Mixed-Use Building on Colfax
For Sale
$1,295,000
11075 E Colfax Avenue, Aurora, CO 80010
Newer mixed-use building with restaurant and office units.
Property Size3,287 SF
Days on Market175
Property Features for 11075 E Colfax Avenue
General Information
Standard status
Active
Size
3,287 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$6,891
Building Details
Building Size
3,287 SF
Year Built
2018
Listing Agency:
Paisano Realty, Inc.
(303) 947-7077
Listed By:
Angel Hernandez · License #278049988
Source:
Eliselosassore
Added: Mar 10
Changed: Aug 23
Last Checked: Aug 30 at 9:32PM
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 Paisano Realty, Inc.
Investment Insights
Based on property information with market context.
This newer mixed-use commercial building is located directly on high-traffic East Colfax Avenue. The well-maintained property offers two separate units, creating an excellent opportunity for an owner-user, investor, or business operator seeking strong visibility and flexible income potential. The main level is fully built out for a restaurant concept, featuring a functional commercial kitchen layout, dining/service area, and infrastructure suitable for a variety of food and beverage operations. With prominent frontage along East Colfax, the space benefits from significant daily traffic counts and outstanding street exposure, making it ideal for a restaurant, café, bakery, or specialty food concept. The second floor consists of a separate office unit, perfect for professional services, creative workspace, administrative offices, or an owner’s suite. This configuration allows for multiple revenue streams or the ability to occupy one space while leasing the other. Additional highlights include modern construction, flexible layout, and a location surrounded by dense residential neighborhoods, established businesses, and continuous redevelopment along the Colfax corridor. It is ideal for restaurant operators, owner-users seeking supplemental rental income, and/or investors looking for mixed-use assets in a high-visibility location. The bike score is 55, the walk score is 86, and the transit score is 49.
Key Highlights
- High‑traffic location on East Colfax Avenue with excellent street exposure.
- Mixed‑use property with a restaurant‑ready main level and a flexible office space on the second floor.
- Potential for multiple revenue streams through leasing both units or owner‑occupancy with rental income.
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
$46,519
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
3.59%
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%
$930,380
$930.4K
Cap Rate 7%
$664,557
$664.6K
Cap Rate 9%
$516,878
$516.9K
Market Conditions
NOI Build-Up for 3,287 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
$67.1K $20.40/SF
− Vacancy
−$5.0K −$1.53/SF
EGI
$62.0K $18.87/SF
− OpEx
−$15.5K −$4.72/SF
NOI
$46.5K $14.15/SF
Area
Aurora, CO
Vacancy
7.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$930,380
Cap Rate 7%
$664,557
Cap Rate 9%
$516,878
Alternative Uses
Best Use
Specialty Retail
$664.6K
$581.5K – $775.3K
NOI $46,519 @ 7.0% cap · market cap 3.59%
Second Best
Mixed Use
$633.9K
$554.7K – $739.6K
NOI $44,375 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$918.5K
$803.7K – $1.07M
NOI $64,294 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Groceries 24%
Shops & Services 18%
Apparel 3%
Lowe's Market
Groceries
32,436 visits/mo
0.3 miles
McDonald's
Dining
26,568 visits/mo
0.1 miles
Little Caesars Pizza
Dining
12,399 visits/mo
0.5 miles
Guadalajara
Dining
9,252 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
8,017 visits/mo
0.1 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?
Mixed-use property - Newer mixed-use building with restaurant and office units.
Where is this mixed-use property located?
The property is located at 11075 E Colfax Avenue Aurora, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: High‑traffic location on East Colfax Avenue with **excellent street exposure**.; Mixed‑use property with a restaurant‑ready main level and a flexible office space on the second floor.; Potential for multiple revenue streams through leasing both units or owner‑occupancy with rental income.
