Two-Story Office Building with
For Sale
Contact for pricing
12369 East Cornell Ave, Aurora, CO 80014
Updated two-story office building with four offices, waiting area, and basement workspace plus two restrooms.
Property Size2,514 SF
Price / SF$159.11
Days on Market143
Property Features for 12369 East Cornell Ave
General Information
Standard status
Active
Size
2,514 SF
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Stories
2
Tenancy
Single
Listing Agency:
Weststar Commercial
Listed By:
Lev Cohen · License #FA.100032893
(720) 232-4118
Source:
Crexi
Added: Apr 16
Changed: Aug 20
Last Checked: Sep 5 at 6:41AM
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 Weststar Commercial
Investment Insights
Based on property information with market context.
12369 E Cornell Ave is a 2,514-square-foot two-story commercial office building with a basement. The property features stucco and brick exterior finishes and has been updated with new lighting, flooring, and decor. Upstairs includes a conference room with high exterior-facing windows for natural light, along with lower interior windows looking toward the lower level. The main floor offers four offices, a waiting area, a fireplace, and one restroom.
The basement includes two additional offices, an open area suitable for multiple cubicles, a kitchen, storage, and another restroom with a shower. The building provides one covered parking space and additional onsite parking. Owner-carry options are available.
The office townhome complex at Stonehenge at the Dam is directly across from a King Soopers-anchored retail center, with additional adjacent development including nearby high-rise apartment construction. Please call for more detailed information.
The basement includes two additional offices, an open area suitable for multiple cubicles, a kitchen, storage, and another restroom with a shower. The building provides one covered parking space and additional onsite parking. Owner-carry options are available.
The office townhome complex at Stonehenge at the Dam is directly across from a King Soopers-anchored retail center, with additional adjacent development including nearby high-rise apartment construction. Please call for more detailed information.
Key Highlights
- 2,514 SF two‑story commercial office building with basement, in the Stonehenge at the Dam offices complex
- Updated with new lighting, flooring, and decor
- Main level includes four offices, waiting area, fireplace, and one restroom
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
$31,767
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
7.94%
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%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,514 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
$54.3K $21.60/SF
− Vacancy
−$11.9K −$4.75/SF
EGI
$42.4K $16.85/SF
− OpEx
−$10.6K −$4.21/SF
NOI
$31.8K $12.64/SF
Area
Aurora, CO
Vacancy
22.00%
Lease Rate
$21.60 /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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Office B
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.5K
$614.7K – $819.6K
NOI $49,174 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 80014, CO
41,711
Population
19,903
Households
2.1
Avg Household Size
40
Median Age
44%
College-Educated
93%
High-School Grad
7.2 sq mi
ZIP Area
5,793
Density / Sq Mi
$72,561
Median Household Income
$47,950
Median Earnings
$1,800
Median Rent
$386,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated two-story office building with four offices, waiting area, and basement workspace plus two restrooms.
Where is this office building located?
The property is located at 12369 East Cornell Ave Aurora, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,514 SF two‑story commercial office building with basement, in the Stonehenge at the Dam offices complex; Updated with new lighting, flooring, and decor; Main level includes four offices, waiting area, fireplace, and one restroom
