Freestanding Drive-Thru Building For
For Sale
Contact for pricing
15321 E Orchard Road, Aurora, CO 80015
Freestanding drive-thru building with ample parking and high visibility.
Property Size3,261 SF
Price / SF$400
Days on Market280
Property Features for 15321 E Orchard Road
General Information
Standard status
Active
Size
3,261 SF
Property subtype
Retail
Zoning
CG
Building Details
Year Built
1998
Listing Agency:
Sullivanhayes Brokerage
(720) 529-2992
Listed By:
Julie Mcbrearty · License #CO FA.100044144
Source:
Crexi
Added: Nov 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Sullivanhayes Brokerage
Investment Insights
Based on property information with market context.
This freestanding 3,261 SF drive-thru building is suitable for a variety of commercial uses, presenting an opportunity for an owner user. The property is located off South Parker Road, near Walmart. It features ample parking, excellent visibility, high exposure to traffic, and monument signage.
Key Highlights
- Freestanding drive‑thru building suitable for various commercial uses.
- Excellent visibility and high traffic exposure.
- Convenient location off South Parker Road and close to Walmart.
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
$52,975
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
4.06%
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%
$1,059,500
$1.1M
Cap Rate 7%
$756,786
$756.8K
Cap Rate 9%
$588,611
$588.6K
Market Conditions
NOI Build-Up for 3,261 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
$74.4K $22.80/SF
− Vacancy
−$3.7K −$1.14/SF
EGI
$70.6K $21.66/SF
− OpEx
−$17.7K −$5.42/SF
NOI
$53.0K $16.25/SF
Area
ZIP 80015
Vacancy
5.00%
Lease Rate
$22.80 /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%
$1,059,500
Cap Rate 7%
$756,786
Cap Rate 9%
$588,611
Alternative Uses
Best Use
Specialty Retail
$756.8K
$662.2K – $882.9K
NOI $52,975 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.2K – $1.29M
NOI $77,137 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
216k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 60%
Dining 16%
Home Improvements & Furnishings 14%
Shops & Services 7%
Walmart
Superstores
129,075 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
29,847 visits/mo
0.4 miles
Panda Express
Dining
11,908 visits/mo
0.4 miles
IHOP
Dining
11,741 visits/mo
0.1 miles
Phillips 66
Shops & Services
10,707 visits/mo
0.0 miles
Demographics for 80015, CO
71,466
Population
25,482
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
4,384
Density / Sq Mi
$121,640
Median Household Income
$57,827
Median Earnings
$2,190
Median Rent
$558,900
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.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding drive-thru building with ample parking and high visibility.
Where is this drive through restaurant located?
The property is located at 15321 E Orchard Road Aurora, CO.
What is the asking price?
The asking price for this property is $1,304,400.
What are key features of this property?
This property features: Freestanding drive‑thru building suitable for various commercial uses.; Excellent visibility and high traffic exposure.; Convenient location off South Parker Road and close to Walmart.
