift, large reception area, office, and bathroom/shower.
4. (5536 Bldg 4) Auto-repair dome insulated with bays for 2-3 cars.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfax-avenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
Matterport Virtual Tours:
Retail/2 apts building (5530): https://my.matterport.com/show/?m=6Bt1nx3YbYM .
1st floor office/retail (5536 Bldg 1): https://my.matterport.com/show/?m=ejhQobYniUx .
Auto repair office (5536 Bldg 2): https://my.matterport.com/show/?m=K8nni4tdvQE .
Auto repair shop (5536 Bldg 3): https://my.matterport.com/show/?m=u4spjftVVhB .
Auto repair dome (5536 Bldg 4): https://my.matterport.com/show/?m=6zqtcCDw6za .
5530-5536 W Colfax HIGHLIGHTS:
• $1,650,000.
• Gross Rent: $146k (current).
• NOI: $106k (6.4% CAP).
• 5,550sf (4 buildings).
• 0.44 acres (2 parcels).
• New Roof and Wiring (2020).
• Pylon sign (double-sided).
• High visibility and Foot Traffic on Colfax Ave.
• Ample on-site parking (72+ cars).
• Qualified Opportunity Zone (QOZ).
• Growing market in Lakewood.
• Zoning M-G-U (Lakewood).
• Built in 1943, 1975.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfaxavenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
This property is 0.44 acres and includes 4 buildings totaling 5,550sf:
1. (5530) Mixed-use building has separate entrances for the 2 apartments upstairs (2br/1ba and 1br/1ba), and a 1st floor retail unit with a 1,200 SF retail area, kitchen, small bedroom, bathroom, storage room and closet, mechanic storage in back (yellow room).
2. (5536 Bldg 1) Mixed-use building also has retail on 1st floor (2 offices, 2 bathrooms, storage room area and spiral staircase to apartment upstairs).
3. (5536 Bldg 2 and Bldg 3) Auto-repair building insulated with 1 lift, large reception area, office, and bathroom/shower.
4. (5536 Bldg 4) Auto-repair dome insulated with bays for 2-3 cars.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfax-avenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
Matterport Virtual Tours:
Retail/2 apts building (5530): https://my.matterport.com/show/?m=6Bt1nx3YbYM .
1st floor office/retail (5536 Bldg 1): https://my.matterport.com/show/?m=ejhQobYniUx .
Auto repair office (5536 Bldg 2): https://my.matterport.com/show/?m=K8nni4tdvQE .
Auto repair shop (5536 Bldg 3): https://my.matterport.com/show/?m=u4spjftVVhB .
Auto repair dome (5536 Bldg 4): https://my.matterport.com/show/?m=6zqtcCDw6za .
5530-5536 W Colfax HIGHLIGHTS:
• $1,650,000.
• Gross Rent: $146k (current).
• NOI: $106k (6.4% CAP).
• 5,550sf (4 buildings).
• 0.44 acres (2 parcels).
• New Roof and Wiring (2020).
• Pylon sign (double-sided).
• High visibility and Foot Traffic on Colfax Ave.
• Ample on-site parking (72+ cars).
• Qualified Opportunity Zone (QOZ).
• Growing market in Lakewood.
• Zoning M-G-U (Lakewood).
• Built in 1943, 1975.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfaxavenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$146,064
|
$26.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,064
|
$26.32
|
| Taxes |
$16,083
|
$2.90
|
| Operating Expenses |
$24,382
|
$4.39
|
| Total Expenses |
$40,465
|
$7.29
|
| Net Operating Income |
$105,599
|
$19.03
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $146,064 |
| Annual Per SF | $26.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $146,064 |
| Annual Per SF | $26.32 |
| Taxes | |
|---|---|
| Annual | $16,083 |
| Annual Per SF | $2.90 |
| Operating Expenses | |
|---|---|
| Annual | $24,382 |
| Annual Per SF | $4.39 |
| Total Expenses | |
|---|---|
| Annual | $40,465 |
| Annual Per SF | $7.29 |
| Net Operating Income | |
|---|---|
| Annual | $105,599 |
| Annual Per SF | $19.03 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,550 SF
Building Class
C
Year Built
1943
Price
$1,650,000
Price Per SF
$297
Cap Rate
6.40%
NOI
$105,598
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Land Acres
0.44 AC
Opportunity Zone
Yes
Zoning
M-G-U - Lakewood M-G-U (Mixed Use General Urban) located in Opportunity Zone
https://www.lakewood.org/files/assets/public/v/6/planning/development-assistance
Parking
72 Spaces (12.97 Spaces per 1,000 SF Leased)
Frontage
103 FT on W Colfax
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Perfect Image Auto
- Retailer
- 4,100 SF
- $27.72
- Modified Gross
- Feb 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Perfect Image Auto | Retailer | 4,100 SF | $27.72 | Modified Gross | Feb 2025 |
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 49-011-04-014 | Total Assessment | $100,550 (2023) |
| Land Assessment | $93,627 (2023) | Annual Taxes | $16,083 ($2.90/SF) |
| Improvements Assessment | $6,923 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-011-04-014
Land Assessment
$93,627 (2023)
Improvements Assessment
$6,923 (2023)
Total Assessment
$100,550 (2023)
Annual Taxes
$16,083 ($2.90/SF)
Tax Year
2024
-
Michael Crawford -
Hoff & Leigh Denver
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5530-5536 W Colfax Ave
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