Flex Space with
For Sale
Contact for pricing
12001 E 33rd Ave, Aurora, CO 80010
Flex space built in 2004 with easy access to major interstates and nearby retail and light rail options.
Property Size2,222 SF
Price / SF$269.58
Days on Market223
Property Features for 12001 E 33rd Ave
General Information
Standard status
Active
Size
2,222 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Mezzanine
1,100 SF
Building Details
Year Built
2004
Listing Agency:
Colliers - Denver
(303) 745-5800
Listed By:
Steve Serenyi · License #FA.040016442
(303) 283-4578
Source:
Moodyscre
Added: Feb 3
Changed: Aug 15
Last Checked: Sep 14 at 12:24PM
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 - Denver
Investment Insights
Based on property information with market context.
This flex space was built in 2004 and offers a functional layout suitable for a variety of business uses. The property size is 2,222 SF, and a 1,100 SF mezzanine is available but not included in the stated square footage.
The location provides close proximity to I-25, I-76, I-270, I-225, and E-470, supporting convenient regional access. Day-to-day amenities are also nearby, including a light rail station, retail services on Peoria Street, and the shops at Northfield.
For tenants or users looking for a flexible interior footprint, the mezzanine adds additional usable area, while the main building space remains the 2,222 SF count referenced in the property information.
The location provides close proximity to I-25, I-76, I-270, I-225, and E-470, supporting convenient regional access. Day-to-day amenities are also nearby, including a light rail station, retail services on Peoria Street, and the shops at Northfield.
For tenants or users looking for a flexible interior footprint, the mezzanine adds additional usable area, while the main building space remains the 2,222 SF count referenced in the property information.
Key Highlights
- 2,222 SF flex space
- 1,100 SF mezzanine not included in the square footage
- Built in 2004
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
$30,296
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
5.06%
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%
$605,920
$605.9K
Cap Rate 7%
$432,800
$432.8K
Cap Rate 9%
$336,622
$336.6K
Market Conditions
NOI Build-Up for 2,222 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
$50.7K $22.80/SF
− Vacancy
−$4.1K −$1.82/SF
EGI
$46.6K $20.98/SF
− OpEx
−$16.3K −$7.34/SF
NOI
$30.3K $13.63/SF
Area
Aurora, CO
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
35.00%
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%
$605,920
Cap Rate 7%
$432,800
Cap Rate 9%
$336,622
Alternative Uses
Best Use
Flex RnD
$432.8K
$378.7K – $504.9K
NOI $30,296 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$385.1K
$337.0K – $449.3K
NOI $26,958 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$620.9K
$543.3K – $724.4K
NOI $43,462 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space built in 2004 with easy access to major interstates and nearby retail and light rail options.
Where is this flex space located?
The property is located at 12001 E 33rd Ave Aurora, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,222 SF flex space; 1,100 SF mezzanine not included in the square footage; Built in 2004
