13791 E Rice Pl Aurora, CO 80015
Stabilized, technology-enhanced office building with value-add potential in Aurora.
Lot size:
0.99 AcresProperty Features for 13791 E Rice Pl
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.99 Acres
Building Details
- Year built
- 1984
Source:
Elliman
Listing Agency: FALKO REALTY Listing Agent: Jeff Milligan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Aurora Office Building Investment Opportunity
This multi-tenant professional office building in Aurora, Colorado, offers investors stable income with upside potential. The property is located directly off Parker Road, across from Cherry Creek Reservoir, providing high visibility. The building is 97% occupied with long-term tenants, with leases averaging two to three years. The current CAP rate is 6.7%, with potential to exceed 8%. A rentable classroom/training room and a large outdoor patio offer plug-and-play value-add opportunities. The property features upgraded infrastructure, including a Ubiquiti UniFi Dream Machine Pro Max + 24-port managed network, private Wi-Fi login with dedicated network profiles per tenant, remote smart management of IT and Ecobee climate systems, and LED lighting throughout. Security features include full interior and exterior camera surveillance and an automated maglock system with personal key-fobs and entry tracking. Interior features include solid-surface restroom finishes and 11 heat pumps for climate control. The landscaping was fully replaced approximately four years ago. The building also features double-pane tinted windows on the main level. The property is suitable for professional services, medical, tech, wellness, and hybrid-delivery tenants. This property delivers recurring income with upside through value-add execution.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.8272524
- Latitude
- 39.6355736
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Stabilized, technology-enhanced office building with value-add potential in Aurora.
Where is this office building located?
The property is located at 13791 E Rice Pl Aurora, CO.
What is the asking price?
The asking price for this property is $2,404,000.
What are key features of this property?
This property features: - Prime Parker Road Frontage directly across from Cherry Creek Reservoir provides high visibility and a desirable location.; - 97% Occupancy with long-term tenants ensures stable in-place income.; - 8.1% total pro forma CAP rate presents a significant value-add opportunity.
