Freestanding Office
New
For Sale
Contact for pricing
14456 E Evans Avenue, Aurora, CO 80014
Updated interiors, dedicated parking, and MU-OI zoning support professional office use.
Property Size4,275 SF
Price / SF$200
Days on Market6
Property Features for 14456 E Evans Avenue
General Information
Standard status
Active
Size
4,275 SF
Total Parking Spaces
9
Property subtype
Office
Zoning
MU-OI
Additional Details
Highway Access
Yes
Amenities
reception area
conference room
private offices
kitchen
Building Details
Year Built
1981
Buildings
1
Building Size
4,275 SF
Construction
brick
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
David Ray · License #FA.100104966
(720) 738-1949
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 4:10AM
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 NORTHPEAK Commercial Advisors
Investment Insights
Based on property information with market context.
This freestanding office property provides 4,275 SF of professional workspace in a brick building constructed in 1981. Recent improvements include LED lighting, plumbing fixtures, and flooring throughout. The interior arrangement includes a reception area, conference room, private offices, and a kitchen, creating a practical setting for business operations.
Located in the Business Commons business park in Aurora’s Arapahoe County, the property offers access to Hwy 225. Nine dedicated parking spaces serve the building. An HOA maintains the landscaping and parking lots, reducing routine exterior maintenance responsibilities for ownership while supporting the appearance of the established business park.
Located in the Business Commons business park in Aurora’s Arapahoe County, the property offers access to Hwy 225. Nine dedicated parking spaces serve the building. An HOA maintains the landscaping and parking lots, reducing routine exterior maintenance responsibilities for ownership while supporting the appearance of the established business park.
Key Highlights
- 4,275 SF freestanding office building
- Built in 1981 with brick construction
- Updated LED lighting, plumbing fixtures, and flooring throughout
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
$54,019
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
6.32%
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%
$1,080,380
$1.1M
Cap Rate 7%
$771,700
$771.7K
Cap Rate 9%
$600,211
$600.2K
Market Conditions
NOI Build-Up for 4,275 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
$92.3K $21.60/SF
− Vacancy
−$20.3K −$4.75/SF
EGI
$72.0K $16.85/SF
− OpEx
−$18.0K −$4.21/SF
NOI
$54.0K $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%
$1,080,380
Cap Rate 7%
$771,700
Cap Rate 9%
$600,211
Alternative Uses
Best Use
Office B
$771.7K
$675.2K – $900.3K
NOI $54,019 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,619 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,081
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Updated interiors, dedicated parking, and MU-OI zoning support professional office use.
Where is this office building located?
The property is located at 14456 E Evans Avenue Aurora, CO.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: 4,275 SF freestanding office building; Built in 1981 with brick construction; Updated LED lighting, plumbing fixtures, and flooring throughout
