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    1391 Lima St Denver, CO 80010

    For Sale
    $1,200,000

    Commercial Sale - Aurora, CO

    Lot size:
    0.14 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1391 Lima St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OA-RMU
    Lot size
    0.14 Acres

    Building Details

    Year built
    1965
    Architectural style
    Other

    LoKation Real Estate (720) 370-3878 [email protected]

    Listing agent Valerie Cannistraro (720) 370-3878

    Listing date Oct 7, 2025

    MLS# 1045199 Listing URL

    Copyright © 2025 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multifamily in Growing Neighborhood

    Located in the Delmar Parkway neighborhood, this 8-unit multifamily property is positioned to benefit from Aurora's anticipated growth. Currently operating at a 6.5% cap rate, returns could potentially be increased through rent adjustments and the addition of a utility billback system. The property is located minutes from Anschutz Medical Campus, making it suitable for mid-term rentals for traveling nurses. Each unit features modern finishes and newer appliances. Recent upgrades include a 25-year Class 4 impact-resistant roof and a radon mitigation system completed in 2021. The building provides secure access, on-site laundry, and private basement storage for each unit. With a Walk Score of 83, the location offers convenient access to restaurants, coffee shops, and grocery stores. The lot size is 0.14 acres. The zoning is OA-RMU.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.856777
    Latitude
    39.738141

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    FAQs

    What type of property is this?
    Apartment building - 8-unit multifamily property in Aurora's Delmar Parkway neighborhood.
    Where is this apartment building located?
    The property is located at 1391 Lima St Denver, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Strong 6.5% actual cap rate with potential to increase to at least 7.4% through rent adjustments and utility billback.; - Prime location in the rapidly growing Delmar Parkway neighborhood, Aurora, with expected 40% growth by 2050.; - Ideal for mid-term rentals catering to traveling nurses due to proximity to Anschutz Medical Campus.
    (720) 370-3878
    Request Owner's contact information
    1391 Lima St Denver, CO 80010
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    Denver, CO 80010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1391 Lima St Denver, CO 80010
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