Secured Apartment Building with
For Sale
$5,400,000
152 Del Mar Circle, Aurora, CO 80011
Secured 37-unit, four-story apartment building with on-site office, 16-camera security, and a service elevator.
Days on Market731
Property Features for 152 Del Mar Circle
General Information
Standard status
Active
Total Parking Spaces
35
Elevators
Yes
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio, 34 x 1BR/1BA, 3 x 2BR
Multifamily Units
37
Amenities
pool
security system
storage sheds
Building Details
Building Size
28,048 SF
Year Built
1967
Buildings
1
Stories
4
Listing Agency:
GENESEE COMMERCIAL GROUP LLC
(303) 980-0500
Listed By:
Barbara Carlson · License #100003184
Source:
Guidere
Added: Aug 2, 2024
Changed: Jul 30
Last Checked: Aug 1 at 11:19AM
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 GENESEE COMMERCIAL GROUP LLC
Investment Insights
Based on property information with market context.
Colony House Apartments is a secured 37-unit, four-story apartment building with a unit mix of one studio, thirty-four one-bedroom one-bathroom units, and three two-bedroom units. Over 80% of the units have been remodeled since 2020, including new cabinets, flooring, and new double paned windows. The building includes a service elevator added in 2017.
Building amenities include a covered pool with mechanical systems still in place, and a 16-camera security system. Boiler and water heater were replaced in 2025. There is an on-site office and two storage sheds. The property provides thirty-five off-street parking spots, with additional on-street parking.
Located next door to King Soopers grocery store and bus routes, the property sits across the street from the Aurora senior center and recreation center, including a large park. It is approximately 2 miles from the Aurora medical complex and I-225 via Alameda Ave. The building was built in 1967.
Building amenities include a covered pool with mechanical systems still in place, and a 16-camera security system. Boiler and water heater were replaced in 2025. There is an on-site office and two storage sheds. The property provides thirty-five off-street parking spots, with additional on-street parking.
Located next door to King Soopers grocery store and bus routes, the property sits across the street from the Aurora senior center and recreation center, including a large park. It is approximately 2 miles from the Aurora medical complex and I-225 via Alameda Ave. The building was built in 1967.
Key Highlights
- 37 units: 1 studio, 34 one bed/1 bath, and 3 two bed units
- Over 80% remodeled since 2020 with new cabinets, flooring, and double paned windows
- Service elevator added in 2017
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $653.0k | $23.28 |
| − Vacancy | −$40.5k | −$1.44 |
| EGI | $612.5k | $21.84 |
| − OpEx | −$275.6k | −$9.83 |
| NOI | $336.9k | $12.01 |
28,048 SF · lease $23.28/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.81M
$4.21M – $5.61M
NOI $336,861 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.47M
$5.66M – $7.55M
NOI $452,829 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
37
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 80011, CO
54,254
Population
19,108
Households
2.8
Avg Household Size
32
Median Age
19%
College-Educated
76%
High-School Grad
20.4 sq mi
ZIP Area
2,660
Density / Sq Mi
$69,719
Median Household Income
$36,853
Median Earnings
$1,607
Median Rent
$367,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Secured 37-unit, four-story apartment building with on-site office, 16-camera security, and a service elevator.
Where is this apartment building located?
The property is located at 152 Del Mar Circle Aurora, CO.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 37 units: 1 studio, 34 one bed/1 bath, and 3 two bed units; Over 80% remodeled since 2020 with new cabinets, flooring, and double paned windows; Service elevator added in 2017
