Multi-Tenant Auto Shop
For Sale
Contact for pricing
1458 Ironton Street, Aurora, CO 80010
OA-G zoning and four drive-in doors support automotive, repair, and other service-oriented commercial uses.
Property Size5,100 SF
Lot Size0.22 Acres
Price / SF$202.94
Days on Market13
Property Features for 1458 Ironton Street
General Information
Standard status
Active
Size
5,100 SF
Lot size
0.22 Acres
Property subtype
Retail
Zoning
OA-G
Occupancy
100%
Net Operating Income
$72,603
Additional Details
Outdoor Storage
Yes
Amenities
4 drive-in doors
Building Details
Year Built
1959
Buildings
1
Tenancy
Multi
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Ben Traut · License #100111524
Source:
Crexi
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 10 at 11:45AM
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 5,100 SF commercial building contains multiple tenant areas and is configured for automotive and service operations. Four drive-in doors support vehicle access, while the 9,525 SF lot provides additional exterior area around the building. Constructed in 1959, the property is fully leased to two auto and service tenants: Abdiel's Auto Body and Almighty Auto Repair.
The OA-G zoning designation supports a range of commercial and service uses. The existing tenant configuration, automotive improvements, and drive-in access provide a functional setup for current operations while retaining flexibility for future occupancy planning.
The OA-G zoning designation supports a range of commercial and service uses. The existing tenant configuration, automotive improvements, and drive-in access provide a functional setup for current operations while retaining flexibility for future occupancy planning.
Key Highlights
- 5,100 SF multi‑tenant commercial building
- 9,525 SF lot with additional exterior area
- Fully leased to two auto and service tenants
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
$64,678
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
6.25%
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%
$1,293,560
$1.3M
Cap Rate 7%
$923,971
$924.0K
Cap Rate 9%
$718,644
$718.6K
Market Conditions
NOI Build-Up for 5,100 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
$101.0K $19.80/SF
− Vacancy
−$8.6K −$1.68/SF
EGI
$92.4K $18.12/SF
− OpEx
−$27.7K −$5.44/SF
NOI
$64.7K $12.68/SF
Area
Aurora, CO
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,293,560
Cap Rate 7%
$923,971
Cap Rate 9%
$718,644
Alternative Uses
Best Use
Retail
$924.0K
$808.5K – $1.08M
NOI $64,678 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$883.9K
$773.4K – $1.03M
NOI $61,875 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,756 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
130k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Groceries 30%
Shops & Services 21%
Apparel 12%
Lowe's Market
Groceries
32,436 visits/mo
0.2 miles
McDonald's
Dining
26,568 visits/mo
0.3 miles
Little Caesars Pizza
Dining
12,399 visits/mo
0.1 miles
Arc Thrift Store
Apparel
11,212 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
8,017 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- El transportador mecánica — 1109 Newark St, Aurora, CO 80010
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- Regio’s towing-Servicio de Grua-Flatbed Towing-Fast Towing-24 — 1410 Emporia St, Aurora, CO 80010
- D&G Auto & Fender — 1458 Ironton St, Aurora, CO 80010
Frequently Asked Questions
What type of property is this?
Auto shop - OA-G zoning and four drive-in doors support automotive, repair, and other service-oriented commercial uses.
Where is this auto shop located?
The property is located at 1458 Ironton Street Aurora, CO.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: 5,100 SF multi‑tenant commercial building; 9,525 SF lot with additional exterior area; Fully leased to two auto and service tenants
