Value-Add Retail Strip
10660 E Colfax Ave, Aurora, CO 80010
Fully leased retail strip center with value-add opportunity.
Type:Retail
Property size:
9,197 SFPrice / SF:
$213/SF- Added:
- Nov 21, 2025
- Days on Market:
- 191
- Last Refresh:
- May 19 at 8:01 pm
Property Features for 10660 E Colfax Ave
General Information
- Standard status
- Active
- Size
- 9,197 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1956
Listing agent Corey Sandberg License #FA100074750 (928) 533-4581
Listing office Pinnacle Real Estate Advisors (928) 533-4581
Listing date Nov 21, 2025
Source Pinnaclerea
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 Pinnacle Real Estate Advisors
HighLights
- Value‑add opportunity through bringing below‑market leases up to market rates.
- Located in the heart of the East Colfax retail corridor, near Anschutz Medical Campus.
- High visibility on Colfax retail corridor.
- Dedicated on‑site parking lot.
- Fully leased with 10 tenants.
- Complementary service‑oriented tenant mix.
Overview
This 9,197 square foot multi-tenant retail strip center is located in the heart of the East Colfax retail corridor, just west of Anschutz Medical Campus. The property is currently 100% occupied with 10 specialty and service-based tenants, all of whom are on gross leases at well below market rates. It offers a value-add opportunity in a redeveloping area. The property features high visibility on the Colfax retail corridor and a dedicated onsite parking lot. The tenant mix is service-oriented, providing an easy value-add opportunity through bringing leases to market. It is situated next to the City Wide Bank building.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.1k | $19.80 |
| − Vacancy | −$15.5k | −$1.68 |
| EGI | $166.6k | $18.12 |
| − OpEx | −$50.0k | −$5.44 |
| NOI | $116.6k | $12.68 |
9,197 SF · lease $19.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.94M
NOI $116,635 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,893 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.864
- Latitude
- 39.7399
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Fully leased retail strip center with value-add opportunity.
Where is this strip mall located?
The property is located at 10660 E Colfax Ave Aurora, CO.
What is the asking price?
The asking price for this property is $1,965,000.
What are key features of this property?
This property features: Value‑add opportunity through bringing below‑market leases up to market rates.; Located in the heart of the East Colfax retail corridor, near Anschutz Medical Campus.; High visibility on Colfax retail corridor.
