Flex Industrial Office
For Sale
$1,140,000
1540 Boston Street, Aurora, CO 80010
6,000 SF building includes office space, a large warehouse area, kitchen, and exterior courtyard under OA-MS zoning.
Property Size6,000 SF
Price / SF$190
Days on Market66
Property Features for 1540 Boston Street
General Information
Standard status
Active
Size
6,000 SF
Class
B
Property subtype
Office
Zoning
OA-MS
Amenities
offices
open work areas
warehouse area
kitchen
exterior courtyard
Building Details
Building Size
6,000 SF
Year Built
1959
Listing Agency:
Unique Properties, Inc
(720) 530-9070
Listed By:
Brian McKernan · License #FA.040033318
(720) 530-9070
Source:
Uniqueprop
Added: Jun 25
Changed: Aug 21
Last Checked: Aug 29 at 8:35AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
This 6,000 SF flex-style building includes several offices and open work areas alongside a large warehouse area. The property also features a kitchen and an exterior courtyard, supporting a variety of on-site needs for office and warehouse operations. Built in 1959, the layout is designed to combine work space and storage in a single facility.
The property is located at 1540 Boston Street in Aurora, Colorado, in the Aurora–East Colfax area. It is described as strategically zoned OA-MS, offering flexibility for multiple commercial use types, including office, industrial, or retail.
With office components, open work areas, and substantial warehouse space, the building is configured for tenants that need both administrative space and larger operational areas within the same footprint.
The property is located at 1540 Boston Street in Aurora, Colorado, in the Aurora–East Colfax area. It is described as strategically zoned OA-MS, offering flexibility for multiple commercial use types, including office, industrial, or retail.
With office components, open work areas, and substantial warehouse space, the building is configured for tenants that need both administrative space and larger operational areas within the same footprint.
Key Highlights
- 6,000 SF commercial building built in 1959
- OA‑MS zoning allows for Office, Industrial, or Retail uses
- Includes several offices and open work areas plus a large warehouse area
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
$88,392
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
7.75%
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%
$1,767,840
$1.8M
Cap Rate 7%
$1,262,743
$1.3M
Cap Rate 9%
$982,133
$982.1K
Market Conditions
NOI Build-Up for 6,000 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
$110.2K $18.36/SF
− Vacancy
−$6.2K −$1.03/SF
EGI
$104.0K $17.33/SF
− OpEx
−$15.6K −$2.60/SF
NOI
$88.4K $14.73/SF
Area
Aurora, CO
Vacancy
5.60%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$1,767,840
Cap Rate 7%
$1,262,743
Cap Rate 9%
$982,133
Alternative Uses
Best Use
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,392 @ 7.0% cap · market cap 7.75%
Second Best
Flex RnD
$1.17M
$1.02M – $1.36M
NOI $81,806 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,360 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,135
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 6,000 SF building includes office space, a large warehouse area, kitchen, and exterior courtyard under OA-MS zoning.
Where is this flex space located?
The property is located at 1540 Boston Street Aurora, CO.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: 6,000 SF commercial building built in 1959; OA‑MS zoning allows for Office, Industrial, or Retail uses; Includes several offices and open work areas plus a large warehouse area
