Retail Space in Growing
For Sale
Contact for pricing
Pending
10501 E Colfax Ave, Aurora, CO 80010
Retail space in a desirable, rapidly growing Denver neighborhood.
Property Size13,450 SF
Days on Market393
Property Features for 10501 E Colfax Ave
General Information
Standard status
Pending
Size
13,450 SF
Total Parking Spaces
85
Property subtype
Mixed Use, Retail
Zoning
OA-G
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$336,289
Building Details
Year Built
1996
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
(720) 255-5231
Listed By:
Joe Winkelmann · License #CA 01259378
Source:
Crexi
Added: Aug 2, 2025
Changed: Aug 28
Last Checked: Aug 29 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This retail space is situated in Denver's central submarket, benefiting from proximity to rapidly growing neighborhoods. The Central Park neighborhood is known as a desirable location for young families, while Lowry offers a quieter residential community for families and young professionals, a short drive from downtown. The area's economy is supported by healthcare, aerospace, and bioscience industries. Retailers are drawn to the area's demographics and growth, supported by its location near several of Denver’s most desirable neighborhoods. Colfax Avenue serves as an east-west transportation route connecting downtown Denver with the Anschutz Medical Campus. Plans are underway to implement a new Bus Rapid Transit (BRT) line to improve mobility along the corridor, potentially increasing foot traffic. The property encompasses 13450 square feet. Vacancies in the submarket are at 4.8% as of 25Q1, compared to the metro benchmark of 4.3%. Supply additions have been modest, and the current pipeline includes 16,000 square feet under construction. The property is located at 10501 E Colfax Ave, Aurora, CO 80010.
Key Highlights
- Located in a submarket drawing from Denver's fastest‑growing neighborhoods (Central Park, Lowry).
- Proximity to high‑paying healthcare, aerospace, and bioscience industries driving employment.
- Favorable demographics and explosive growth attract retailers.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$181,575
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,631,500
$3.6M
Cap Rate 7%
$2,593,929
$2.6M
Cap Rate 9%
$2,017,500
$2.0M
Market Conditions
NOI Build-Up for 13,450 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$322.8K $24.00/SF
− Vacancy
−$32.3K −$2.40/SF
EGI
$290.5K $21.60/SF
− OpEx
−$108.9K −$8.10/SF
NOI
$181.6K $13.50/SF
Area
Aurora, CO
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,631,500
Cap Rate 7%
$2,593,929
Cap Rate 9%
$2,017,500
Alternative Uses
Best Use
Mixed Use
$2.59M
$2.27M – $3.03M
NOI $181,575 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$2.44M
$2.13M – $2.84M
NOI $170,572 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$3.76M
$3.29M – $4.38M
NOI $263,082 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 28%
Shops & Services 20%
Apparel 11%
Lowe's Market
Groceries
32,436 visits/mo
0.1 miles
McDonald's
Dining
26,568 visits/mo
0.3 miles
Little Caesars Pizza
Dining
12,399 visits/mo
0.1 miles
Arc Thrift Store
Apparel
11,212 visits/mo
0.3 miles
Guadalajara
Dining
9,252 visits/mo
0.5 miles
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in a desirable, rapidly growing Denver neighborhood.
Where is this retail space located?
The property is located at 10501 E Colfax Ave Aurora, CO.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Located in a submarket drawing from Denver's fastest‑growing neighborhoods (Central Park, Lowry).; Proximity to high‑paying healthcare, aerospace, and bioscience industries driving employment.; Favorable demographics and explosive growth attract retailers.
