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    384-386 Norfolk St Aurora, CO 80011

    For Sale
    $605,000

    Flex Space, Excellent Location, Strong Tenant

    Property size:
    1,475 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1,475 square foot industrial condo, situated on a 0.12-acre lot at 384-386 Norfolk Street in Aurora, CO, presents a compelling investment opportunity. Built in 2001, the property boasts a high cap rate and benefits from a prime location near the intersection of 6th Avenue and Airport Road, providing convenient access to major thoroughfares like I-225 and I-70. The property features two units, configured as a flexible space ideal for a variety of uses. A strong tenant currently occupies the space under a newly signed 3-year lease with a single 5-year extension option, ensuring consistent income. The building's layout is efficient, incorporating a reception area, office space, and kitchen in the front, seamlessly transitioning to a warehouse area in the rear. The warehouse is equipped with radiant heat for comfortable year-round operation and features two 10-foot high drive-in doors for easy loading and unloading. Adding to the property's appeal is a fenced and gated yard at the rear, providing secure outdoor storage. This turnkey investment property offers a rare combination of location, strong tenancy, and desirable features, making it an attractive opportunity for discerning investors. The asking price is $605,000.

    Property Features for 384-386 Norfolk St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,475 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.7949
    Latitude
    39.72173

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    FAQs

    What type of property is this?
    Industrial property - Flex Space, Excellent Location, Strong Tenant
    Where is this industrial property located?
    The property is located at 384-386 Norfolk St Aurora, CO.
    What is the asking price?
    The asking price for this property is $605,000.
    (303) 536-1786
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    384-386 Norfolk St Aurora, CO 80011
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    Aurora, CO 80011
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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
    384-386 Norfolk St Aurora, CO 80011
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