Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15566 E Colfax Ave Aurora, CO 80218

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,600,000

    5.04 AC redevelopment land in Aurora, Colorado.

    Lot size:
    5.04 Acres

    Property Features for 15566 E Colfax Ave

    General Information

    Lot size
    5.04 Acres

    We can help!

    Listing Contact
    Doug Gates
    Source: Moodyscre

    Listing Agent: Doug Gates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Aurora Redevelopment Land For Sale

    This 5.04-acre parcel of redevelopment land is available for sale in Aurora, located off Colfax and Chambers. The current zoning is MU-C (Mixed-Use Corridor), which allows for a variety of uses, including multi-family, office and medical, light manufacturing, hotel, restaurant, veterinary clinic, brewery or distillery, nursing home, childcare, and elementary school. Conditional uses would include self-storage facility, assisted living, greenhouse, and auto sales.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8069452
    Latitude
    39.7396645

    Nearby Similar for Sale

    • $1,200,000
      0.14 Acres

      Updated Multifamily in Growing Neighborhood

      8-unit multifamily property in Aurora's Delmar Parkway neighborhood.
      1391 Lima St, Aurora, CO 80010
      View Details
    • $215,000
      0.01 Acres

      Aurora Condo with Rental Income

      Well-maintained condo with long-term tenant in desirable Aurora location.
      17620 E Loyola Dr, Aurora, CO 80013
      View Details
    • $535,000
      2,526 SF

      Low-Maintenance Home in Saddle Rock

      Four-bedroom, three-bath home with updated features and community amenities.
      6658 S Shawnee Ct, Aurora, CO 80016
      View Details
    • $419,000
      1,728 SF

      Aurora Home Near Cherry Creek

      Comfortable Aurora home with remodeled kitchen and Cherry Creek access.
      4555 S Auckland Ct, Aurora, CO 80015
      View Details
    • $4,100,000
      6,772 SF

      Freestanding Retail Investment Opportunity

      Single-tenant retail property with long-term lease and high visibility.
      15725 East Briarwood Cir, Aurora, CO 80016
      View Details
    • $255,000
      1,038 SF

      Move-In Ready Condo with Upgrades

      Updated condo with community amenities, convenient location, and move-in readiness.
      14435 E 1 Dr, Aurora, CO 80011
      View Details
    • $245,000

      Spacious Condo in Active Community

      Two-bedroom condo in Heather Gardens 55+ active adult community.
      13626 E Bates Ave, Aurora, CO 80014
      View Details
    • $289,000
      1,024 SF

      Charming Condo in Gated Community

      Clean, bright 2-bedroom condo with modern amenities and community features.
      10165 E Carolina Pl, Aurora, CO 80247
      View Details
    • $320,000
      1,096 SF

      Rock Ridge Ground-Level Condo

      Stylish 2 bed, 2 bath condo in Rock Ridge, Aurora.
      2521 S Bahama Cir, Aurora, CO 80013
      View Details
    • $395,000
      1,831 SF

      Spacious End-Unit Townhome with Upgrades

      Updated 3-bedroom townhome with flexible layout and convenient location.
      12993 E Cornell Ave, Aurora, CO 80014
      View Details
    • $285,000
      1,208 SF

      Aurora Townhome in Cherry Creek

      Updated townhome in Cherry Creek School District near Heather Ridge.
      13598 E Asbury Dr, Aurora, CO 80014
      View Details
    • $502,000

      Pristine Townhome Near Buckley Base

      Move-in-ready townhome with modern amenities and convenient location.
      14641 E Poundstone Dr, Aurora, CO 80015
      View Details

    FAQs

    What type of property is this?
    Land - 5.04 AC redevelopment land in Aurora, Colorado.
    Where is this land located?
    The property is located at 15566 E Colfax Ave Aurora, CO.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Redevelopment land available: **5.04 acres**.; - Prime location in Aurora, off Colfax & Chambers.; - Zoning: MU-C (Mixed-Use Corridor).
    (303) 771-3850
    Request Owner's contact information
    15566 E Colfax Ave Aurora, CO 80218
    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.
    15566 E Colfax Ave
    Aurora, CO 80218
    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
    15566 E Colfax Ave Aurora, CO 80218
    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

    We can help!
    Listing Contact
    Doug Gates
    (303) 771-3850
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.