Colony House Apartments For
152 Del Mar Cir, Aurora, CO 80011
For Sale
$5,400,000
Secured 37-unit apartment building with remodeled units and rent upside.
Property Size28,048 SF
Lot Size0.62 Acres
Days on Market351
Property Features for 152 Del Mar Cir
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
GENESEE COMMERCIAL GROUP LLC
Listed By:
Barbara Carlson · License CO #100003184
(720) 839-7300
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 25 at 4:54AM
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
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Investment Insights
Based on property information with market context.
Colony House Apartments is a secured 37-unit apartment building featuring a mix of residential units, including one studio, thirty-four one-bedroom/one-bathroom units, and three two-bedroom units. Over 80% of the units have been remodeled since 2020, featuring new cabinets, flooring, and double-paned windows. The four-story building is serviced by an elevator that was replaced in 2017. The property includes a covered pool with all mechanical systems still in place. The boiler and water heater were replaced in 2025. A 16-camera security system enhances the building's security. Additional amenities include an on-site office and two storage sheds. The parking lot offers thirty-five off-street parking spots, with additional on-street parking available. The property is located next door to a King Soopers grocery store and bus routes, and across the street from the Aurora senior center and recreation center, including a large park. It is situated approximately 2 miles from the Aurora medical complex and I-225, accessible via Alameda Ave. Opportunities exist for rent upside and utility bill back for gas, water, and trash.
Key Highlights
- Over 80% of units remodeled since 2020 featuring new cabinets, flooring, and double‑paned windows
- New boiler and water heater installed in 2025
- Secure building with a 16‑camera security system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,861
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,737,220
$6.7M
Cap Rate 7%
$4,812,300
$4.8M
Cap Rate 9%
$3,742,900
$3.7M
Market Conditions
NOI Build-Up for 28,048 SF
Gross rent
$653.0K $23.28/SF
− Vacancy
−$40.5K −$1.44/SF
EGI
$612.5K $21.84/SF
− OpEx
−$275.6K −$9.83/SF
NOI
$336.9K $12.01/SF
Area
ZIP 80011
Vacancy
6.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,737,220
Cap Rate 7%
$4,812,300
Cap Rate 9%
$3,742,900
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.
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Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in Aurora
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Secured 37-unit apartment building with remodeled units and rent upside.
Where is this apartment building located?
The property is located at 152 Del Mar Cir 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: Over 80% of units remodeled since 2020 featuring new cabinets, flooring, and double‑paned windows; New boiler and water heater installed in 2025; Secure building with a 16‑camera security system
