Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4776 S Memphis St Aurora, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property near airport with high traffic volume.

    Type:RETAIL
    Property size:
    8,400 SF
    Lot size:
    1.83 Acres
    Added:
    Jan 29, 2025
    Days on Market:
    456
    Last Refresh:
    Apr 5 at 9:59 pm

    Property Features for 4776 S Memphis St

    General Information

    Standard status
    Active
    Size
    8,400 SF
    Lot size
    1.83 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 4776 S Memphis St Contact us

    We can help!

    Listing Contact
    Michael Laatsch
    Michael Laatsch

    Listing agent Michael Laatsch

    Listing office SullivanHayes Brokerage Corp

    Listing date Jan 29, 2025

    Source Moodyscre

    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 SullivanHayes Brokerage Corp

    Overview

    Retail Space Near Airport

    This retail property is part of The Flyway development, which will be anchored by a proposed Costco. The location on Peña Boulevard is expected to attract 22 million cars annually, with a daily traffic volume of over 123,000 cars. The surrounding area includes over 3,000 hotel rooms and sees 69 million airport passengers per year. The development aims to feature a mix of local businesses, dining options, and community retailers. The property offers 8,400 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • America Bitcoin ATM — 16342 E Quincy Ave, Aurora, CO 80015
    • Quincy Place S.C. — S Buckley Rd, Aurora, CO 80013
    • Smoky Hill Shoppette — 15273 e smoky hill rd, aurora, co 80015
    • Piney Creek Crossing — 16728 E Smoky Hill Rd, Aurora, CO 80015
    • Coinstar Kiosk - Bitcoin ATM — Kroger - King Soopers, 4257 S Buckley Rd, Aurora, CO 80013

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.813
    Latitude
    39.71

    Nearby Similar for Sale

    • $3,249,000

      Aurora Religious Facility For Sale

      22,261 SF religious facility on 2.949 acres.
      15600 E Alameda Parkway, Aurora, CO 80017
      View Details
    • $875,000
      3,313 SF

      Aurora Retail Investment Opportunity

      Multi-tenant retail building in a high-traffic Aurora location.
      1417 Havana Street, Aurora, CO 80010
      View Details
    • $375,000

      Remodeled Industrial Condo For Sale

      Industrial condo remodeled in 2023 with office and warehouse features.
      422 Norfolk St, Aurora, CO 80011
      View Details
    • $359,000
      1,100 SF

      Versatile Flex Condominium with Storage

      Flex condo with drive-in door and fenced outdoor storage.
      374 Norfolk St, Aurora, CO 80011
      View Details
    • $15
      5,040 SF

      Aurora Mixed-Use Development Opportunity

      5,040 SF mixed-use building on oversized lot near Stanley Marketplace.
      2323 Dayton Street, Aurora, CO 80010
      View Details
    • $1,295,000

      Mixed-Use Building on Colfax Avenue

      Newer mixed-use building with restaurant and office units.
      11075 E Colfax Ave, Aurora, CO 80010
      View Details
    • $449,000

      Retail Space in Aurora District

      Retail space available in a redeveloping downtown Aurora district.
      10033 E Colfax Ave 1, Aurora, CO 80010
      View Details
    • $700,000

      Aurora Gas Station For Sale

      6-pump gas station with a 10-year NNN lease.
      754 Peoria Street, Aurora, CO 80011
      View Details
    • $845,000
      4,500 SF

      Aurora Triplex: Investment Opportunity

      Well-maintained 9-bedroom triplex in Aurora, near major transportation routes.
      1321 Sable Blvd, Aurora, CO 80011
      View Details
    • $5,690,000

      New Retail/Medical Building For Sale

      New two-story retail/medical building in Aurora's Copperleaf corridor.
      21400 E Quincy Ave, Aurora, CO 80015
      View Details
    • $1,800,000
      5,109 SF

      Aurora Automotive Repair Building For Sale

      5,109 SF automotive collision repair building on 20,038 SF land.
      1525 Lansing St, Aurora, CO
      View Details
    • $775,000
      5,000 SF

      Versatile Flex Space with Lab

      5,000 SF flex space with lab and grow rooms.
      472 Laredo Street, Aurora, CO 80011
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property near airport with high traffic volume.
    Where is this shopping center located?
    The property is located at 4776 S Memphis St Aurora, CO.
    What are key features of this property?
    This property features: Anchored by proposed Costco; High traffic location on Peña Boulevard (22 million cars annually); Dynamic mix of local businesses, vibrant dining options, and community retailers
    (303) 370-7470 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Laatsch
    Michael Laatsch
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!