Freestanding Commercial Building with
For Sale
Contact for pricing
1530 Geneva St, Aurora, CO 80010
Freestanding building with treatment rooms and private parking, offering flexible owner-user space in Aurora’s Del Mar Parkway corridor.
Property Size1,920 SF
Price / SF$311.46
Days on Market51
Property Features for 1530 Geneva St
General Information
Standard status
Active
Size
1,920 SF
Class
B
Property subtype
Retail, Office
Zoning
OA-G
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Traffic Count
25,000 vehicles/day
Building Details
Year Built
1926
Year Renovated
2021
Stories
2
Tenancy
Single
Listing Agency:
All County Property Management and Real Estate Metro Denver
Listed By:
Eddie Lederman · License #100080975
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 1:34PM
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 All County Property Management and Real Estate Metro Denver
Investment Insights
Based on property information with market context.
1530 Geneva St is a freestanding commercial building currently configured as a beauty and wellness studio. The interior includes treatment rooms and open work areas, along with an ADA accessible entry. The property also offers private on-site parking and alley access, supporting day-to-day operations and flexible use by an owner-operator.
The building is located in Old Aurora, one block south of East Colfax Avenue, in the established Del Mar Parkway corridor. Public remarks indicate the area benefits from proximity to major job and education centers, including the Anschutz Medical Campus and Fitzsimons Innovation Community, as well as access to nearby residential neighborhoods. East Colfax Avenue is described as carrying approximately 25,000+ vehicles per day, which may support visibility for service-oriented and professional uses.
With its current wellness studio improvements and adaptable layout, the property may fit a range of service and professional occupancies, including beauty and wellness, office, professional services, education, creative, and specialty retail. The buyer should verify permitted uses, and trade fixtures are described as negotiable.
The building is located in Old Aurora, one block south of East Colfax Avenue, in the established Del Mar Parkway corridor. Public remarks indicate the area benefits from proximity to major job and education centers, including the Anschutz Medical Campus and Fitzsimons Innovation Community, as well as access to nearby residential neighborhoods. East Colfax Avenue is described as carrying approximately 25,000+ vehicles per day, which may support visibility for service-oriented and professional uses.
With its current wellness studio improvements and adaptable layout, the property may fit a range of service and professional occupancies, including beauty and wellness, office, professional services, education, creative, and specialty retail. The buyer should verify permitted uses, and trade fixtures are described as negotiable.
Key Highlights
- Freestanding commercial building built in 1926 in Aurora’s established Del Mar Parkway corridor
- Currently set up as a beauty and wellness studio with treatment rooms and open work areas
- ADA accessible entry and flexible layout for owner‑user use with beauty, wellness, office, and professional services potential
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
$24,349
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
4.07%
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%
$486,980
$487.0K
Cap Rate 7%
$347,843
$347.8K
Cap Rate 9%
$270,544
$270.5K
Market Conditions
NOI Build-Up for 1,920 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
$38.0K $19.80/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$34.8K $18.12/SF
− OpEx
−$10.4K −$5.44/SF
NOI
$24.3K $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%
$486,980
Cap Rate 7%
$347,843
Cap Rate 9%
$270,544
Alternative Uses
Best Use
Retail
$347.8K
$304.4K – $405.8K
NOI $24,349 @ 7.0% cap · market cap 4.07%
Second Best
Office B
$346.6K
$303.3K – $404.4K
NOI $24,261 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$536.5K
$469.4K – $625.9K
NOI $37,555 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,358
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
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Similar Off Market Nearby
- Voyages Wellness Group — 2011 Dallas St, Aurora, CO 80010
- Upswell Studio Central Park — 2271 Clinton St Suite A, Aurora, CO 80010
- Stairway Larson Detox Aurora, CO — 9722 E 16th Ave, Aurora, CO 80010
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Freestanding building with treatment rooms and private parking, offering flexible owner-user space in Aurora’s Del Mar Parkway corridor.
Where is this spa & wellness property located?
The property is located at 1530 Geneva St Aurora, CO.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Freestanding commercial building built in 1926 in Aurora’s established Del Mar Parkway corridor; Currently set up as a beauty and wellness studio with treatment rooms and open work areas; ADA accessible entry and flexible layout for owner‑user use with beauty, wellness, office, and professional services potential
